Untitled - Confederation of Asian and Pacific Accountants

MEMBERS UPDATES
AUSTRALIA
transitioning out of their current practice by reducing some
of the associated fees of holding a PPC.
• The requirements for members to hold a PPC will only apply
when a member earns more than $25,000 per annum
(previously $7,500 per annum).
2. Reducing Public Practice Certificate (PPC) fees
• PPC annual fees will be reduced by 65 per cent; from $314
to $110.
• The application fee for a PPC will be abolished. Previously,
the fee was $135.
• Members who are unsure whether they want to make a career in
public practice will be able to enrol in the Public Practice
Distance Learning Program (to be renamed Practice
Management Distance Learning Program) and be able to
obtain a LPC, leaving the door open to obtaining a PPC by
completing the Public Practice Program within five years.
Members who only want to provide part-time services
and do not plan to earn more than $25,000 per annum
from public accounting services can complete the Limited
Practice Management Distance Learning program.
3. Enhancing CPA Australia branding
New branding guidelines and contemporary certificates for public
display will be distributed in the next month to all current PPC
holders.
The branding guidelines have been revised to encourage public
practice members to maximise their branding as a CPA Australia
practice and benefit from the recognition it enjoys. The revisions
include more flexible use of the Public Practice logo on member
stationery, new guidance on the use of the logo in advertising
and more.
(Extracted from CPA Australia Website)
Institute Launches New Mentoring Program
September 11, 2006 - The Institute of Chartered Accountants in
Australia (ICAA) announced a new Practical Experience program
which makes on-the-job mentoring a key element of becoming a
Chartered Accountant.
to meet the International Federation of Accountants recently
released standard that requires a structured, competency-based
approach to developing the practical knowledge, skills and values
of a professional accountant.
The structured three-year Practical Experience program is
undertaken in conjunction with two years formal study in the
Chartered Accountants Program, after which graduates are
awarded the Graduate Diploma of Chartered Accounting.
“Mentoring has been found to have a positive effect on career
growth and staff retention in the workplace. Working with a
mentor in real situations helps candidates build confidence and use
their knowledge and skills to solve problems, and make informed
decisions,” said Sheena Frenkel, General Manager Chartered
Accountants Program and Admissions, ICAA.
This new approach to Practical Experience is being launched
Candidates starting the Chartered Accountants Program from
October this year, will track the attainment of key workplace
competencies using an activity logbook, which they will review
quarterly with their mentor. All resources, including the logbook,
have been designed so that they can be easily integrated within
an organisation’s existing staff performance system.
The Institute completed a three-month pilot of the new program
with 24 candidates and mentors in March this year to ensure
the framework was user-friendly, flexible and clearly delivered
additional benefits to candidates, enhanced mentors’ skills and
added value to the profession.