The Accounting Profession Structure in Australia and Chartered Accountants

The accounting profession in Australia is constructed in a similar manner to the accounting profession in the United States. Whereas in the United States there is one professional body called the American Institute of Certified Public
Accountants (AICPA), in Australia there are two professional bodies – CPA Australia (CPAA) and the Chartered Accountants Australia and New Zealand (CAANZ). These two bodies are very important to the conduct of accounting in Australia. For example, it is these two bodies which accredit degrees in Australia and grant professional recognition.
http://www.cpaaustralia.com.au
http://www.charteredaccountantsanz.com/
They both have well-developed websites with many accounting related resources. Full members of the CPA Australia are called CPAs. Members of CAANZ are commonly called Chartered Accountants – CA’s. The two Australian
professional bodies represent the profession in discussions with government and also promulgate accounting standards.


Leave a Reply

Your email address will not be published. Required fields are marked *


x

Related Posts

Bad and doubtful debts
When you are preparing the financial statements for a business, you will frequently find reference to bad and doubtful debts. It is important to...
Myth about depreciation
It is most important to realise that the depreciation concept is not designed to provide a means or method to replace ageing assets. Depreciatio...
Finance Quiz
QUESTION 1Suppose you are planning to purchase a home with a value of $125,000. The bank has offered you a mortgage to financ...
powered by RelatedPosts