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Accountants at a standstill with incoming mandatory education rules

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Accountants at a standstill with incoming mandatory education rules

There have been no new approvals for applications made by higher education providers to the Financial Adviser Standards and Ethics Authority (FASEA), meaning accountants are still not sure how  much further education will be necessary to comply with the new rules.

Professional Development Reporter 17 May 2019
— 1 minute read

Post-graduate training providers and professional associations have made applications to FASEA so that their students and members have prior study recognised. This will determine the extent of their further education under the new regime. 

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No approvals have yet been made in relation to the applications it has received from higher education providers for the provision of graduate diplomas and bridging courses, according to a statement from FASEA. 

Before the cut-off date of 12 April 2019, FASEA said it had received 14 applications by graduate diplomas for accreditation and 11 applications by bridging course providers for accreditation.

As advised previously, FASEA said it will take a period of up to eight weeks upon receipt of applications to assess and approve those applications.

“Further advice on accredited graduate diploma and bridging course providers are due to be announced mid-June 2019,” it stated.

“This would allow accredited providers sufficient time to commence offering accredited graduate diplomas and bridging courses in the second half of the 2019 calendar year.”

For a full rundown of the incoming education requirements, click here.

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Accountants at a standstill with incoming mandatory education rules
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