Recognised accounting qualifications

The Institute of Chartered Accountants Australia (the Institute) recognises that not all skills assessment applicants have the same accounting qualifications. The below guide outlines the differences and what is required.
  1. Graduates with an Australian or Overseas Tertiary Qualification
  2. Members of Fully Recognised Overseas Accounting Bodies
  3. Not a member of any of the listed accounting bodies?

The following applies for Graduates with an Australian and/or Overseas Tertiary Qualifications:

  • Graduates with an Australian qualification: the Institute recognises graduates with a Bachelor degree or 12 unit accredited Masters degree in accounting/business/commerce or economics from a recognised Australian University.
  • Graduates with overseas tertiary qualifications: to assess the general education level of overseas tertiary qualifications the Institute adheres to the guidelines of the National Office of Overseas Skills recognition (AEI-NOOSR), an Australian government body.

> View a list of Institute accredited courses

When it has been established that your qualifications are comparable to at least the level of an Australian Bachelor degree, the Institute then examines individual subjects to determine coverage of the required core knowledge areas.

Each nominated occupation has 4 compulsory core knowledge areas and 5 optional areas - please refer to the table below.

Core Knowledge Areas

ACCOUNTANT GENERAL
221111

TAXATION ACCOUNTANT
221113

MANAGEMENT ACCOUNTANT
221112

EXTERNAL AUDITOR
221213

FINANCE MANAGER 132211

CORPORATE TREASURER
221212

Accounting Systems and Processes compulsory compulsory compulsory compulsory compulsory compulsory
Financial Accounting compulsory compulsory compulsory compulsory compulsory compulsory
Accounting Theory compulsory optional compulsory optional optional optional
Management Accounting compulsory compulsory compulsory compulsory compulsory compulsory
Finance optional optional optional optional compulsory compulsory
Audit & Assurance optional optional optional compulsory optional optional
Commercial Law optional optional optional optional optional optional
Corporations Law optional optional optional optional optional optional
Taxation Law optional compulsory* optional optional optional optional
Accounting Information Systems optional optional optional optional optional optional
Economics optional optional optional optional optional optional
Quantitative Methods optional optional optional optional optional optional

* Australian Taxation Law is compulsory only for this code – local tax law is optional for all other codes.

Please note that practical experience in a core knowledge area is not accepted as an alternative to formal tertiary study.

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Members of fully recognised overseas accounting bodies

The Institute has reciprocal agreements with the following overseas accounting bodies:

  • The Institute of Chartered Accountants in England & Wales
  • The Institute of Chartered Accountants of Scotland
  • Chartered Accountants Ireland
  • Canadian Institute of Chartered Accountants (including members of associated provincial and territorial institutes)
  • A legally constituted State Authority in the United States of America (the person having CPA status)
  • The South African Institute of Chartered Accountants
  • The New Zealand Institute of Chartered Accountants (College of Chartered Accountants member)
  • The Hong Kong Institute of Public Accountants

Current Members of these professional bodies will, in general, be assessed as having a suitable skills assessment for migration purposes. For more information visit our article on Members of recognised overseas accounting bodies.

Please note that student members of these bodies without a recognised Bachelor degree should only apply when they have become a full member.

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Not a member of any of the listed accounting bodies?

The Institute will assess studies undertaken with an accounting body that is not listed above along with any other tertiary studies to determine comparability to an Australian Bachelors degree, and adequate coverage in the 9 core knowledge areas required for the nominated occupation as per the ANZSCO codes listed above.

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Article last updated 31 October 2014