- New Continuing Professional Development requirements for all CA ANZ members come into effect on 1 July 2021
- Members will be able to claim on-the-job training as verifiable CPD
- Members are affected in different ways – see how the changes affect you
Refreshed Continuing Professional Development (CPD) requirements will be introduced for all trienniums (three-year periods) starting from 1 July 2021, adding value to your knowledge and skills while also simplifying and introducing greater flexibility about how to undertake and manage your CPD.
Your ability to make a difference relies on the depth and breadth of your expertise and this is underpinned by your commitment to continuous learning.
Some of the important changes to the CPD requirements include:
On-the-job training as verifiable CPD hours
The changes include the introduction of on-the-job training as verifiable CPD, which recognises that a significant amount of professional development happens in your role. Verifiable on-the-job training may make up to half of your total verifiable CPD requirements.
Increased flexibility and choice
You can now tailor your CPD with a blend of online, face-to-face or on-the-job training. Members can access a range of complimentary verifiable CPD through CA ANZ, for example Knowledge Sharing Webinars.
Mandatory ethics training
Extending mandatory ethics training to all members demonstrates the critical importance CA ANZ places on ethics and is consistent with community expectations and the responsibility of our members to act in the public interest.
Consistency across membership
All members with the same designation will be subject to the same CPD requirements regardless of their location, age, or length of membership.
All CA members and affiliate members will have to undertake a minimum of 90 of hours verifiable CPD and 30 hours of non-verifiable CPD per triennium. ACA members will be required to do a minimum of 67 hours verifiable CPD plus 23 hours non-verifiable CPD and AT members will be required to do a minimum of 45 hours verifiable CPD plus 15 hours non-verifiable CPD per triennium.
“CPD is a big part of our lives as Chartered Accountants,” says CA ANZ President Nives Botica Redmayne FCA. “The depth and breadth of our expertise – the fact we get listened to – is underpinned by our continuous learning.
“All members need to get up to speed about these changes and how they affect them.
“I believe these changes will strengthen our profession.”
The changes affect members in different ways. It is important that you understand how they affect you.
Early adoption will enable you to apply the revised requirements on a proportional basis to the remainder of your triennium.
“CPD is a big part of our lives as Chartered Accountants. The depth and breadth of our expertise – the fact we get listened to – is underpinned by our continuous learning."