From 1 November 2023, you will be required to keep a record of your CPD activities to demonstrate your compliance with the revised CPD Regulations.
Here you can see an example of what that record may look like. It includes examples of CPD activities and evidence of verifiability.
what CPD activities did you undertake? Why Did you undertake these activities? |
Record of activity |
CPD Learning hours (of which verifiable) |
Retained evidence (objective, corroborated) |
|---|---|---|---|
Reflect: Development needs and how much have these been met? I am an audit manager leading and supporting on unlisted company audits. I was manager on one audit which was a subsidiary of a Public Interest Entity. This accounted for approximately 10% of my time.
I expect (and am required) to maintain and keep up to date my knowledge of financial reporting, regulatory and compliance matters relevant to my audit clients. |
2023/24 Minimum hours requirement: 30 hours, of which 20 hours verifiable. |
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May 2024 to October 2024 I am required to undertake a minimum of one hour of ethics training annually. |
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| Act: What CPD activities did you undertake? | |||
November 2023 to May 2024 |
Quarterly FR updates delivered in house by the firm (November 2023, February 2024). | Total 6 hours (verifiable). |
Firm record of attendance. |
ICAEW Audit and Assurance Faculty membership: (a) factsheets and bulletins, and (b) webinars x 3 (various dates to May 2024). |
Total 6 hours. (3 hours non-verifiable). (3 hours verifiable). |
ICAEW webinar registration email. |
|
| Module 1 of the ICAEW ethics CPD course. | Total 1 hour (verifiable). | ICAEW certificate of completion. |
|
| May 2024 to October 2024 | Self-study IFRS to US GAAP comparison handbook (KPMG downloadable edition).
April/May 2024 |
Total 20 hours (non-verifiable). | |
Monthly US GAAP technical updates delivered through employer in house workshops.
June, July, September 2024 (90-minute sessions) |
Total 4.5 hours (verifiable). |
Attendance records. Annotated notes from all sessions. |
|
ICAEW Property and Real Estate Community membership: (a) webinars x3, and (b) events. |
6 hours (verifiable). | Calendar record. ICAEW webinar registration email. Community event registration email. |
|
Planning meetings (x2) held with external auditors covering new or emerging technical issues.
July-September 2024 |
Total 3 hours (verifiable). | Meeting attendee list. Auditor presentation slides and notes from planning meeting covering new and emerging technical issues. |
|
Technical briefings (various) from US parent consultants on SarBox reporting requirements.
14 June, 22 June, 5 July, 8 September, 30 September |
Total 14 hours (verifiable). | Written confirmation can be obtained from US head office (if required). | |
| Module 3 of the ICAEW ethics CPD course. | Total 1 hour (verifiable). | ICAEW certificate of completion. |
Online CPD record
As an ICAEW member, it's easy to manage your CPD activities and record your progress against CPD requirements in your online CPD Record.
