2. Our Journey
2
• Reimagined Quality Assurance Review Program to the CPA Australia Best Practice Program (the program)
• Key Initiatives and Changes
• Assessment Overview
3. Reimagined Quality Assurance Review
MEMBER SUPPORT: INCREASING PROFESSIONAL STANDARDS
3
Fit for purpose
We want to move away from
mere compliance and move
towards education and
support to address problems
before they occur
Risk-based
Assessments will be
selected using an evidence-
based approach from data
obtained from research,
complaints and insurance
data
Support for members
By providing support to
Members to be the best they
can be, increases
professional standards and
helps protect consumers.
4. Key Initiatives and Changes
4
• Peer Consultation
• Self-assessment tool
• Assessment staffing and frequency
• Virtual v face to face assessments
• Technology usage – Best Practice Portal
• Assessors selecting engagement files for assessment
• Support Plans
8. Maintaining compliance with SMO1
• Mapping of SMO1 requirements to CPA Australia assessment methodology
• Annual reviews of mapping and methodology
• Steering Committee oversight
• Benchmarking to peers and member feedback for continual redesign and improvement
• Engagement with IFAC
8
9. More Information
9
CPA Australia Website
https://www.cpaaustralia.com.au/public-practice/your-career-in-public-practice/cpa-australia-best-
practice-program
Email the CPA Australia Best Practice Team
BestPractice@cpaaustralia.com.au
Questions?
Hinweis der Redaktion
International professional & ethical standards
IFAC – International Federation of Accountants
IESBA – International Ethics Standards Board of Accountants
IAASB – International Auditing and Assurance Standards Board
Australian and New Zealand professional & ethical standards
APESB – Accounting Professional and Ethical Standards Board
AASB – Australian Accounting Standards Board
AUASB – Auditing and Assurance Standards Board
Australia and New Zealand regulation of the accounting profession
Regulators – ASIC, ATO, TPB, FMA, PSA
Professional Bodies – CPA Australia, CA ANZ and IPA
Professional association requirements
CPA Australia’s –
Constitution
By-Laws
Professional Standards Scheme
International professional & ethical standards
IFAC – International Federation of Accountants
IESBA – International Ethics Standards Board of Accountants
IAASB – International Auditing and Assurance Standards Board
Australian and New Zealand professional & ethical standards
APESB – Accounting Professional and Ethical Standards Board
AASB – Australian Accounting Standards Board
AUASB – Auditing and Assurance Standards Board
Australia and New Zealand regulation of the accounting profession
Regulators – ASIC, ATO, TPB, FMA, PSA
Professional Bodies – CPA Australia, CA ANZ and IPA
Professional association requirements
CPA Australia’s –
Constitution
By-Laws
Professional Standards Scheme
International professional & ethical standards
IFAC – International Federation of Accountants
IESBA – International Ethics Standards Board of Accountants
IAASB – International Auditing and Assurance Standards Board
Australian and New Zealand professional & ethical standards
APESB – Accounting Professional and Ethical Standards Board
AASB – Australian Accounting Standards Board
AUASB – Auditing and Assurance Standards Board
Australia and New Zealand regulation of the accounting profession
Regulators – ASIC, ATO, TPB, FMA, PSA
Professional Bodies – CPA Australia, CA ANZ and IPA
Professional association requirements
CPA Australia’s –
Constitution
By-Laws
Professional Standards Scheme