External Auditor Skills Assessment

Description

Designs and operates information and reporting systems, procedures and controls to meet external financial reporting requirements. Registration or licensing is required.

Skills Assessment Requirement

Unless you are exempt in very limited circumstances, you are required to have a positive Skills Assessment to apply for the visas listed above.

Skills Assessment authority for External Auditor is Chartered Accountants Australia and New Zealand (CAANZ). To have a positive skills assessment, you must meet the following criteria:

• For Visa Subclass 485- Graduate Work Stream:
  • You must hold an Australian bachelor’s degree or 12 unit Australian master’s degree in accounting or relevant field (business, commerce or economics)
  • You must successfully complete mandatory competency areas relevant to your nominated occupation
  • IELTS 6 or above in listening, reading, writing or speaking
    
    
• For all other visas:
  • You must hold an Australian bachelor’s degree or 12 unit Australian master’s degree OR an overseas tertiary and/or professional membership qualification comparable to at least the level of an Australian bachelor’s degree
  • You must successfully complete all mandatory competency areas that are relevant to your nominated occupation
  • IELTS 7 or above in listening, reading, writing or speaking
    
    
• Overseas qualifications: To assess the general education level of overseas tertiary and professional membership qualification, CA ANZ follows the guidelines of the Country Education Profile (CEP),Australian Government, Department of Education, Skills and Employment.  

GROUP: 2212 AUDITORS, COMPANY SECRETARIES AND CORPORATE TREASURERS

Description

conduct audits of accounting systems, procedures and financial statements, manage corporate funding and financial risk, and administer and review corporate compliance activities.

Tasks

• 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

Skill Level

Most occupations in this unit group have a level of skill commensurate with a bachelor degree or higher qualification. In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification. In the case of Corporate Treasurers and Company Secretaries, at least five years of relevant experience may substitute for the formal qualification (ANZSCO Skill Level 1).

 

Registration or licensing may be required.

 

Occupations in this Group

• 221211 Company Secretary
• 221212 Corporate Treasurer
• 221213 External Auditor
• 221214 Internal Auditor