Understanding Public Accountants (IPAs)
What is the Institute of Public Accountants (IPA) (Introduction)?
The Institute of Public Accountants (IPA Group) includes the Institute of Public Accountants (IPA), the Institute of Financial Accountants (IFA) and the Australian Association of Accounting Technicians (AAT), headquartered in Melbourne, Australia, and approved by the International Federation of Accountants (IFAC). It is a large-scale accounting professional group that provides high-quality services to small and medium-sized firms/small and medium-sized enterprises around the world recognized by the Confederation of Accountants in Asia Pacific (CAPA), representing the interests of more than 46,000 members and students from more than 100 countries and regions.
The full name of IPA is the Institute of Public Accountants Institute, one of the three professional accountants with the same legal status recognized by the Australian government, and a skilled immigration assessment agency designated by the Australian Immigration Bureau. It is fully recognized by the Australian federal law and state laws. The members of the association are Qualified accountants recognized by the Australian government, and members of the association have equivalent status under the regulations of the Australian Securities and Investments Commission (ASIC). Members who hold the formal membership of IPA are legally qualified accountants in Australia and can use the title of Australian Certified Public Accountant.
Why take the Public Accountant (IPA) exam? Advantages of IPA?
-
From an international perspective.
As a full member of the International Federation of Accountants (IFAC) , he has the same qualifications as an international certified public accountant with the same reputation as ACCA and CGA, and has the right to sign international financial reports; obtaining IPA membership means obtaining an accountant qualification of international standards.
-
From the perspective of China.
The mainstream and direction of our new accounting standards is to converge with the International Financial Reporting Standards. At the same time, it is proposed to speed up the pace of international convergence, and it is a trend to have international qualifications;
-
From the perspective of regional governments.
Now the AICPAs in various regions are also actively responding to the call of the AICPA, speeding up exchanges and mutual visits with international professional associations. For example , IPA has established relationships with Shanghai IPA , Black IPA, Zhejiang IPA, etc.;
-
From the perspective of personal career development and academic education.
Provide convenience for skilled immigration, increase salary, increase overseas business expansion competitiveness, expand personal connections, and provide an international service platform for individuals in terms of professional and industry dynamics.
Exam registration
1. Registration conditions
-
Junior Public Accountant (AIPA)
· A full-time three-year college degree in accounting or related majors, with less than eight years of financial related work experience; or
· Bachelor degree in accounting or related major, with less than five years of financial related work experience; or
· A postgraduate student majoring in finance and accounting, with less than two years of financial related work experience. -
Public Accountant (MIPA)
· A full-time three-year college degree in accounting and related majors and more than eight years (inclusive) of financial related work experience; or
· Bachelor degree in finance and accounting related majors and more than five years (inclusive) of financial related work experience; or
· Postgraduate degree in finance and accounting related majors and more than two years (inclusive) of financial related work experience; or
· Hold full membership qualifications of the International Federation of Accountants (IFAC) or the Confederation of Asia Pacific Accountants (CAPA) full member organizations. -
Senior Public Accountant (FIPA)
* Channel 1: Education and work experience a. Hold a postgraduate degree or above in accounting major or accounting-related major recognized by IPA ; and
b. Have more than 15 years of financial related work experience, including 5 years More than 10 years of senior management experience ;* Channel 2: Senior management experience holds a higher education degree , and meets one of the following:
a. Large and medium-sized enterprise executives : have more than 15 years of corporate finance-related work experience, including senior management of large and medium-sized enterprises At least 6 years of experience, currently a senior manager of the organization ;
b. Senior professionals
2. Exam subjects/methods
test subject
"Business Data
Application"
International Financial
Reporting Standards
Code of Ethics for
International Accountants
Assessment method
Online training
assessment
closed book test
open book test
3. Exam Exemption
1)Applicants who meet one of the following conditions can pass the assessment and be exempted from the professional ability test of the corresponding subjects :
-
a
Higher education has studied the core content of the corresponding subjects and obtained credits
-
b
Professional training or training has studied the corresponding subjects and obtained a certificate of completion
-
c
Passed the major Examination , which can prove the content of the subject