Ethical & Trustworthy
A Bookkeeper has a trusted and respected role. Ethics and trustworthiness are paramount. The business owner and the Bookkeeper should feel comfortable with each other to build a relationship that is founded on trust. Bookkeepers should only ever be honest and thorough in their dealings. For instance members of the ICB are not allowed to engage in dishonest activities even if they’re unaware, which means due diligence in taking on clients is of the utmost importance.
Training & Accreditation
To gain a BAS Agent registration with the Tax Practitioners Board, a bookkeeper must have completed a Certificate IV or a higher qualification (for example, a diploma, Advanced diploma or degree) in bookkeeping or accounting. The qualification must have been obtained from a registered training organisation or an equivalent institution . The Bookkeeper must also have 1,400 hours of relevant experience in the past 4 years prior to registration.
A registered BAS Agent means that the Tax Practitioners Board are satisfied that the Bookkeeper has the required skills, qualifications, and a minimum amount of experience to correctly account for GST and prepare your BAS according to legislation.
Formal Qualifications
For a professional bookkeeper, the “Fundamental Bookkeeping Knowledge” is confirmed through obtaining the Certificate IV and then by constant re-accreditation on process and knowledge skills.
Continuing Professional Education (CPE)
CPEis vital in the ever changing environment of the bookkeeping industry. BAS Agents are required to complete 90 hours over 3 years with a minimum of 20 hours per year, ongoing.
Code of Professional Conduct
Abide by the TPB(EP) 01/2010 Code of Professional Conduct.