S. 1489 of the Companies Act 2014 requires that statutory auditors take part in appropriate programmes of continuing education in order to maintain their theoretical knowledge, professional skills and values, in particular, in relation to auditing, at a sufficiently high level.
IES 8, Professional Competence for Engagement Partners Responsible for Audits of Financial Statements (Revised) focuses on the professional competence requirement for engagement partners who have responsibility for audits of financial statements. It requires engagements partners to develop and maintain professional competence that is demonstrated by the achievement of learning outcomes including, but not limited to, those listed in Table A of the standard.
For details of upcoming relevant auditing CPD please click here.
Further details regarding the CPA CPD programme can be found here.