CPA Ireland has published a CPD Toolkit to support the implementation of the IAASA CPD Guidelines by statutory auditors. The toolkit consists of guidance, sample templates and an explanatory webinar.
The new guidelines require that from 1
st January 2022 a statutory auditor, authorised by CPA Ireland, is required to:
- plan their CPD activities by reflecting on the knowledge, skills and values required to competently fulfil their professional responsibilities, identifying their learning and development needs and deciding on the CPD activities necessary to address them.
- complete sufficient, relevant and appropriate CPD each year to meet their learning and development needs and thereby maintain and enhance their professional knowledge, skills and values in all of the areas of work that they undertake.
- evaluate the effectiveness of their CPD activities regularly and revise their approach as necessary to ensure it remains effective in achieving its objective of maintaining their professional knowledge, skills and values at a sufficiently high level.
- be able to demonstrate their compliance through the retention of appropriate written records of CPD planning, completion and evaluation. Such records should include supporting documentation which evidences that they undertook the CPD activity.
- retain their CPD records for a period of six years to facilitate review of their compliance.
To assist with the achievement of these requirements please find below some supporting templates and guides;
- Guidance on CPD Planning and Evaluation for Statutory Auditors-Click here
- Template to record the planning and evaluation of my CPD-Click here
- Webinar – CPD for Statutory Auditors-Click here
For further details of the CPD regime for statutory auditors please click
here.