A digital tool to assist public practitioners prepare a compliance manual (risk management framework (RMF)) for their business was launched 29 March 2019. The tool guides CPAs working in public practice through the process to ensure compliance with APES 325 Risk Management for Firms.
Quality Review Program
A digital solution for the quality review program, Phase 1 launched 18 March 2019.
Public practitioners selected for review in second half of 2019 can complete their Member Profile Statement online, replacing paper process, saving time and reducing costs.
Phase 2, which incorporates additional functionality will be introduced for first round of reviews in 2020.
Regulatory burden white paper
Consult with members on the increasing impact of regulatory requirements with a view to producing a white paper to present to government and the profession.
CPA Australia sent a Green Paper and survey to members in April seeking feedback.
Professional Standards Scheme application
December 2018 – CPA Australia lodged an application with the Professional Standards Councils for a new Professional Standards Scheme (PSS) to replace the current scheme that is due to expire in December 2019.
The PSS promotes, upholds and improves professional and ethical standards, protects public interest and limits the occupational liability for participating members.
The Scheme was approved for public notification on 12 April – and is open for public comment until 15 May 2019. Further details available on Professional Standards Schemes web page.