- Our CPD requirements help to strengthen public trust in the profession
- If you hold multiple specialisations, relevant CPD units can be counted to both
- ‘My CA’ provides helpful tools for accessing and tracking CPD activities
In my previous quarterly update, I wrote about the importance of trust and how we can uphold the trust placed in Chartered Accountants and forensic accounting specialists.
With members having recently completed their annual continuing professional development (CPD) declarations, it feels timely to reflect on the value of CPD in maintaining Chartered Accountants’ and forensic accounting specialists’ reputations as trusted advisers.
Indeed, regulation CR7 states that the purpose of CA ANZ’s CPD requirements is for members to develop and maintain the professional competence necessary to provide high-quality services to clients, employers, and other stakeholders, and to strengthen public trust in the profession.
Members will be aware of the requirements to complete at least 120 hours of CPD each triennium and 20 hours each year. CA Forensic Accounting Specialists assume an additional obligation to complete at least 40% of these minimum CPD requirements in areas related to forensic accounting, with at least 20 hours per triennium specific to forensic accounting.
If you hold more than one specialisation (for example, you are also a business valuation specialist), you may count CPD relevant to both specialisations towards the CPD requirements of both specialisations.
CA ANZ offers a range of CPD opportunities, including those related to forensic accounting.
In New Zealand, the Fraud and Forensic Conference was held in Auckland on 2-3 September 2019 and the Forensic Accounting SIG conducts events and recordings arranged by the special interest group.
In Australia, the upcoming three-day Business Valuation and Forensic Accounting Conference will be held at the Melbourne Sofitel on 12-14 October 2020. In addition, various forensic accounting seminars are convened regularly in several state offices.
I draw your attention to the functionality in My CA that allows members to record their CPD activities and track their compliance with the requirements. The My CA dashboard also recommends events, courses and other content to alert members to relevant CPD opportunities.
While there is a compliance aspect to completing CPD, we should not lose sight of the fact that the obligations exist for good reason – maintaining the trust of those we serve – which is also essential to our ongoing professional success.
Finally, I’m delighted to let you know that CA ANZ has successfully negotiated a new Professional Standards Scheme, which is due to start on 8 October 2019. The new Scheme removes the previous exclusions on AFSL members and representatives – giving all CA ANZ Australian public practice members access to this valuable professional protection. More information relating to this is provided in this newsletter.
I hope you enjoy this edition of the forensic accounting newsletter. I welcome you to make any suggestions or contributions by email to: