The AIA RPQ (Audit) will provide you with a recognised professional qualification for statutory auditors and will equip you with the relevant skills and competencies required to work confidently and efficiently in this challenging profession.
Exemptions are available for relevant qualifications undertaken in the last five years, with the exception of Paper 7 Auditing and Paper 8 Company Law. AIA will make an assessment and exemption offer in line with professional and regulatory requirements on receipt of your Student Registration Form and copies of your certificates.
MULTI-DISCIPLINARY CASE STUDY
RPQ Students are required to sit a Multi-Disciplinary Case Study, this is held on the first day (Monday) of the exam session. The exam is four hours, commencing at the local start times listed.
Following successful completion of your practical audit training, you will undergo an oral test. The oral test is designed to test your ability to apply your theoretical knowledge to practical situations in light of the experience you obtained during your audit practical training. The test lasts approximately two hours, with an interview panel comprising a Statutory Auditor, a senior academic and a member of AIA’s Secretariat. The Oral Test is arranged on an individual basis, further details can be requested from the Exam Department.
WORK EXPERIENCE - RPQ AUDIT TRAINING
To achieve the AIA RPQ and become a statutory auditor, in addition to passing the exams, you must follow a course of theoretical instruction and complete three years' approved audit training, designed to provide you with the opportunity to perform the work of a statutory auditor. The training should include a minimum of 52 weeks training in statutory audit, or other similar audit work, with a specific requirement that not less than 26 weeks is spent in statutory audit work. For futher details on the specific training requirements please refer to RPQ Practical Training Office Information.
Audit training must be carried out at an AIA approved training provider and be supervised by a statutory auditor or statutory audit firm approved by AIA.
We would strongly recommend that you complete your audit training while studying for the exams, and maintain a continuous record. The audit training can comprise or contribute to the Initial Professional Development (IPD) requirement for AIA membership.
During the RPQ audit training, we refer to you as a 'Trainee.'
You have three different options to choose from when deciding how and when you are going to undertake your audit training:
You can choose to undertake three years of continuous RPQ audit training, completed before you become an AIA Associate member.
You can complete two years of IPD and one year of RPQ audit training prior to becoming an Associate member. You would then complete the remaining two years of audit training as a member.
You can complete three years of IPD prior to achieving AIA membership and then commence the three years of RPQ audit training as a member.
On being awarded the AIA RPQ you must register with a Recognised Supervisory Body (RSB), who are responsible for registering and supervising statutory auditors in practice.
You should also read the Guide to becoming a Statutory Auditor, RPQ Practical Training Office Information and RPQ Audit Training Options - all available to download from the related documents panel.