- Staff Reporter | May 10, 2018
Who’s who in accounting - Important players you need to know
Overseeing the finances for a business is a big responsibility that requires a skilled professional, and the accounting profession in Australia is regulated by a number of bodies to ensure our financial reporting is of the highest quality.The purpose of these organisations is to advocate for their members and ensure the continued high quality of the profession. Their members are held to the highest standards of competency and ethics. Gaining membership requires a minimum of a Bachelor of Business majoring in Accounting, and each association has its own additional required study program in order to join. There are lots of study options available here; study often takes place over a number of years. You don’t necessarily have to be a member of one of these associations in order to work in an accounting field, but non-membership will somewhat limit your career as only accredited members are legally qualified to prepare and sign off on financial documents.
These regulators and institutions have kept accounting at the forefront of trust and understanding within Australian business for decades. They are an important function of accountability in Australian business and protect the profession from dropping standards.
That sounds like a lot – but this is one of the main reasons accountants are so well-respected and protects your job for the future! Discover how to take the first step towards a career in accounting – check out these accounting qualifications on offer from Registered Training Organisations.