Thursday, 25 June 2015

Skills Assessment Changes for Accountants


Changes to the skills requirements for skills assessment of accountants are due to come into effect from 1 July.


All of the Accounting Professional Bodies namely, Chartered Accountants Australia and New Zealand, CPA Australia, and Institute of Public Accountants, are involved in the changes to how applications will be assessed. It is generally accepted that the changes will make it more difficult to qualify for assessment as an accounting professional.


All of the occupations currently assessed by the accounting professional bodies will be affected by the changes. These occupations are:


  • Finance manager,

  • Accountant (Gen),

  • Management accountant,

  • Taxation accountant,

  • Corporate treasurer,

  • External auditors

In essence, the change in assessing involves the current 12 core accounting areas being reduced to 9. Most applicants will need to show that they meet 7 of these, although some occupations will require applicants to show that they meet 8. There is no change to the English language requirement.

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