Remuneration of Chartered Accountants continues to rise, Says Survey

Income Tax - Chartered Accountants Accounting Standards - ICAI

The latest survey Chartered Accountants Australia and New Zealand remuneration survey showed that the remuneration packages of Chartered Accountants Australia and New Zealand members continue to rise on either side of the Tasman, and across all designations.

It pays to be based in Sydney or Auckland, work in the corporate sector, and in terms of salary increases, to have less than 10 years’ experience.

The annual Survey provides members and employers with a valuable overview and benchmarks of remuneration for the accounting profession. The online survey, held late last year is run in Australia and New Zealand. It was completed by nearly 10,500 members including Chartered Accountants (CAs), provisional CAs, Accounting Technicians and Associate Chartered Accountants.

The survey shows the total value of primary or secondary budgetary responsibilities for external suppliers, held by CA ANZ members, across all business areas in Australia and New Zealand combined, is over A$57 billion. In the 2017 survey, it was $50 billion.

Last year, the Chartered Accountants Australia & New Zealand (CA ANZ) has offered a unilateral offer of their membership to the members of the Institute of Chartered Accountants of India ( ICAI ) based in Australia and New Zealand.

Through this scheme, ICAI members based in Australia and New Zealand would get the membership of CA ANZ in addition to ICAI membership by completing 40 hours of self-study programme and attending a two days workshop in less than one month’s time. The participants shall be evaluated through oral and written assessments during the workshop.

Also, the ICAI had entered into a unilateral arrangement “Pilot International Pathway Scheme” with Chartered Accountants Australia & New Zealand (CA ANZ) for ICAI members based in Australia and New Zealand. The said pathway program is in addition to the proposed MoU, which is before the Government for approval.

Nowadays, the CA course has good demand in India and people who have completed CA have opportunities across the world.

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