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Your public practice firm
Content Summary
Starting your practice
Before starting your own practice there are some key considerations and obligations to take into account
- Practice management
Firm structures
Choosing the right structure for your firm can be a complex process
- Business management
- Practice management
Professional indemnity insurance
Members offering public accounting services must hold professional indemnity insurance (PII). This requirement also applies to services provided on a private, honorary, pro-bono or voluntary basis. Note: only fully qualified members, that is, those holding a CPA or an FCPA designation may provide public accounting services.
- Public practice
- Practice management
Professional Standards Scheme
The current Professional Standards Scheme commenced across Australia on 21 August 2025 for a period of 5 years.
- Accounting systems and processes