Statutory auditors are required to maintain competence through undertaking continuing education in order to maintain his or her theoretical knowledge, professional skills and values, including, in particular, in relation to auditing
, at a sufficiently high level (Section 1489 Companies Act 2014.)
International Education Standard (IES) 8, Professional Competence for Engagement Partners Responsible for Audits of Financial Statements (revised) must also be considered when planning your CPD. The learning outcomes to be achieved include, but are not limited to, learning outcomes in the areas of technical competence, professional skills, and professional values, ethics and attitudes. As the career of an Engagement Partner progresses, practical experience also becomes increasingly important in maintaining and further developing the necessary depth & breadth of professional competence.
For details of the CPD requirements for a CPA approved statutory auditor please click here
. Please note that these requirements apply to affiliated partners and Responsible Individuals approved by CPA Ireland as statutory auditors.