Historic MoU signing with TEQSA

TEQSA MOU

We have signed a Memorandum of Understanding (MoU) to share information with the Tertiary Education Quality and Standards Agency (TEQSA), Australia's higher education regulator. This is only the second MoU that TEQSA has signed with a professional body.

Both parties have agreed to put in place protocols to share information relating to the accreditation of accounting programs, the registration of higher education providers, and other matters as necessary. 

CPA Australia accredits approximately 710 accounting programs from 217 higher education providers around the world to ensure the quality of accounting programs remains high and relevant to industry and the profession’s needs. Completion of an accredited program allows graduates to gain Associate membership and commence the CPA Program – the further study and practical experience necessary to become a professional accountant. TEQSA registers 172 providers of higher education across Australia and evaluates their performance against the Threshold Standards, which all providers must meet in order to enter and remain within Australia’s higher education system.

Participation in this MoU is in keeping with the intent of both CPA Australia and TEQSA to reduce the potential for regulatory "double handling" for providers offering accountancy programs. Robert Thomason, Executive General Manager – Education, CPA Australia, said that he sees the signing as an important first step towards more harmonised relations.

For further information on this historic MoU, visit the TEQSA website.

Through professional accreditation, CPA Australia recognises higher education award based programs that meet the knowledge requirements for Associate membership and CPA Program professional level commencement.

CPA Australia accredits close to 700 accounting programs around the world and partners with 204 higher education providers to ensure the quality of accounting programs remains high and relevant to industry and the profession’s needs.

Locations

We currently accredit programs in the following locations:

Australia China  Cyprus
Fiji Hong Kong India
Indonesia Malaysia Macau 
Mauritius New Zealand
Oman
Papua New Guinea Singapore Sri Lanka
Thailand United Kingdom Vietnam

Benefits

Benefits of professional accreditation with CPA Australia:

  • attracts prospective students to your accounting programs
  • provides assurance to prospective students and employers of a quality higher education provider and accounting program
  • gives higher education providers guidance and visibility of benchmarks and standards expected by the professional bodies of their award based programs
  • provides a streamlined pathway to professional membership – completion of an accredited program allows graduates to gain Associate membership and commence the CPA Program professional level
  • ensures graduates are qualified to undertake entry-level accounting roles
  • provides another networking, advocacy and site visit opportunity between higher education providers and the professional bodies regarding educational matters

Refer to the Australian accreditation guidelines for more information on the benefits, objectives and principles of professional accreditation.

How to apply for accreditation

Higher education providers seeking to have their programs accredited by CPA Australia should:

  • become familiar with the relevant CPA Australia accreditation guidelines, which outline the minimum requirements and associated submissions processes for accreditation of programs
  • complete the submission application by using the editable templates in the accreditation guidelines and provide the supporting documentation to CPA Australia

Higher education providers in Australia and New Zealand

CPA Australia coordinates with the Chartered Accountants Australia and New Zealand to accredit accounting programs in Australia for the profession. This coordinated approach includes common professional accreditation guidelines, assessments, site visits and annual report processes.

Higher education providers outside Australia

The accreditation guidelines for providers outside Australia have recently been updated. Providers who are applying for accreditation of a program for the first time, or for reaccreditation of a program, should use the editable templates in the current guidelines for the submission.

Ongoing accreditation requirements for providers

Each year during the five year accreditation period, providers will be requested to supply updated subject tables through the annual report template detailed in the Australian accreditation guidelines. The subject table information is used to update the accreditation database to ensure that when students start on their journey to become a CPA and need to have their qualifications assessed that we have accurate information on their qualifications.

Frequently asked questions

The frequently asked questions, detailed in the Australian accreditation guidelines, should cover everything providers need to know about the requirements, processes and on-going obligations for accredited programs. For any additional questions, email accreditation@cpaaustralia.com.au for guidance.

Taxation, auditing and assurance

CPA Australia will accept accreditation submissions for programs that do not include the knowledge areas of taxation or auditing and assurance. However, students must still have the opportunity to study these subjects as part of their studies through the higher education provider. These knowledge areas may be completed as part of CPA Program professional level studies.

Credit transfer, recognition of prior learning and conceded pass policy

CPA Australia acknowledges the autonomy of higher education providers in granting credit transfers, recognition of prior learning or conceded passes in their own degree programs.

CPA Australia encourages higher education providers to refer to the Australian Qualifications Framework Second Edition January 2013 (PDF) for further guidance.

These policies came into effect from 1 January 2009. Individuals seeking a reassessment of their qualifications should contact memberservice@cpaaustralia.com.au