The Associate Turnaround Professional (ATP)

Please note that the information on this page is provisional until the certification programme has been officially established.

ATP candidates study the same Body of Knowledge as CTPs, but the exams are at an entry level and less experience is required to allow for all professionals active or interested in the turnaround industry to earn a qualification.

An ATP is intended to work in a support role to a CTP or TP.   This will enable them to gain more experience, and an ATP is encouraged to upgrade once he or she is ready to write the CTP exam.

Minimum requirements

• A bachelor’s degree from an accredited university or a diploma from an university of technology or at least five (5) years of experience in executive or senior management, interim management, consulting, loan workout/restructuring, or in the legal or accounting professions or as a business rescue practitioner.
• A minimum of three (3) years of experience as listed above, one (1) year of which must be fulltime in turnaround (no requirement of companies suffering financial distress or in a financial crisis).
• Successfully completed the written entry level ATP examinations in management, law and finance/accounting prepared and graded by the Academic Subcommittee.
• No attendance courses are required.
• After certification, complete at least 50 hours of continuing professional education during each two-year period, including two hours of ethics credit (see Certification maintenance).
• Provide recommendations from three professional peers of the candidate.
• Submit letters from at least two (2) clients confirming the turnaround nature of the assignments undertaken. Clients will not be asked to evaluate the candidate’s performance.
• Submit two (2) case studies confirming the turnaround nature of the assignments undertaken.
• Reveal any pending disciplinary action or prior public discipline, any criminal conviction, any malpractice judgment or admission of malpractice and any refusal, denial or revocation of a license to practice or certification by another professional body.
• Agree to support and adhere to the Code of Ethics of the Turnaround Management Association.
• Payment of all required fees.

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Who are eligible to become Certified Turnaround Professionals?

In short, the answer is turnaround professionals from all disciplines that have passed the prescribed exams, in possession of a prescribed qualification, and with appropriate experience in their fields of the turnaround of companies suffering financial distress or in a financial crisis, including:

• Corporate turnaround managers and interim turnaround managers.
• Service providers to troubled companies and their financiers:
  • Turnaround practitioners and consultants.
  • Advisors including attorneys, accountants and financial advisors.
• business rescue practitioners in terms of Chapter 6 of the (future) Companies Act.
• Financiers of troubled companies:
  • Workout / restructuring executives of lenders e.g. banks and Development Fund Institutions.
  • Investment executives of institutional investors, venture capital and private equity investors, Development Fund Institutions, etc.