Accountants and GSM Changes

May 31, 2010

Please find below information regarding changes to Accountant related Skills Assessments and General Skilled Migration (GSM) Skilled Occupation List.

Assessment Changes Occurring on July 1, 2010.

ICAA, CPA & NIA have announced some changes to the Skills Assessment Criteria from 1 July 2010, these will be as follows:

A formal qualification that is assessed at least as comparable to an Australian Bachelor degree.
Completion of at least 9 out of the 12 core knowledge areas at tertiary level. Each nominated occupation has 4 mandatory core knowledge areas - please refer to the table below (Still based on ASCO Codes, until legislative changes).

Core Knowledge Areas	ACCOUNTANT 2211-11	FINANCE MANAGER 1211-11	CORPORATE TREASURER 2213-11	EXTERNAL AUDITOR 2212-11
Accounting Systems and Processes	compulsory	compulsory	Compulsory	compulsory
Corp Accounting & Reporting	compulsory	compulsory	compulsory	compulsory
Accounting Theory, Professional & regulatory processes	compulsory	optional	optional	optional
Cost & Management Accounting	compulsory	compulsory	compulsory	compulsory
Finance	optional	compulsory	compulsory	optional
Auditing & Assurance	optional	optional	optional	compulsory
Legal Framework & Commercial Law	optional	optional	optional	optional
Corporations Law	optional	optional	optional	optional
Taxation Law	optional	optional	optional	optional
Information Systems Design and Development	optional	optional	optional	optional
Economics	optional	optional	optional	optional
Quantitative Methods	optional	optional	optional	optional

IELTS Academic Test Report Form (TRF) number for validation that you have a band score of at least seven (7) on each of the four (4) components - speaking, reading, listening and writing. (Academic Test). Please note that a successful assessment is valid for two (2) years from the date of assessment.
NOTE: Applications received before 1 July 2010 will be assessed against the current criteria. Even if unsuccessful, as long as you resubmit the new assessment by 31st Dec, 2010.

GSM Changes Occurring July 1, 2010 (Draft - to be legislated)
On July 1, 2010 DIAC have proposed some legislative changes to change the current SOL, and change from ASCO to ANZSCO codes (for GSM applications only).

For Accountant Related occupations this means:

ASCO Code	Old SOL	ANZSCO Code	New SOL	Match
2211-11	Accountant	2211-11	Accountant (General)	Partial
None		2211-12	Management Accountant	Partial
None		2211-13	Taxation Accountant	Partial
2212-11	Accountant - External Auditor	2212-13	External Auditor	Identical
2212-13	Accountant - Internal Auditor	2212-14	Internal Auditor	Identical
1211-11	Finance Manager		Not on new SOL
3211-11	Branch accountant (Financial Inst)		Not on new SOL
2213-11	Corporate Treasurer		Not on New SOL

Transitional Arrangements:

If you have a partial skills assessment pre-July 1, then you will be assessed by the pre-July 1 criteria. In other words even if you lodge a skills assessment that "fails" (i.e. advises you require additional subjects) but later complete the required additional subjects, you can still get positive skills assessment without having to satisfy IELTS. Therefore, I recommend where possible to lodge a skills assessment pre-July 1. If possible lodge a fast track application (can be done in 5 working days).
Note: You may still require IELTS to gain the required points for PR depending on the new Points Test, and your individual circumstances. Note: If you are studying onshore, and require skills assessment for 485 visa, this may be your only chance to gain some time for PR.

Contact me to discuss your potential visa application.

Internal Auditor
jimmylee - June 18, 2010, 2:15 pm

Dear,
I complete Bachelor of Accounting in Latrobe University. Is it qualified to get skills Internal Auditor ASCO CODE 2212-13 ?
Regard
Internal Auditor
Fred Molloy, RMA - http://www.konnecting.com - June 22, 2010, 4:22 pm

Hi Jimmy,

Can you send me your degree certs, academic transcripts, resume, and current visa details. I also refer you to changes in Accounting body assessments from July 1 - http://www.konnecting.com/news/185/157/Accountants-and-GSM-Changes

I will be in contact about your migration options, and your query.

Fred Molloy:
MARN: 0853698
Law/Internal Auditor for Migration
gemma - September 15, 2010, 2:02 am

Please can you advise if a UK law degree (LLB) and 5 years working as an internal audtor for a local government would qualify- if so how would we go about providing supporting documentation to prove the work experience?

thanks