External Reporting Centre of Excellence

Centre of Excellence members must possess extensive financial reporting and/or audit and assurance expertise, and are typically from one of the following groups:

  • chief financial officer or equivalent from large corporations, with significant involvement in the financial reporting function
  • senior public sector staff, including the auditor general's office, with extensive financial reporting and audit and assurance expertise
  • public practitioners, ranging from sole practitioners to partners of large professional accounting firms
  • senior technical staff within professional accounting firms, standard-setters or regulators with significant involvement in financial reporting or audit and assurance, professional and ethical standards, or
  • academics specialising in financial reporting or audit and assurance, professional and ethical matters.

Retirement Savings Centre of Excellence

Centre of Excellence members must possess extensive experience or knowledge in one or more of the following topics:

  • superannuation
  • self-managed superannuation funds
  • adequacy of retirement savings
  • pensions and income streams
  • financial advice, or
  • retirement savings and financial advisory services policy.

This experience could have been achieved in various ways, for example, through working for industry, corporate and retail funds, self-managed superannuation funds, financial institutions, professional accounting firms, regulators, and universities.

Environmental, Social and Governance Centre of Excellence

Centre of Excellence members must possess extensive experience and knowledge in areas such as external reporting, business resilience, risk (including operation and legal liability) and performance; and are typically from one of the following groups:

  • senior managers of corporations, government business enterprises and public sector agencies having significant environmental and social impacts corporate governance specialists
  • senior managers involved in both financial and non-financial disclosure and/or assurance
  • consultants on sustainability and corporate social responsibility, or
  • academics specialising in ESG and sustainability matters.

Taxation Centre of Excellence

Centre of Excellence members must possess extensive tax policy, law or administration expertise and will typically be from one of the following groups:

  • a taxation partner with a Big Four or second-tier accounting firm
  • senior tax technical staff within professional accounting firms
  • a principal or partner with a small tax practice with very strong expertise in taxation administration
  • a principal or partner with a small tax practice with highly specialised tax knowledge in fields such as indirect tax, transfer pricing or the R&D tax incentive
  • academics specialising in taxation, or
  • a senior tax manager or equivalent from a large corporation.

Members are expected to contribute towards discussions on tax policy, law and administration issues, and may be asked to represent CPA Australia on tax issues where they have specialised knowledge.

Ethics and Professional Standards Centre of Excellence

Centre of Excellence members must possess extensive knowledge of/experience in one or more of the following topics:

  • the Code of Ethics for Professional Accountants and other related professional standards
  • the development, implementation, monitoring and enforcement of ethical codes and frameworks
  • emerging issues in technology and artificial intelligence which may impact ethical decision -making models
  • the regulatory environment and the symbiosis which exists between ethics, law and regulation, or
  • governance frameworks and the relationship between corporate and organisational culture, behaviour and ethics.

This experience can have been attained in various ways, for example, through working for financial institutions, professional accounting firms, regulators, standard-setters and universities.

Digital Transformation Centre of Excellence

Centre of Excellence members must possess extensive experience in/knowledge of at least one of the following:

  • business transformation enabled by technology
  • implementing innovative business processes
  • establishing a fintech start-up
  • accounting information systems
  • business intelligence software
  • big data
  • emerging technology (e.g. distributed ledger technology, blockchain)
  • Internet of Things
  • cyber security
  • data analytics
  • artificial Intelligence
  • cloud computing.

This experience can have been attained in various ways, for example, through working for fintech start-ups, financial institutions, professional accounting firms, regulators, standard-setters and universities.