Revised continuing professional development (CPD) policy
We've revised our CPD policy to enhance your professional status and help you meet your career and development goals.
Our revised policy asks you to undertake appropriate CPD to ensure your competence for your job, whether you work in accounting/finance or not.
We no longer measure your CPD by the time you spend on learning activities. Instead we measure it by the outcomes and benefits you gain from it. This moves the emphasis from the quantity of CPD that you do to the quality.
Find out how our revised CPD policy affects you
When should I start following the revised policy?
All full and fellow members must comply with our revised CPD policy from 1 January 2008.You should already be following the revised policy if you are:
- a member in practice
- a fellow member elected since 1 January 1998.
Monitoring
With your membership renewal you will need to confirm you are complying with our CPD policy but you will not need to submit your CPD records. If you are a member in practice you may be required to submit your records with your licence renewal.We will conduct regular monitoring programmes involving checking CPD records from a sample of full and fellow members. We will select members for these programmes both randomly and on the basis of risk.
If we don't feel that your CPD records provide confirmation of your compliance with our policy we will:
- provide guidance on how to approach your CPD in the future
- ask you to participate in another monitoring exercise within 12 months.