This on-demand eLearning program focuses on the technical and ethical requirements to become a CPA Australia Public Practitioner.
Description
This on-demand eLearning program focuses on the technical and ethical requirements to become a CPA Australia Public Practitioner.
There are five modules to complete as follows:
- Offering Public Accounting Services (PAS)
- Public Practice Certificate
- Ethical Standards
- Quality Management
- Risk Management
Each eLearning module has a corresponding multiple-choice question assessment which requires a 75% pass mark to succeed.
Please note, ASA members are able to enrol and complete the eLearning course however you must be a fully qualified CPA member to enrol in the Public Practice Program workshop and subsequently apply for your Public Practice Certificate. The Public Practice Program workshop is only available in Australia and New Zealand. Refer to the website for more information.
Learning objectives
Offering Public Accounting Services (PAS) (45 minutes)
- List the general CPA Australia By-Law requirements for the provision of PAS
- List the requirements of specific PAS
- List the requirements of the APES 210 Conformity with Auditing and Assurance Standards
- List the requirements of the APES 215 Forensic Accounting Services
- List the requirements of the APES 220 Taxation Services
- List the requirements of the APES 225 Valuation Services
- List the requirements of the APES 230 Financial Planning Services
- List the requirements of the APES 330 Insolvency Services
Public Practice Certificate (60 minutes)
- Define Public Accounting Services (PAS)
- List the requirements to hold a Public Practice Certificate (PPC)
- List the features and requirements of Professional Indemnity Insurance (PII) to meet the obligations for PPC holders
- List the requirements of branding as a CPA Australia practice
- Detail the Continuing Professional Development (CPD) requirements of professional accountants
- Describe the Professional Standards Scheme and its benefits for accountants
- Describe CPA Australia's complaints and disciplinary process
Ethical Standards (45 minutes)
- Explain why ethical behaviour is important to a profession
- Define the five fundamental principles of APES 110 Code of Ethics for Professional Accountants (including Independence Standards)
- List the three steps in the conceptual framework in APES 110
- State the reporting requirements for Non-Compliance with Laws and Regulations (NOCLAR)
- Apply the conceptual framework to identify, evaluate and address threats
- Describe the scope, application and requirements of five further ethical standards
Quality Management (2 hours)
- List the requirements of APES 320 Quality Management for Firms that provide Non-Assurance Services (the standard)
- List the requirements of AQSM 1 Quality Management for Firms that Perform Audits or Reviews of Financial Reports and Other Financial Information, or Other Assurance or Related Services Engagements (ASQM 1)
- Describe the scope and objectives of the CPA Australia Best Practice Program
Risk Management (30 minutes)
- List the requirements of APES 325 Risk Management for Firms
- List the steps in the risk management process
- Describe how managing client expectations reduces risk
- List the requirements of APES 305 Terms of Engagement
- Describe how terms of engagement can manage risk
Audience
Please note, this program is for CPA Australia members only, with the exception of those who are permitted to complete the workshop under the terms of their non-member agreement. ASA members are able to enrol and complete the eLearning course however you must be a fully qualified CPA Australia member to enrol in the Public Practice Program workshop and subsequently apply for your Public Practice Certificate.