Changes to the Australian Accounting Skills Migration Assessment
As of the 1st of July 2015, the accounting professional bodies have introduced amendments to the migration skills assessment requirements, which will affect anyone seeking to immigrate to Australia to work within the accountancy sector.
The modifications include a reduction of the previous 12 core accounting areas to just nine now. The majority of applicants will be required to demonstrate that they meet at least seven of these core areas. In the cases of some applicants this number may be eight.
These changes apply to all accounting professional bodies: CPA Australia; Chartered Accountants Australia and New Zealand; and the Institute of Public Accountants. The roles the changes will apply to include all which are subject to assessment by the accounting professional bodies such as finance managers, general accountants, taxation accountants, management accountants, external auditors and corporate treasurers.
Certain pre-requisites are essential if you plan to apply for a permanent migration skills assessment within the Australian accountancy industry. You must possess a qualification equivalent to an Australian bachelor degree and you must also have passed specific mandatory subjects within your qualification. Finally, a test must be undertaken in order to demonstrate that you are proficient in the English language.
Whereas previously the range of mandatory subjects for assessment was four, it now stands at seven for the majority of roles. The consequence of this is that applicants are afforded less choice in how they cover the necessary subject areas. The list of mandatory subjects as of the 1st of July is as follows: Financial Accounting and Reporting; Accounting Systems and Processes; Finance; Management Accounting; Economics; Business Law; and Quantitative Methods.
As well as the afore-mentioned core subjects, those applying to work as external auditors will also be required to pass Audit and Assurance whilst tax accountants will be required to pass Australian Taxation Laws. For each of these occupations, this means that eight core subjects are now necessary. Accounting Information Systems has been taken off of the list of mandatory subjects. This is the only knowledge area to have been removed.
It’s important to take careful note of these changes to the Australian Accounting Skills Migration Assessment if you are planning to apply for a visa to work in the accountancy sector within Australia. Don’t hesitate to get in contact with us for further advice and information on any of the topics covered here.
Hello@immigracious.com.au
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