The Institute of
Chartered Accountants in Australia (ICAA) is
one of the 3
professional accounting bodies in Australia and is
a designated assessing
authority for the ASCO occupations of
Accountant, Corporate
Treasurer, External Auditor and Finance
Manager.
To be considered
suitable for any of these occupations for the
purpose of migration,
you must hold formal qualifications
assessed by the ICAA
as at least comparable to the level of an
Australian Bachelor
degree. When it has been established that
your qualifications
are comparable to an Australian Bachelor
degree, the ICAA then
examines individual subjects to
determine the coverage
of required core knowledge areas.
Successful applicants
are required to have adequate coverage
in at least 9 of the
12 core knowledge areas. These areas are:
Accounting Systems and
Processes; Corporate Accounting and
Reporting; Accounting
Theory (Professional and Regulatory
Processes); Cost and
Management Accounting; Corporate
Finance; Auditing and
Assurance; Introduction to Law and
Commercial Law;
Australian Company Law; Australian Taxation
Law; Information
Systems Design and Development;
Economics (micro and
macro) and Quantitative Methods. It is
important to note that
practical experience is not accepted as
an alternative to
formal tertiary study.
Although, in general,
you can apply to any of the 3 professional
accounting bodies it
is recommended that you apply to the
ICAA or the NIA for
skills assessment, if you are an Associate or
a Fellow member of
ACCA (Association of Chartered Certified
Accountants) (UK) or
CIMA (The Chartered Institute of
Management
Accountants) (UK) but you do not hold an
undergraduate degree.
Please refer to the ICAA website
accounting
qualifications recognised by the ICAA.
When the ICAA has
completed your skills assessment, it will
send you a letter
indicating whether your qualifications are
suitable or not
suitable for the purpose of migration to
Australia under
General Skilled Migration. If your letter of
assessment states that
your qualifications are suitable for your
nominated occupation,
you must include it with your
application for
General Skilled Migration. Your letter of
assessment will also
contain further information about how to
become a member of the
ICAA. If you intend to seek admission
to the membership of
the ICAA, you will be required to
undertake further
university studies (at least in Australian
Company and Taxation
Law). Unless you are a full current
member of an
accounting body with which the ICAA has
reciprocal membership,
you will also be completing the ICAA’s
post-graduate program,
the CA Program before becoming a
member. A period of
approved mentored experience may also
be necessary.
If your letter of
assessment indicates that your qualifications are
not suitable for the
purpose of migration to Australia under
General Skilled
Migration, you should not proceed with a
migration application.
In this case your letter of assessment will
provide information
about required further study to bridge
your knowledge to meet
the current educational criteria for
your nominated
occupation. Further information about the
recognition of
overseas accounting qualifications, assessment
process and about how
to apply is provided on our website
for the skills
assessment from the ICAA website.