Financial Accountability Regulation 2019
sec.5Appropriate qualifications for nomination to be head of internal audit— Act , s 78
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sec.5 Appropriate qualifications for nomination to be head of internal audit— Act , s 78
For section 78 (3) of the Act , definition appropriately qualified , the qualifications prescribed are— a qualification as a professional member of the Institute of Internal Auditors Australia ACN 001 797 557; or a qualification as— a certified practising accountant conferred by CPA Australia Ltd ACN 008 392 452; or a chartered accountant conferred by Chartered Accountants Australia and New Zealand ARBN 084 642 571; or a member of the Institute of Public Accountants Ltd ACN 004 130 643 who is entitled to use the letters ‘MIPA’ or ‘FIPA’; or a qualification from an overseas accounting body that is recognised by at least 2 of the entities mentioned in paragraph (a) or (b) as equivalent to a qualification mentioned in those paragraphs.
- (a) a qualification as a professional member of the Institute of Internal Auditors Australia ACN 001 797 557; or
- (b) a qualification as— (i) a certified practising accountant conferred by CPA Australia Ltd ACN 008 392 452; or (ii) a chartered accountant conferred by Chartered Accountants Australia and New Zealand ARBN 084 642 571; or (iii) a member of the Institute of Public Accountants Ltd ACN 004 130 643 who is entitled to use the letters ‘MIPA’ or ‘FIPA’; or
- (i) a certified practising accountant conferred by CPA Australia Ltd ACN 008 392 452; or
- (ii) a chartered accountant conferred by Chartered Accountants Australia and New Zealand ARBN 084 642 571; or
- (iii) a member of the Institute of Public Accountants Ltd ACN 004 130 643 who is entitled to use the letters ‘MIPA’ or ‘FIPA’; or
- (c) a qualification from an overseas accounting body that is recognised by at least 2 of the entities mentioned in paragraph (a) or (b) as equivalent to a qualification mentioned in those paragraphs.
- (i) a certified practising accountant conferred by CPA Australia Ltd ACN 008 392 452; or
- (ii) a chartered accountant conferred by Chartered Accountants Australia and New Zealand ARBN 084 642 571; or
- (iii) a member of the Institute of Public Accountants Ltd ACN 004 130 643 who is entitled to use the letters ‘MIPA’ or ‘FIPA’; or