On 21 February 2025, CPA Australia, CAANZ, and IPA announced the cessation of the Accounting Professional Year Program (Accounting PY Program) due to a steep decline in enrolments (from 7,122 in 2018 to just 340 in 2024) and lack of government action on proposed reforms.
Despite repeated engagement efforts, the government deferred consideration of the program’s future, forcing the three bodies to discontinue it. New enrolments will cease from 5 March 2025, with the program concluding by 1 May 2026.
Full Statement: https://www.cpaaustralia.com.au/about-cpa-australia/media/media-releases/accounting-bodies-no-option-but-to-cease-accounting-professional-year-program