CPD – NZ members – pre 1 July 2021

Everything you need to know about CPD requirements if you live in New Zealand - for trienniums commencing prior to 1 July 2021

What qualifies as verifiable CPD?

Verifiable CPD is a learning activity that can be verified by a competent source and supporting documentation. Verifiable CPD can usually be qualified as:

  • an organised activity 
  • structured as interactive learning that includes teaching from specialists 
  • has a planned approach with clear learning objectives. 

There is a wide range of activities that CA ANZ recognises as verifiable CPD, offering members the flexibility to choose when and where your CPD hours are accumulated.

 

Explore members handbook

Browse the members handbook for a full list of activities under Regulation CR7 Continuing Professional Development.

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How many CPD hours do I need?

For trienniums starting prior to 1 July 2021, your verifiable CPD hours will vary depending on your designation. 

  • A CA or a Non Member Principal, must complete 120 CPD hours each triennium and 60 hours must be verifiable CPD. A minimum of 20 CPD hours must be completed in each year.  
  • An ACA must complete 90 CPD hours each triennium and 45 hours must be verifiable CPD. A minimum of 15 CPD hours must be completed each year.  
  • An AT must complete 60 CPD hours and 30 hours must be verifiable CPD. A minimum of 10 CPD hours must be completed each year. 
  • All full members must also complete at least 4 hours of ethics related CPD every 5 years. 

What qualifies as non-verifiable CPD?

Your activities that fit this category of CPD cannot generally be verified and are usually more informal. For example, reading technical or professional articles, mentoring discussions and collegial discussion where learning is fostered.

CPD related to specialisations, licenses or accreditation's

If you hold one or more accreditation's or licenses, you need to complete specific CPD activities related to each of these.

It's important to remember that your CPD requirements need to be met, even if you do not use your accreditation or license.

Licensed insolvency practitioners must have at least 20 of their verifiable CPD hours relating specifically to insolvency each triennium. 

If you are a licensed auditor, your CPD activities need to be tailored to developing and maintaining your role as audit engagement partner. As a licensed auditor you also need to comply with International Education Standard 8, which is based on an outcome model.

Policy and Guidance

More information on requirements can be found in our Policy and Guidance for New Zealand Licensed Auditors

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Manage My CPD

You can track your CPD hours in the CPD Log on My CA and get a quick overview of how you are progressing against your specific requirements or you can maintain your own CPD log if you wish.

You will be asked to confirm your verifiable CPD hours completed in the year as part of your membership renewal. By logging all your CPD records in your CPD Log on My CA it will be easier to know how many CPD hours you have undertaken at any point in time.

Keep your own record

If you prefer to keep your own record, you need to ensure it includes:

  • date/s of the activity
  • the provider
  • details of the learning activity undertaken
  • number of CPD hours
  • hours allocated to a specialisation, license or accreditation, if relevant
  • details of the relevance of the learning activity to your current or future professional development
  • evidence of undertaking the verifiable CPD is requested.

Monitoring your CPD

We run a CPD Monitoring Programme and each year, a random selection of members are asked to provide a copy of their CPD records. Depending on the circumstances, we may request records for a year or a triennium.

These records are checked against the CPD obligations in Regulation CR7 in the members handbook.

We're here to help

Contact us if you are asked to submit your records and find you're struggling to meet the requirements or cannot provide your records.

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Managing non-compliance

If you are asked to submit your records and you have not met the requirements or cannot provide your records, contact us as soon as you can. We can work with you to bring you back to compliance.

You may be asked to:

  • provide a declaration that you have completed the hours but have not kept a record, or
  • make up a shortfall in the next year or triennium, or
  • provide a learning plan if the shortfall is significant.
     

It's important that you respond if you are asked to provide your records. If you don't, there are consequences for your membership under By-Law 21c.

Repeatedly failing to meet your requirements may result in referral to the Professional Conduct Committee.

By-Laws

Ensure you know the By-Laws associated with CPD

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