CPD Principles and Practices

CPD PRINCIPLES AND PRACTICES

Continuing Professional Development (CPD) is the process of tracking and documenting all the skills, knowledge and experience that you gain – formally and informally – as you work beyond your initial qualifications or training.

CPD is one of the requirements for renewing your ICBA membership, as on-going learning means you are keeping your industry knowledge current and relevant. Just like pilots, doctors and many other professionals, financial industry professionals need to keep their skills and knowledge up to date.

 

1. CPD is the ongoing improvement of specific designation-linked competencies.
2. CPD can occur;
   1. In the workplace
   2. During coaching and mentoring
   3. Outside of the workplace
   4. Through courses, workshops and seminars
   5. In self-directed learning
3. CPD must be cognate with the designee’s profession.
4. The designated professional takes reponsibility for his/her required CPD.
5. The designated professional takes responsibility for CPD records as required by the body she/he belongs to.
6. CPD points are typically measured in direct hours; one relevant CPD hour is one CPD point.

ICBA members must earn at least 20 CPD points every year. Each hour of learning you complete = 1 CPD point. These points are either:

Verifiable:

You have to prove your learning, e.g. provide an attendance certificate from seminars, workshops, etc. A minimum of 8 verifiable points is required (12 points minimum for Certified Technical Financial Accountant, Certified Technical Public Accountant, and Certified Financial Accountant members).

Non-verifiable:

Self-study that you keep a record of yourself, e.g. reading industry articles.