How to become a Registered Company Auditor (RCA)

The Joint Accounting Bodies (IPA, CPAA and CAANZ) together with ASIC have revised the standard “Auditing Competency Standard for Registered Company Auditors”.  This revises and supersedes the requirements in the 2004 standard. The revision simplifies and clarifies the information in relation to the competency requirements and incorporates where appropriate the requirements, and the tasks and activities which demonstrate competencies, from the International Education Standards issued through The International Federation of Accountants (IFAC).

In order to be a Registered Company Auditor (RCA) in Australia, you must have relevant qualifications, appropriate skills, and be a capable, fit and proper person (s1280 Corporations Act). You may satisfy the skills requirements by demonstrating either that you (a) meet auditing competency standards, or (b) have undertaken appropriate practical experience. 

More information can be found on the ASIC website:

http://sitesearch.asic.gov.au/s/search.html?query=Rg+180&collection=asic&profile=asic