Changes to Assessing Criteria from 1 July 2010

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From 1 July 2010 the Institute of Chartered Accountants in Australia assessment criteria for General Skills Migration will be as follows:

A formal qualification assessed as being at least comparable to an Australian Bachelor degree.
Completion of at least 9 out of the 12 core knowledge areas at tertiary level. 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
Corp Accounting & Reporting	compulsory	compulsory	compulsory	compulsory	compulsory	compulsory
Accounting Theory, Professional & regulatory processes	compulsory	optional	compulsory	optional	optional	optional
Cost & Management Accounting	compulsory	compulsory	compulsory	compulsory	compulsory	compulsory
Finance	optional	optional	optional	optional	compulsory	compulsory
Auditing & Assurance	optional	optional	optional	compulsory	optional	optional
Legal Framework & Commercial Law	optional	optional	optional	optional	optional	optional
Corporations Law	optional	optional	optional	optional	optional	optional
Taxation Law	optional	compulsory*	optional	optional	optional	optional
Information Systems Design and Development	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.

If you are applying for General Skills Migration the following documentation is required:

IELTS Academic Test Report Form (TRF) Number to show you have a band score of at least seven (7) on each of the four (4) components – speaking, reading, listening and writing;
or Evidence of completion of the Skilled Migration Internship Program Accounting: (SMIPA)

Please refer to the following information if you are applying for a Temporary 485 Visa

Please note that from 1 July 2010 a successful assessment is valid for two years from the assessment outcome date.

Note: All advice relating to an application for an assessment for the purpose of migration to Australia is subject to confirmation through a formal, individual skills assessment by the Institute of Chartered Accountants in Australia.