There are various pathways available to you for applying for registration, depending upon your individual circumstances. You must demonstrate that you have appropriate qualifications and skills, are capable, and fit and proper for ob体育 to register you as an auditor.
Qualifications 鈥� there are two alternatives for demonstrating that you have appropriate qualifications
| Prescribed qualifications | You must hold a qualification from a prescribed institution in Australia (for a list of prescribed institutions, see () AND supply a letter from the institution that certifies that your qualification comprises at least 3 years of accounting study (including auditing) AND at least 2 years of commercial law study (including company law). An academic transcript from the institution will be sufficient to meet this requirement, provided the institution has certified it.You must have completed a prescribed course in auditing (for a list of prescribed courses, see (). If you cannot meet these requirements, you must apply under equivalent qualifications. |
|
OR Equivalent qualifications |
You must demonstrate that your qualifications are equivalent to the requirements in s1280(2A) by supplying a statement that sets out the qualifications and experience you rely upon for your knowledge of accountancy and commercial law (including company law) and the reasons we should treat these qualifications and experience as equivalent. You must supply a letter from your Australian professional accounting association for any overseas qualifications you hold, confirming the equivalence of these to Australian qualifications. |
Skills 鈥� there are three alternatives for demonstrating that you have appropriate skills
| Approved auditing competency standard | You must demonstrate that you satisfy all the components of an approved competency standard by supplying a completed logbook and assessor's or referee's statement showing competency in all required tasks/contexts over a continuous 3鈥�5 year period under formal assessment. |
| OR Prescribed practical experience |
You must have at least 3000 hours work in auditing under the direction of a registered company auditor including audits required under sections 307,308 and 309 of the Corporations Act during the 5 years immediately before the date of your application, including at least 750 hours spent supervising audits of companies. |
| AND /OR Equivalent practical experience |
If you cannot meet prescribed practical experience requirements you must also provide details of your equivalent experience. You must have practical experience that in our opinion is equivalent to the practical experience in聽. You must state the basis on which you consider each entity to be a reporting entity, the legislation requiring each audit, and the complexity of each audit. Overseas skills: You must have at least 3000 hours work in auditing during the 5 years immediately before the date of your application, in a country(ies) that we consider to have auditing standards equivalent to Australian standards. You must also have practical experience in Australia (generally for a period of at least 12 months). |
Capable, Fit and Proper
You must provide:
- A Capability Report including details of: (1) the three most significant audits you have worked on with a level of information provided in the capability report sufficient enough to demonstrate you have had experience in handling complex audits (2) a summary of your continuing professional education in the last 5 years.
- A Capability Declaration/s from each of your nominated capability declarant/s named in Form 903AA as the supervisor or referee for the audits described in the Capability Report.
- A fit and proper statement in relation to any 鈥榊es鈥� answers in section 9 of the application form.