Continuing Professional Development (CPD) is the foundation of the accounting profession in Australia.
For Chartered Accountants (CA ANZ), Certified Practicing Accountants (CPA Australia), and members of the Institute of Public Accountants (IPA) specializing in taxation and compliance, keeping knowledge and skills current is a regulatory requirement.This article explores the essential CPD Courses for Australian CPAs, focusing specifically on Tax & Compliance CPD, referencing official requirements, and providing tips for effective CPD management.
CPD Requirements for Australian Accountants
CPD ensures professionals maintain their technical proficiency and ethical grounding.
Each major Australian accounting body has specific CPD requirements, and tax professionals registered with the Tax Practitioners Board (TPB) have additional obligations. To have a better understanding of the requirements for Australian CPAs, explore the CPD Requirements for Australian CPAs: Everything You Need to Know article.
Core CPD Areas for Tax & Compliance Professionals
To boost relevance and meet regulatory demands, CPD should be targeted. For specialists in tax and compliance, key areas include:
Technical Skills – Tax Focus
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Legislative Updates: Federal Budget analysis, new tax laws, Treasury announcements, significant case law developments.
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ATO Rulings and Guidance: Understanding Taxpayer Alerts, Practical Compliance Guidelines (PCGs), and Taxation Rulings (TRs).
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Specialist Tax Areas: International tax (transfer pricing, thin capitalisation, CFCs), R&D tax incentive, corporate tax consolidation, small business concessions.
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ATO Engagement: Handling audits, reviews, objections, and disputes effectively.
Technical Skills – Compliance Focus
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Financial Reporting: Updates to Australian Accounting Standards (AASB), interpretation changes, IFRS convergence issues.
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Audit and Assurance: Changes in Auditing Standards (ASAs), quality management (ASQM 1 & ASQM 2), specific industry audit challenges.
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Risk Management: Identifying and mitigating financial and operational risks, internal controls.
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Anti-Money Laundering and Counter-Terrorism Financing: Understanding obligations under AUSTRAC regulations, especially with potential upcoming reforms impacting accountants.
Ethics and Professional Standards
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APES 110 Code of Ethics: Understanding and applying the fundamental principles: Integrity, Objectivity, Professional Competence and Due Care, Confidentiality, and Professional Behaviour.
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Independence: Particularly relevant for those providing assurance or certain types of advisory services alongside tax work.
Professional and Business Skills
Technical expertise needs to be complemented by strong professional skills.
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Communication: Client communication, negotiation skills, report writing, plain language communication.
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Technology & Digital Literacy: Utilizing accounting and tax software efficiently, understanding cybersecurity risks, and exploring the impact of AI on tax functions.
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Practice Management: Workflow optimization, managing deadlines, staff training and supervision, adopting new technologies, pricing strategies, business advisory skills.
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Leadership & Strategy: Strategic thinking, team management, effective meeting facilitation, and building influence.
Relevant CPD Courses and Bundles
Below are recommended CPD courses and packages by AU & NZ CPD specializing in tax and compliance. These options provide practical insights and meet the core learning areas outlined above:
Individual CPD Courses
Mastering Land Tax for Individuals in Queensland
A detailed exploration of Queensland's land tax regime, ideal for practitioners advising property owners and investors.
BAS Reporting and Compliance Trends: Staying Up to Date
Stay ahead of evolving Business Activity Statement (BAS) reporting requirements. Covers recent ATO guidance, digital lodgment practices, and common pitfalls to avoid.
Tax Expenditure Statements for Accountants
Learn how to interpret and apply Tax Expenditure Statements in client scenarios, enhancing your tax advisory capabilities through fiscal insight and strategic analysis.
CPD Packages
Annual CPD Compliance for Accountants (30+ Hours)
A comprehensive one-year package tailored for tax and compliance professionals. Includes ethics, technical, and business skills content.
60-Hour Triennium Ethics & Compliance CPD Package
Perfect for long-term planning, this triennial CPD bundle covers ethics, compliance, and key technical updates over a three-year period.
Conclusion
For Australian CPAs, CAs, and IPA members specializing in tax and compliance, maintaining relevant and high-quality CPD is mandatory for professional excellence.
By focusing your CPD on critical technical competencies, mandatory ethics, and practical business skills, you position yourself to deliver higher-value services and meet professional requirements with confidence.
