Skill Level: 1 | Assessing Authority: IPA
Job description
Designs and operates information and reporting systems, procedures and controls to meet external financial reporting requirements. Registration or licensing may be required.
Job Duties
Highly relevant tasks include, but are not limited to:
- arranging, giving notice of and attending meetings of directors and shareholders
- advising organisations’ governing boards on matters concerning compliance with stock exchange listing rules, relevant legislation and corporation practice
- supervising organisations’ share capital by preparing documents and share issues, and handling share transfers
- controlling treasury and treasury systems and establishing and reviewing risk management objectives and treasury policies
- identifying, managing and reporting on financial risks
- assisting with equity management, debt management, securities and taxation planning issues
- collecting, analysing and interpreting information on the financial standing, cost structures and trading effectiveness of organisations
- devising, re-organising and establishing budgetary cost control and other accounting systems such as computer-based systems
- conducting audits and investigations and preparing financial statements and reports for management, shareholders, and governing and statutory bodies
- evaluating the cost effectiveness and risks of operational processes, activities, policies and systems
- reporting to management on the existence and effectiveness of the system of internal controls
- establishing audit objectives, and designing and implementing audit methodologies, processes and audit report criteria
Qualification Assessments Criteria
To meet the educational requirements, your qualification with a major in accounting or a related discipline must be rated as comparable in both content and standard to an Australian bachelor’s degree. Your qualification must provide sufficient covering of the core knowledge areas listed below.
- Basic Accounting
- Cost & Management Accounting
- Financial Accounting & Reporting
- Financial Management
- Economics
- Business Law (including Corporate Law)
- Statistics
- Auditing & Assurance
English Language Requirement
The English language requirement for the skills assessment mandates a specific level of proficiency. For tests completed on or after 6 August 2025, you are required to meet one of the following criteria:
|
Test component |
Pearson (PTE) Academic |
IELTS Academic* |
TOEFL iBT |
Cambridge C1 Advanced |
|
Listening |
58 |
7.0 |
22 |
175 |
|
Reading |
59 |
7.0 |
22 |
179 |
|
Writing |
69 |
7.0 |
26 |
193 |
|
Speaking |
76 |
7.0 |
24 |
194 |
English Language Requirement Exemption
If you have completed a bachelor’s degree in Australia and have also finished the Professional Year Program, you may be exempt from the English language requirement. To qualify for this exemption, you must submit your program completion certificate and transcript.
Skills Employment Assessment Requirement
Before applying for a skills employment assessment, you must first acquire a successful qualification assessment outcome from the accessing authority.
Your employment must meet the following requirements:
- is closely related to the ANZSCO occupation for which you have received a successful skills assessment outcome.
- was undertaken within the last ten years
- was undertaken after you have completed a formal qualification, recognised as equivalent to an Australian bachelor's degree
- is paid at market rate and continuous for a minimum of 20 hours per week.
- is a minimum of one year of employment in total, for at least three months per role
