FASEA confirms accreditation process

FASEA today announced that notices have been sent to a number of industry associations informing them of the process to have the course content of their designations approved by FASEA.

"Existing advisers who have completed approved coursework in relation to approved designations will be entitled to up to two units credit into the graduate diplomas contemplated by the Standards Authority’s new education framework for advisers," the authority said. 

"FASEA encourages all financial services industry associations with a relevant professional designation program to submit their curriculum content for approval as soon as practicable."

Late last month, FASEA released its policy on foreign qualifications for consultation, with the proposed standard requiring assessments from the organisation along with a separate Department of Education and Training (DET) approved body.

The policy’s two-step approach starts with an examination by a DET approved body, including the Chartered Accountants of Australia and New Zealand (CA ANZ) and Certified Practicing Accountants (CPA) associations.

It is then followed by an assessment by FASEA as to the equivalence of the foreign qualification approved under the FPS001 Education Pathways Policy.