Continuing Professional Development (CPD)
CPD is the means by which Chartered Accountants develop and maintain the level of competency necessary to provide high quality services to clients, employers and other stakeholders.
All members of the Institute are required to engage in a programme of CPD in accordance with the provisions of the CPD Regulations set by the Board.
For further information and guidance please see our CPD support and guidance page.
Confirming compliance with CPD/Code of Ethics
Recent amendments to the Institute’s CPD Regulations have facilitated simplification of how members confirm compliance with CPD requirements and the Institute’s Code of Ethics.
Henceforth, by paying the annual membership subscription, or permitting this to be paid on their behalf, or otherwise renewing their membership, members are acknowledging CPD and Code of Ethics compliance.
As a consequence, members generally will no longer have to submit an annual declaration (the Individual Annual Return) in respect of these matters.
There are no changes to the circumstances for which members may apply for an exemption from CPD requirements. Similarly, there is no change to the Institute’s current approach to substantive testing of CPD compliance whereby a sample of member CPD records is selected for review on an annual basis.
Practising Certificate holders and Responsible Individuals
Additional requirements continue to apply to members holding Practising Certificates, and who are Responsible Individuals (statutory auditors).
Individuals who are approved by the Institute as responsible individuals (‘RIs’) have additional specific CPD obligations in accordance with the Institute’s Audit Regulations. All RIs, registered by the Institute in Ireland and/or the UK, are required to undertake appropriate programs of audit-related CPD. RIs registered in Ireland must also comply with IAASA’s CPD Guidelines which are now reflected in the Institute’s Audit Regulations, Ireland. More information is available on the Institute’s Hub for CPD for RIs in Ireland.
All RIs registered by the Institute in Ireland are required to complete an annual declaration of compliance with their CPD obligations in accordance with the Institute’s Audit Regulations.
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