FASEA approves additional Recognition of Prior Learning for FPA and CPA

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The Standards Authority has approved additional applications for recognition of coursework undertaken to attain a professional designation from the Financial Planning Association (FPA) and the Certified Practicing Accountants (CPA).

Advisers who have completed coursework to attain FPA professional designation for Life Risk Specialist between 2009 and 2018 or coursework to attain FPA professional designation for Accredited Estate Planning Strategist between 2010 and 2013 have been awarded 1 credit RPL.

Advisers who have completed coursework to attain the CPA Associate designation between 1985 and 1988 have also been awarded 1 credit RPL.

The awarding of credits for coursework to attain the FPA and CPA designations provides appropriate recognition to existing advisers who have undertaken these further studies,” FASEA Chief Executive Officer Stephen Glenfield said.

Background

FASEA’s review of the programs follows an application from each of the professional associations. The approval is recognition of the course content and assessments advisers are required to undertake to successfully complete the program.

A maximum of two credits towards completion of higher education requirements can be awarded for an existing adviser who has completed one or more of the prescribed approved courses to attain a professional designation. These credits are in addition to any credits available for completing other relevant studies.

For example, existing advisers with a relevant degree who have completed the coursework to attain the CPA Associate designation between 1985 and 1988 will receive 4 credits for their relevant degree and 1 credit for their CPA coursework. As a result, these advisers will only be required to complete the 3 FASEA bridging courses to meet the education standard.

FASEA is committed to continue to assess coursework to attain Professional Designation applications that have been received from Professional Associations. The full list of approved recognition of prior learning courses can be found on the FASEA website.

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