Professional Practice Program

The IPA Professional Practice Program (PPP) has been designed with the needs of our Members in mind. This program provides up-to-date information on the professional and ethical standards of the accounting profession as well as practical tools and strategies to successfully establish, manage, and grow a practice. The PPP can also be utilised by non practitioners as a refresher program to consolidate their knowledge on professional standards and business management tools.

The expertise, competence, and ethics of IPA Members is highly sought after and IPA members are considered the trusted advisor. It is for this reason, the IPA By-Laws mandate that Members moving into professional practice must complete the Mini Professional Practice course or the PPP within 6 months of receiving their Limited-PPC or PPC respectively.

What does the program involve?

The program is an online self-paced course, consisting of 12 modules including one final assessment. To pass the PPP, attendees must successfully complete the multiple-choice assessment and complete all online modules. The program will equip members with essential skills to manage an accounting practice, including:

  • An appreciation of the history of accounting and where the industry is headed.
  • APES standards and guidance notes.
  • ASIC and TPB statutory registrations, AASB, AUASB, AML, and FRC requirements.
  • Business strategic planning, financing, staffing, and marketing your practice.
  • Cyber security management.

This program is worth a total of 42 CPD hours, split into 30 unverified hours and 12 verified hours.

CPD Competency hours are spit into the following Competency Categories:

  • Management and Professional Skills: 5.5 hours
  • Professional and Ethical Standards: 6.5 hours

To learn more about the structure of the Professional Practice Program, please visit this page.

Benefits of the Professional Practice Program

  • A single point of reference that provides answers to most practitioner questions.
  • A comprehensive set of course materials with case studies, illustrations, and references.
  • Guided learning to ensure you have covered practice essentials.
  • Addresses overwhelming issues faced by new practitioners.
  • 42 hours of Continuing Professional Development (CPD).
  • Completes one of the mandatory conditions for PPC eligibility.

Hold a Limited PPC? Register for the Mini Professional Practice Program

Members who hold a Limited PPC are required to complete the Mini Professional Practice Program within six months of receiving their Limited PPC. The Mini-course consists of a self-paced course of six modules. Upon completion there will be a multiple-choice assessment. The mini program is worth a total of 36 CPD hours split into 30 unverified hours and 6 verified hours.

Please note, the Mini Professional Practice Program does not meet the requirements for PPC. To view these requirements click here.

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Register for the Professional Practice Program

Register anytime for our PPP and Mini PPP courses throughout the year. You can register online here, or by contacting your local division.

Fees

  • Professional Practice Program: AUD $890 (inc GST)
  • Mini Professional Practice Program: AUD $395 (inc GST)

This fee includes tuition, notes, and assessment.

  • Competency Assessment Re-sit: AUD $150 (inc GST)

Cancellation Policy

If in the event you are unable to attend online within three months of enrolment, cancellations must be advised in writing. A refund will not be granted if a registrant fails to attend online within the 6 months of registering. No refund will be possible once you have enrolled and accessed the online program.

The IPA cancels events seminars only when absolutely necessary, but reserves the right to do so, as well as to reschedule events and substitute presenters. If an event is cancelled, you may request to transfer the credit to another event or to a membership invoice, keep the credits on your account, or request full refund. The credit will expire in 6 months if left unused.

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