| CONTINUING PROFESSIONAL DEVELOPMENT |
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Quorum Training has long recognised the value of CPD for the professions as a means of maintaining and enhancing the knowledge base of those working in the finance and allied fields.
The majority of our courses are either accredited for CPD purposes or recognised as meeting the CPD requirements of a wide variety of professional bodies.
In May 2004 the International Federation of Accountants (IFAC) published its ‘International Education Standard for Professional Accountants’. It is on this standard that most professional bodies are basing their revised CPD polices. For a full list of IFAC members or a copy of the standard please go to www.ifac.org.
A summary follows of the major professional bodies whose CPD schemes either accredit or will recognise Quorum’s courses.
If you are looking for courses that meet your CPD requirements during a certain period then use our calendar of events on our website to identify what is available during that period.
For the purposes of the schemes detailed here, a one day Quorum course comprises 6 hours of tuition.
Some professional bodies allow members to claim for time attended.
| IFAC Member bodies & Affiliates in the UK, Ireland and USA |
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| The Chartered Institute of Management Accountants (CIMA) |
A new CPD policy came into force on 1 January 2006. Each year members are asked to follow the following Development Cycle to comply with CIMA’s CPD Policy: Define, Assess, Design, Act, Reflect, Evaluate.
| CPD requirements: |
Whilst mandatory there is no minimum requirement for the number of hours to be undertaken.
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| CPD year: |
Calendar year. |
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| The Institute of Chartered Accountants in England and Wales (ICAEW) |
The new CPD scheme came into force on 1 January 2005. Each year members are asked to reflect, act, consider and confirm their commitment to CPD.
Attendance at Quorum events may contribute to meeting your CPD requirements under the terms of ICAEW's CPD policy
| CPD requirements: |
Whilst mandatory there is no minimum requirement except
for audit / insolvency members.
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| CPD year: |
Calendar year. |
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| Chartered Institute of Public Finance and Accountancy (CIPFA) |
At the AGM in 2003 members voted to introduce a mandatory CPD scheme from 1 January 2005.
| CPD requirements: |
A minimum of 120 hours over a three year period with a minimum
of 20 hours verifiable activities in any one year.
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| CPD year: |
Calendar year unless otherwise agreed. |
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| The Association of Chartered Certified Accountants (ACCA) |
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From the 1 January 2005 the association implemented a mandatory CPD policy for all its members. Phased over the following three years all members will be required to participate.
Quorum Training is an ACCA Registered CPD Provider
ACCA members wishing to be credited with attendance should
notify us on the day
| CPD requirements: |
A minimum of 40 units of development activity per year of which 21 must be verifiable.
[ 1 unit = 1 hour ]
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| CPD year: |
Calendar year. |
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| The Institute of Chartered Accountants in Scotland (ICAS) |
The institute is to introduce mandatory CPD for all members from 1 January 2006. Whilst there is no minimum requirement for CPD the emphasis for each member is on what is reasonable for his/her particular role and career stage.
| CPD requirements: |
No minimum requirement
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| CPD year: |
Calendar year. |
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| The Institute of Certified Public Accountants in Ireland (CPAI) |
In 1991 Continuing Professional Education became mandatory for all members.
Revised in the light of the IFAC Standard the new requirements are below.
| CPD requirements: |
A minimum of 120 hours over a three year period of which 75 hours are to be structured CPE.
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| CPD year: |
Calendar year. |
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| The Institute of Chartered Accountants in Ireland (ICAI) |
Introduced on 1 January 2001, the current policy makes CPD mandatory for all members.
| CPD requirements: |
A minimum average of 20 hours structured and 20 hours unstructured CPD per year over a three year period.
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| CPD year: |
Calendar year. |
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| CPA Australia (CPAA) |
CPA Australia has had a mandatory CPD Policy since 1999.
| CPD requirements: |
A minimum of 120 hours over a triennium, with a minimum of 20 hours CPD in any one year.
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| CPD year: |
Calendar year. |
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| The Institute of Chartered Accountants in Australia (ICAA) |
ICAA operates a mandatory CPD Policy.
| CPD requirements: |
A minimum of 120 hours over a triennium.
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| CPD year: |
1 July to 30 June. |
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| The Association of Accounting Technicians (AAT) |
From 1 January 2007 AAT’s CPD Policy, whilst mandatory for all members, will no longer be based on hours, but on outcomes and benefits that members derive from doing professional development activities.
| CPD requirements: |
No minimum requirement.
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| CPD year: |
Calendar year. |
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| The Institute of Internal Auditors (CIA, CCSA, CFSA, CGAP) - USA |
The Institute of Internal Auditors Inc has had a mandatory but self-certifying CPE policy for a numbers of years.
| CPD requirements: |
CIA members a minimum of 80 hours acceptable CPE every 2 years.
CCSA, CFSA, CGAP members a minimum of 40 hours acceptable CPE every 2 years
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| CPD year: |
Calendar year. |
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| Tax Professional Bodies |
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| Chartered Institute of Tax (CIOT) |
Introduced in 1991 as a voluntary scheme CPD became mandatory for all members in 1996..
Quorum’s Tax and VAT courses qualify as structured education under
the Institute’s scheme for continuing professional development.
| CPD requirements: |
A minimum of 90 hours of CPD per year of which 20 hours must be structured.
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| CPD year: |
Calendar year. |
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| Association of Taxation Technicians (ATT) |
Introduced in 1996, CPD became mandatory for all members in January 2002.
| CPD requirements: |
A minimum of 45 hours of CPD per year of which 15 hours must be structured.
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| CPD year: |
Calendar year. |
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| LAW Professional Bodies |
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| Solicitors Regulation Authority |
| Introduced in 1985 the Law Society’s CPD scheme has always been mandatory.
Quorum courses relevant to solicitors are accredited under the Solicitors Regulation Authority scheme - Solicitors wishing to be credited with attendance should notify us on the day.
| CPD requirements: |
A minimum of 16 hours CPD per year.
|
| CPD year: |
From 1 November until 31 October the following year. |
|
| Bar Standards Board |
| Barristers are required to follow a mandatory CPD scheme.
Quorum is accredited by the Bar Standards Board to provide accredited courses under the CPD scheme. Courses in the Business Law and Corporate Governance programmes are accredited, as well as selected Tax and Personal & Management Skills courses.
If a course is not accredited, one-off accreditation may be possible, please ask.
| CPD requirements: |
A minimum of 12 hours CPD per year.
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| CPD year: |
Calendar year. |
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| Institute of Legal Executives (ILEX) |
The ILEX scheme is compulsory for all Fellows of the Institute.
Courses relevant to legal executives are accredited under the scheme.
| CPD requirements: |
A minimum of 8 hours CPD per year.
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| CPD year: |
Calendar year. |
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| OTHER PROFESSIONAL BODIES |
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| Association of Corporate Treasurers (ACT) |
| The ACT scheme is voluntary, remaining the responsibility of the individual, but all members are expected to keep themselves current in basic Treasury matters. |
| Chartered Insurance Institute (CII) |
The CII scheme is mandatory but self-certifying. A wide variety of activities can be used for CPD purposes. Participation in the scheme is a requirement of continuing to use the designatory letters.
| CPD requirements: |
A minimum of 100 credits per year.
[e.g. One training day = 25 credits]
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| CPD year: |
Calendar year. |
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| Institute of Chartered Secretaries and Administrators (ICSA) |
Introduced in 1995 the ICSA scheme is voluntary and not mandatory. It recognises a number of categories, from short courses to self-study, as contributing to CPD..
| CPD requirements: |
A minimum of 35 hours.
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| CPD year: |
Calendar year. |
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| Institute of Internal Auditors UK and Ireland (IIA) |
The Institute’s CPD scheme, although not mandatory, provides a self-assessment approach to identifying individual skills, competencies and areas for development. Members should produce professional development plans.
| CPD requirements: |
No minimum requirement
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| CPD year: |
Calendar year. |
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| International Compliance Association (ICA) |
ICA requires all members (Fellows and Members) to undertake a programee of CPD each year as a condition of membership.
| CPD requirements: |
15 hours approved CPD/CPE activities per year, which have to be reported annually.
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| CPD year: |
Calendar year. |
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Quorum Training Ltd, Tavistock House, Tavistock Square, London WC1H 9TW
Telephone: +44 (0)20 7388 2044 Fax: +44 (0)20 7380 0377 E-mail: courses@quorumtraining.co.uk
DX: Quorum Training Ltd, 122013, Tavistock Square 2
© Quorum Training Limited, September 2000/08 |
