Migration Giants

Changes to Assessment criteria (Accountants/External Auditors/Finance Managers/Corporate Treasurer)

Minor changes to the assessment criteria will be implemented with effect from Wednesday 1 July. The total number of core knowledge areas will be consolidated to nine (9) from the current twelve (12):

Pre-July core knowledge Post-July competency areas
Accounting Systems and Processes Accounting Systems and Processes
Financial Accounting Financial Accounting and Reporting
Accounting Theory
Management Accounting Management Accounting
Finance Finance and Financial Management
Commercial Law Business Law
Corporations Law
Economics Economics
Quantitative Methods Quantitative Methods
Accounting Information Systems Removed  no longer required
Auditing Audit and Assurance
Taxation Law or Australian Taxation Law Taxation or Australian Taxation Law

The Degree and English language requirements will remain unchanged.

All assessments, reviews and updates completed on or after Wednesday 1 July will be completed according to the restructured competency areas.

Competency area requirements per occupation

You will need to meet at least seven (7) competency areas for all occupations, with the exception of External Auditors and Taxation Accountants, who will need to meet at least eight (8) as indicated below.

Accountant (General) ANZSCO code 221111, Corporate Treasurer ANZSCO code 221212, Finance Manager ANZSCO code 221212, Management Accountant ANZSCO code 221112

Mandatory  Optional 
Accounting Systems and Processes Audit and Assurance
Financial Accounting and Reporting Taxation Law
Management Accounting
Finance and Financial Management
Business Law
Economics
Quantitative Methods

External auditor 221213

Mandatory Optional
Accounting Systems and Processes Taxation Law
Financial Accounting and Reporting
Management Accounting
Finance and Financial Management
Business Law
Economics
Quantitative Methods
Audit and Assurance

Taxation accountant 221113

Mandatory Optional
Accounting Systems and Processes Audit and Assurance
Financial Accounting and Reporting
Management Accounting
Finance and Financial Management
Business Law
Economics
Quantitative Methods
Australian Taxation Law

Source: https://www.cpaaustralia.com.au/become-a-cpa/migration-assessment