From 1
st January 2023 a new three-year CPD cycle commences. Changes to Bye Law 8 now require statutory auditors to complete 20 hours of their 40-hour core competency requirement in the following areas;
- Auditing
- Financial Reporting
- Law and Regulation
Statutory auditors are required annually to document their CPD plan and to evaluate the effectiveness of their CPD activities regularly. As you plan your 2023 CPD and evaluate the effectiveness of your CPD activities in 2022, you may find CPA Ireland’s CPD Toolkit to be of benefit. Comprising of templates, guidance and a webinar, the toolkit can be accessed
here.
For planning purposes further details of upcoming CPA auditing CPD events can be found
here.