Meeting Your CPD Requirements

Thu, Oct 1, 2009

Meeting your CPD requirements doesn't just mean attending formal training courses. CPD is anything that enables you to keep your professional skills and knowledge up to date, and so a wide variety of activities can count towards the requirements.

CPD activities include:

STRUCTURED CPD

Formal training

  • Courses
  • Conferences
  • Seminars
  • Structured Discussion Meetings - this can include network meetings where a presentation is made by a competent individual

Example: CPD Courses and other Chartered Accountants Ireland conferences and events.

Value for money training from Chartered Accountants Ireland

  • 10% discount on the full course fee for members
  • €100/£70 CPD credit for members in 2009
  • Training tickets offering 44% discount on the full course fee
  • eCPD courses priced from just €45, with several free to members in 2009
  • In Company and Network Training at up to 50% discount on the full course fee
  • Bundle discounts available when booking selected CPD courses online

Interactive Multimedia Learning

  • Completion of interactive computer and multimedia based learning programmes

Example: eCPD online courses.

Top Tip! Do CPD as you commute by listening to podcasts and eCPD courses.

Pre and Post Course Reading

  • Studying material provided in advanced of formal training (listed above)
  • Up to 3 hours of this type of activity can count towards the structured CPD requirement

Quality Review

  • Quality review and other monitoring visits undertaken by CARB or any other regulatory body - in particular opening and closing meetings
  • Subject to a maximum of 3 hours per visit

Top Tip! Support visits by Practice Consulting qualify as CPD.

In House Training

  • Training provided by Chartered Accountants Ireland or another competent trainer/training organisation

Example: Chartered Accountants Ireland In Company Training.

Additional Qualifications

  • Private study
  • Distance learning
  • Formal courses

Example: Further qualifications such as the Diplomas and Certificates available from Chartered Accountants Ireland, or the Chartered Tax Qualification.

Research and Lecture Preparation

  • Preparing to give a lecture or presentation
  • Research for an article or publication in your own name
  • Research for a new project

Top Tip! Make the most of what you learn in your job - research and/or training for a new piece of work can count as CPD.

UNSTRUCTURED CPD

Individual Home Study

  • Alternative forms of learning where there is no interaction with other individuals and no assessment provided

Network and Focus Groups

  • Credit for discussion of technical matters only
  • No more than 50% of total unstructured CPD

Top Tip! Being coached or mentored by a peer may also count as CPD.

Reading

  • Credit for reading technical articles only
  • No more than 25% of total unstructured CPD

Example: Publications and information from the Chartered Accountants Ireland Technical Department, Chartered Accountants Ireland Publishing, or Accountancy Ireland.

Special Offer

Free book from Chartered Accountants Ireland Publishing with the purchase of selected CPD courses throughout the rest of 2009

Also, remember that Continuing Professional Development is about more than just fulfilling your obligatory requirements; it's also about developing your career. The Chartered Accountants Careers Advisory Service can provide you with support and advice at all stages in your career, not just when you are changing jobs. So, whether you are deciding whether to go for a post qualification programme, want advice on which training options will help take you further, or would just like some tips on preparing for interviews, they are here to help you.

For further information on any of the activities discussed in this article, or for CPD Regulations, Guidance material and FAQs please see the Chartered Accountants Ireland website or contact the CPD Department.

Recommended Reading

Featured book

A Practical Guide to Insolvency by Kavanagh Fennell now available on the iBookstore This easy-to-use guide to the complexities of insolvency in Ireland for business managers, accountants, and other professionals, previously published in paperback, is available for your iPad in the iBookstore and for your Kobo eReader from KoboBooks.

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