CPA 202 Limited Practice Certificate aims to help members evaluate and make an informed decision regarding entering public practice, including the role and responsibilities of a public practitioner in the enhancement of both the quality and efficiency of services they provide.
A major component is the Code of Ethics for Professional Accountants and By-Laws relating to public practice.
Module 1: An introduction to public practice
What is public practice?
How has public practice changed in recent years?
What does public practice involve?
Is public practice for me?
Managing yourself and your practice
Operating as a sole practitioner
Module 2: Ethics and professionalism in public practice
Ethical issues in accounting
Understanding ethics
Why be concerned with ethics?
Professional ethics and the Code of Ethics for Professional Accountants
Module 3: Risk management and quality control
Risk management and quality control in your practice
Self-regulation discipline principles
Liability and insurance
Module 4: Professional standards and licensing requirements
Professional standards for specific practice areas
Licensing requirements in Australia
Module 5: Overview of general purpose financial report disclosures
