Latest news on the Professional Standards Scheme (Scheme)
The current Professional Standards Scheme commenced across Australia on 23 December 2019, replacing the previous Scheme, which concluded on 22 December 2019.
The current Scheme enables public practitioners to participate who conduct public accounting services, hold a CPA or FCPA designation and have a current limited or full public practice certificate. The Scheme may impose a limited liability cap to a civil claim relating to the provision of public accounting services if there is no contrary legislative impediment.
You can conduct a Scheme eligibility self-assessment using our guidance tool (PDF), which will help you identify what you need to do to participate.