Publication date: 23 Jan 08 |
Source: THE TAX INSTITUTE
CPA Australia and the Taxation Institute of Australia have entered into a formal agreement that provides mutual recognition for their respective tax credential programs.
Under the agreement, which is effective from 1 January 2008, CPA Australia will recognise graduates of the Taxation Institute’s Applied Tax course (the intermediate level of the Structured Education Program) as exempt from undertaking the Taxation Segment, an elective segment of the CPA Australia CPA Program.
The Taxation Institute will recognise CPA Australia members and graduates, who additionally have three years’ work experience in tax, as having satisfied the educational requirements for entry as an Associate Member and for entry to its Advanced Tax course. Successful completion of the Taxation Institute’s Advanced Tax Course will satisfy the educational requirements to become a Fellow Member of the Taxation Institute.
CPA Australia’s Chief Executive Officer, Geoff Rankin said ‘This agreement is about improving the capacity and skills of tax specialists. It benefits not only the members of both organisations but also business and the public.’
The Chief Executive Officer of the Taxation Institute of Australia, Noel Rowland, said. ‘I am very pleased to see our two strong member-focused organisations put together an agreement to offer flexibility and choice in tax training. The agreement will help maintain high ethical and professional standards.’