 However, given the existence of a small company exemption for companies with a turnover below £10.2m, assets worth less than £5.2m and/or less than 50 employees on average, this distinction is of little importance, especially when considering most UK companies fall below this threshold.Furthermore, given the reputational damage done to the audit sector in recent years, by being able to distinguish themselves from that market, AAT accountants could arguably claim an advantage.AAT members can claim a range of exemptions from ACCA, ICAEW, ICAS, CIPFA and CIMA examinations and vice versa.