Cover of Excellence® Scheme: Institute of Public Accountants.
The Institute of Public Accountants currently has a Professional Practice Quality Assurance (PPQA) process which is a paper based system. Members need to complete up to 500 different questions in relation to the running of their practice and their compliance with professional and ethical standards. Apart from being time consuming, the manual input of this system limits the ability to interrogate data and assess shortcomings. The Star Grant will contribute to a world’s best practice PPQA in an electronic, online system to deliver improved reporting, enhance the member experience and increase compliance with professional and ethical requirements. The online system already developed in the pilot program has reduced the time members spend undertaking a review from an average of five hours, down to one hour and 40 minutes. The project has already attracted considerable international interest.