Contributing to business and ethical practice

This Case Study examines the role of CPA Australia in developing the technical and professional knowledge of its members while ensuring members act with integrity. It explains the role CPA Australia plays in promoting accounting standards and best practice while ensuring knowledge is applied in a fair, honest and ethical manner.

As a result of reading this Case Study, students should be able to:

• Explain the role accountants play in contributing and promoting business success
• Understand the importance and necessity of abiding by accounting standards and business ethics
• Understand the requirements to becoming a CPA.

Introduction

Today's accountants need to be business professionals who combine the technical excellence and practical experience necessary to promote business success and maintain the integrity of the industry they work in.

The need for accountants to be qualified to ensure business success

Professional qualifications are essential in the accounting world. They ensure standard practice so that businesses work on a level playing field and allow companies to be confident that reliable and accurate information will be available to their stakeholders.

The role of CPA Australia

CPA Australia provides a knowledge base of timely information on the latest technical issues, changes to laws and industry developments.

The role of CPAs

The role of the accountant has changed over the years.

Promoting business ethics

The vision of CPA Australia is for its members to be the choice of employers and clients, and valued by the community and leaders in their profession.

Conclusion

CPA Australia makes a significant contribution to Australian businesses and society by providing members with critical information for business success and an ethical framework for decision making.