Are you recording your CPD points?
The knowledge needed to function effectively as a professional accountant in public practice, commerce, education, the public sector or any other environment continues to expand and change at a rapid rate.
Therefore, continuing the development of your professional competence by enhancing your knowledge and skills will ensure that you deliver the best possible service to your stakeholders and protect the CA(SA) designation.
Being a professional means having an attitude of lifelong learning. In this context, as a SAICA member you are assuredly aware of your obligation to develop and maintain your professional competence.
In terms of paragraph 6 of International Education Standard (IES) 7: "Continuing professional development relates to learning activities that develop and maintain capabilities to enable professional accountants to perform competently within their professional environments."
Examples of verifiable CPD
- Technical meetings
- Developing new systems or processes
- Presenting information to others
- On-the-job training
- Mentoring or being mentored
- Industry published articles
- Committee work including preparation of board meetings, audit committees or other financial services or trade organisations
- In-house presentations on products, preparing papers and contributing to technical meetings
- Action-based learning (research problems)
- Further qualifications, for example Chartered Financial Analyst (CFA), web-based learning/training
- CPD clubs or discussion groups
- Watching programmes on DSTV's Summit TV channel
- Watching technical DVDs in a group or discussion session
Examples of verifiable sources
- Course/ training certificates
- Attendance registers at meetings/ workshops
- A note in a diary
- Third-party attendance verification
- Minutes of a meeting
- Research papers
- Strategy documents or presentations
- Course material
Examples of non- verifiable
- Reading business sections of newspapers and professional journals for example, Accountancy SA, Financial Mail, Finweek and the Economist as well as web pages
- Watching technical DVDs
- Self-study that does not lead to any formal assessment or research paper
CPD overall requirement
The CPD recording system is available to all members of SAICA for efficient recording of CPD activities. SAICA members who are also Registered Auditors may change their membership type to record CPD in the format required by IRBA for the allocation in the three learning areas.
The first CPD cycle covers a period of three years, from 1 January 2006 to 31 December 2008. The second cycle will start on 1 January 2009 and end on 31 December 2011.
CPD resources and communications