This is a commerce forum, not a science one.Nebuchanezzar said:Hmm, either...
Biological Anatomical Anthropology or Pharmacology or Biochemistry or Chemistry in a B.Sc/B.Ed at UNSW.
wow, thats a hard one; Finance or business law, business law would be great since you can learn more about the corprations act which can be good for assurance, but Finance is interesting to a great extent wow that is a hard pickseremify007 said:B Comm (UNSW)
Major in Accounting and something else*
* Yet to be decided; either Finance (more likely) or Business Law
One of the insolvency partners at Ferrier Hodgson had a double major in Accounting and Business Law. Don't know if that means much, but I haven't come across a Business Law major otherwise...seremify007 said:B Comm (UNSW)
Major in Accounting and something else*
* Yet to be decided; either Finance (more likely) or Business Law
HATED Consolidation....disgusting!Conspirocy said:B Com / B Econ (UNSW)
Accounting, Inernational Bussiness, Economics
really hating consolidation right now!
I don't know if that is true...As stated earlier, I am sure it is quite relevant for Insolvency, not sure about Audit.AppleXY said:wow, thats a hard one; Finance or business law, business law would be great since you can learn more about the corprations act which can be good for assurance, but Finance is interesting to a great extent wow that is a hard pick
Nice.little-rat-boi said:Major is obviously 'International Business with Marketing and Sociology'
Degree called Bachelor of International Business at Macquarie University
Both you guys are correct I think, both Registered Company Auditors and Registered and Official Liquidators/Receivers/External Administrators (Insolvency) have to do at least 3 years of Uni Accounting and 2 years of Commercial Law.AppleXY said:Oh sorry redruM, I didn't know.. I thought u need it coz wen I read auditor's Declaration it goes "in the Financial Report [Woolworths Limited] is in accordance with, (a) the corprations act 2001 including..." so I thought u needed knowledge of business law.
Source: Woolworths Limited, 2005 Annual Report, Page 112, Independent Audit Report by Deloitte.
ASIC for Auditors said:Educational qualifications
You must hold a degree, diploma, or certificate from a prescribed university or institution listed in the regulation that includes 3 years of accounting (including auditing) and 2 years of commercial law (including company law). For a list of the prescribed universities and institutions, see regulation 9.2.02.
You must also complete one of the specialist courses in auditing prescribed in regulation 9.2.03: this regulation prescribes various courses run by the ICAA, CPA Australia and the NIA as being acceptable.
In addition, we may decide that other qualifications and experience are equivalent to the above educational requirements.
ASIC for Liquidators etc said:Qualifications: s1282(2)(a)
[PS 186.7] To meet this requirement, you must satisfy us that you:
(a) are a member of an Australian accounting body listed in
s1282(2)(a)(i) or an overseas accounting body listed in reg 9.2.04;
(b) have a qualification that falls within s1282(2)(a)(ii) from an Australian
university or tertiary institution listed in reg 9.2.02; or
(c) have ‘equivalent’ qualifications and experience (s1282(2)(a)(iii)).
[PS 186.8] In this policy statement, we refer to membership under
s1282(2)(a)(i) and Australian qualifications under s1282(2)(a)(ii) as ‘standard’
qualifications. That is, if you are within one of those categories, you will
automatically satisfy the base qualifications required under s1282(2)(a).
‘Standard’ qualifications: s1282(2)(a)(i) and (ii)
[PS 186.9] For s1282(2)(a)(i), we interpret ‘member’ as referring to
a full member entitled to all the privileges and subject to all the
obligations of membership of the relevant body.
EXTERNAL ADMINISTRATION: LIQUIDATOR REGISTRATION
[PS 186.10] If you are relying on s1282(2)(a)(ii), the subjects completed
for your qualification must comprise:
(a) a 3-year course of study in accountancy; and
(b) a 2-year course of study in commercial law (including company law).
[PS 186.11] To meet s1282(2)(a)(ii), you will need to provide us with
certification from the university or tertiary institution you attended that
the subjects you completed for your qualification comprise those
courses of study, unless we have a standing certification from that
university or institution.
Note: A standing certification means that the university or tertiary institution has
certified to us the combinations of subjects at that university or institution that
comprise a 3-year course of study in accountancy and a 2-year course of study in
commercial law (including company law).
[PS 186.12] The content of courses of study for qualifications that fall
within s1282(2)(a)(ii) will usually have been determined in consultation
with one or more of the professional accounting bodies. We expect that, as
a minimum, these courses of study will include subjects (by whatever
name) dealing with:
(a) for accountancy—Australian accounting and auditing standards,
financial and corporate accounting; cost and management
accounting; and corporate finance; and
(b) for commercial law—introductory contract law, torts and trust law;
and introductory Australian business, corporations and taxation law.
‘Equivalent’ qualifications: s1282(2)(a)(iii)
[PS 186.13] If you are relying on s1282(2)(a)(iii), you must satisfy us
that your qualifications and experience taken together have given you
knowledge equivalent to the knowledge that would be gained from an
Australian 3-year full-time bachelor degree that includes a 3-year
course of study in accountancy and a 2-year course of study in
commercial law (including company law).