International Finance and Accounting Handbook

15 • 10

Country

Title of Auditor

Source of Authority

Licensing Procedures

Training

Europe (Continued)Sweden (Continued)

3. have residency in Swedenor in another country in theEuropean economic area

,

with no restrictions on per-sonal property.The requirements for GRstatus are the same as for anAR, except that the necessaryknowledge of accounting canbe acquired through a

three-

year study program at theuniversity level.

Asia and PacificAustralia

Companies:

Registered

Companies:

Corporation

Companies: Generally those

Companies: Approved degree

Company Auditor

Law, Australian Securities

accepted by

ASIC

are

followed by the courses and

Noncompanies:

Auditor

and Investment Commission

members of the Institute of

examinations of either the

(ASIC)

Chartered Accountants in

ICAA or the ASCPA. After

Noncompanies: Either

Australia

qualifications,

120

hours of

legislation or the documents

continuing professional

establishing the entity being

education

over each three

audited

year period

Japan

Professional Accountants or

Commercial Law Code;

An applicant must pass three

A university degree is

not

Independent Auditors

Securities and Exchange Act;

levels of examinations and

required.

Continuing profes-

(Certified Public Accountant)

and CPA Law

show general knowledge of

sional education is com-

accounting sufficient exper-

monly provided by the JICPA

tise as a junior CPA, and

and its regional chapters and

professional competency.

by training programs offeredby the firms.