Document ID: chunk:federal_register_of_legislation:F2019L01368:reg:7:p3
Version: federal_register_of_legislation:F2019L01368
Segment Type: reg
Provision Reference: reg 7 (pt 3/5)
Character Range: 16016–19092

or
          (d)    provides evidence that satisfies the Regulator of the applicant's knowledge of audit team leadership and assurance.
 Knowledge of audit team leadership
      (2) For the purposes of paragraph (1)(c)(i), an applicant has knowledge of audit team leadership if he or she:
(a) is certified by a qualified body as a Lead Environmental Auditor or a Business Improvement Environmental Auditor under AS/NZS ISO 19011:2014; or
(b) has successfully completed a training course in leading assurance engagements in accordance with AS/NZS ISO 19011:2014 or ISO 19011:2018, delivered by a competent training provider.
Knowledge of assurance
      (3) For the purposes of paragraph (1)(c)(ii),  an applicant has knowledge of assurance if he or she:
(a) has successfully completed a prescribed course listed in regulation 9.2.03 of the Corporations Regulations 2001; or
(b) has successfully completed a training course in conducting assurance engagements in accordance with ASAE 3000 or ISAE 3000, delivered by a competent training provider; or
(c) has successfully completed a training course in conducting compliance engagements in accordance with ASAE 3100, delivered by a competent training provider.

      (4) For the purposes of paragraph (1)(d), if an applicant has successfully completed any other training or tertiary education in audit and assurance that the applicant considers relevant to the application, the Regulator will determine if that training or education is appropriate in demonstrating knowledge of assurance.
              Note:  Under subregulation 6.16 (1) of the Regulations, an applicant for registration as a Category 2 auditor must have knowledge of both audit team leadership and assurance.

      (5) In this section:
      Chartered Accountants Australia and New Zealand means Chartered Accountants Australia and New Zealand (ABN 50 084 642 571).
      CPA Australia means CPA Australia Ltd (ABN 64 008 392 452).
      CPA Program means the CPA Program, administered by CPA Australia, which consists of four compulsory subjects, two electives and an experience component, and results in the student becoming a Certified Practicing Accountant.
      Global Accounting Alliance means the company of that name registered in England and Wales (Company Number 6754644).
      Institute of Public Accountants means The Institute of Public Accountants Ltd (ABN 81 004 130 643).
      IPA Program means the IPA Program, administered by the Institute of Public Accountants, that results in the awarding of an Master of Business Administration from Deakin University.
qualified body means a body that is accredited in accordance with ISO/IEC 17024:2012.
11 Auditing experience requirements for applicants for Category 2 registration—auditing and preparing audit reports
      (1) For subregulations 6.20 (1) and (2) of the Regulations, an applicant must have obtained at least 1,000 individual hours experience in total as an audit team leader or a professional member of an audit team in auditing and preparing audit reports in five or more of the