NEW ZEALAND AUDIT LICENCE
ADVANCED CERTIFICATE OF COMPETENCE
Please read these instructions carefully.
You can enter your details directly into the certificate on your computer and sign it. We recommend that you keep a copy for your own records.
WHO CAN PROVIDE THE ADVANCED CERTIFICATE OF COMPETENCE?
You must be an assessor approved by CPA Australia to be able to issue an advanced certificate of competence. If you are not an approved assessor, please read the
Assessor Guidance Notes and Application Form for further details on how to become an approved assessor. Please note that you will be required to complete a separate
application form for each applicant for whom you wish to act as an assessor.
THE ADVANCED CERTIFICATE OF COMPETENCE
Individuals applying to CPA Australia for an FMC audit licence will be required to provide an advanced certificate of competence signed by an assessor as part of their
application. Before issuing an advanced certificate of competence, an assessor is required to gain sufficient knowledge of the applicant to assess and establish their
competency to be a licensed auditor to undertake FMC audits. Normally, this would require that you are in a close working relationship with the applicant in a monitoring
or supervisory role. Such a role would require that you either be an immediate or second level supervisor. If you have not worked with the applicant in such a supervisory
capacity (for all or part of the audit experience gained by the applicant) you will need to demonstrate to CPA Australia through provision of additional information, how you
have been able to assess the applicant’s audit work in forming an opinion about their required level of competency.
You will be required to certify that the applicant has demonstrated competence in all key aspects of audit. In the certificate you will be required to provide information
about how you have assessed the applicant’s competence in the key aspects and tasks involved in audits, including;
• Client acceptance/continuance
• Audit planning
• Control testing
• Substantive testing
• Opinion formulation
To be able to issue the certificate you should be in a position close enough to perform an assessment of the applicant as set out above.
When applying to CPA Australia for a FMC audit licence, the applicant will be required to meet the Prescribed Minimum Standards1. These include minimum postqualification audit experience requirements.
Please note that the applicant is not required to provide an advanced certificate of competence if he/she is relying on the alternative audit experience requirements2.
For further information please read the New Zealand Auditor Licensing Guide for CPA Australia Public Practitioners.
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Section 3(1) The Auditor Regulation Act (Prescribed Minimum Standards and Conditions for Licensed Auditors and Registered Audit Firms) Notice 2012
Section 3(3) The Auditor Regulation Act (Prescribed Minimum Standards and Conditions for Licensed Auditors and Registered Audit Firms) Notice 2012
CPA Australia – New Zealand Audit Licence – Advanced Certificate of Competence
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NEW ZEALAND AUDIT LICENCE
ADVANCED CERTIFICATE OF COMPETENCE
ASESSOR DETAILS
FULL NAME
NAME OF CURRENT AUDIT FIRM
TELEPHONE NUMBER
EMAIL ADDRESS
POSITION DESCRIPTION
APPROVAL NUMBER
APPLICANT DETAILS
FULL NAME
NAME OF CURRENT AUDIT FIRM
POSITION IN FIRM
PERIOD YOU HAVE KNOWN APPLICANT
PERIOD YOU WERE AN ASSESSOR OF THE APPLICANT
DETAILS OF YOUR WORKING RELATIONSHIP WITH THE APPLICANT
(including your role in a monitoring or supervisory capacity. If you have not acted in this capacity please provide information as to how you have assessed the applicant’s
level of competency in forming an opinion)
DETAILS OF APPLICANT’S AUDIT EXPERIENCE
NAME OF ENTITY
DATES FROM/TO
YOUR ROLE
APPLICANT ROLE
ISSUER AUDIT?
YOUR OVERALL ASSESSMENT OF THE APPLICANT
(Please use the space below to provide any details below that you consider necessary for CPA Australia to make an assessment of the applicant’s competency to be a
licensed auditor)
DECLARATION
I declare that:
• I have read the auditor licence application form dated <insert date> completed by the applicant <insert name>. I am not aware of any matter or circumstance which
would indicate that the information contained in the form is incorrect or misleading.
• For the audit engagements where I supervised the applicant, I confirm that the information included in the application form is true and correct.
• I confirm that the applicant has obtained competencies in the key aspects and tasks involved in audits including client acceptance and continuance, audit planning,
control testing, substantive testing and opinion formulation.
• I confirm that the information I have provided in this certificate is true and correct.
Your signature
Date
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CPA Australia – New Zealand Audit Licence – Advanced Certificate of Competence
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