Document ID: chunk:federal_register_of_legislation:F2019L01368:reg:7:p2
Version: federal_register_of_legislation:F2019L01368
Segment Type: reg
Provision Reference: reg 7 (pt 2/5)
Character Range: 13111–16296

impose a condition on the auditor's registration under Subdivision 6.67 of the Regulations.
9 Knowledge of audit—Category 2 applicants
      (1)     For subregulations 6.15 (1) and (2) of the Regulations, an applicant must demonstrate knowledge of audit by providing a written statement consisting of 750 words or less stating:
          (a)   the name of any relevant training course they have completed;
          (b)   the institution where the training course was completed; and
          (c)   the name of the qualification (if any) they have attained.
      (2)     For subregulation 6.15 (4)(a), to demonstrate knowledge and experience, an applicant must have participated in 10 audits over a period of 5 years in:
          (a)   the specified audits; or
           (b)   agreed-upon procedures relating to greenhouse and energy information carried out in accordance with ASRS 4400;
           (c)    an audit of annual returns conducted for the purposes of the VEET scheme established by the Victorian Energy Efficiency Target Act 2007 (Vic);
           (d)   an audit conducted in accordance with:
                  (i)                 AS/NZS ISO 19011:2014; or
                  (ii)               ISO 19011:2018
           (e)    an audit conducted for a person that was a liable entity, or for the purposes of section 74B of the Act;
           (f)    an audit report prepared for the purpose of accompanying an application for an exemption certificate and which complies with the requirements in the REE Regulations that apply to such a report; or
           (g)   an audit or verification of an offsets project recognised under the NCOS.
              Note:  Under subregulation 6.15 (5) of the Regulations, the participation must have occurred in the 5 years immediately preceding the day the application is made.
10 Knowledge of audit team leadership and assurance, Category 2 applicants
Knowledge of audit team leadership and assurance
      (1)     For subregulation 6.16 (1) of the Regulations, an applicant has knowledge of audit team leadership and assurance if he or she:
(a) is registered as an auditor under section 1280 of the Corporations Act 2001; or
(b) has successfully completed a training course:
(i) in audit and assurance, delivered by Chartered Accountants Australia and New Zealand in the Graduate Diploma of Chartered Accounting, or another member of the Global Accounting Alliance in an equivalent program;
(ii) in advanced audit and assurance, delivered by CPA Australia in the CPA Program; or
              (iii)            in advanced audit and assurance, delivered by the Institute of Public Accountants in the IPA Program; or
          (c)   can demonstrate both
              (i)                 knowledge of audit team leadership in accordance with subsection (2); and
              (ii)               knowledge of assurance in accordance with subsection (3); 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