Download CPD Directive (PDF format)    8.01                         8.02

A robust CPD scheme is absolutely essential to our constantly evolving profession which sees substantial new legislation introduced on a regular basis. In this context, international conferences elevate our status as a global contributor to the profession. In addition they provide exposure and maximum participation to our members.

It is essential that the Institute should have a structured Continuing Professional Development program that is relevant to the needs of our members and enables them to carry out their professional work with proper regard for the technical and professional standards expected of them, in pursuance of the terms of clause 3.2 (b) of the Institute’s Code of Ethics.

To assist members in fulfilling their CPD obligations, the Institute has developed a revised CPD Directive for full compliance with the requirements of IES 7 which mandates 40 CPD hours per year, or 120 hours in a rolling period of 3 years, for both practicing and non-practicing members. The salient features of the new Directive are as follows:

• The new Directive prescribes that members foster a commitment to lifelong learning
• The new Directive while briefly describing various CPD approaches mentions that ICAP has adopted a Combination approach and in due course of time will move towards a comprehensive Out-put based approach.
• The Regional Committees would coordinate with the CPD Committee in constitution of the City CPD Sub-Committees, execution of CPD activities and reporting to the CPD Committee.
• For a full day of CPD activity, 8 maximum credit hours are allowed for the day.
• On completing degree courses as many CPD hours are allowed as accredited by the HEC approved
  Institute/University for that course.
• Presenters or Session Chairmen in CPD programmers will be allowed twice the actual time of the presentation.
• Writing books on professional interest/reference manuals/study packs will contribute towards a maximum of 20 hours per release.
• Participation in Council, Committees, Working Groups of ICAP and other regulatory bodies will entitle a member to avail CPD credit for the actual time of the meeting.

The following new activities are now included in the accredited CPD activities.
 

1. E-courses
2. Teaching relevant professional or degree courses
3. Research paper published in a peer reviewed journal
4. Watching videos/CDs of ICAP CPD programmers
5. Self certified readings (interim arrangement)

Following three exemptions are incorporated in the new Directive:

1. Sick or incapacitated so that he/she cannot perform normal work
2. Retired from whole time business
3. Career breaks

The previous CPD exemption available to practicing members above 70 years of age and   non practicing members above 60 years of age has now been withdrawn.

For all members, non compliance of this Directive will be reviewed by the CPD Committee and if deemed appropriate the matter will be referred to the Executive Committee.

ICAP’s CPD Program continues to offer a diverse array of topics covering the core competencies of the CA profession. Regional and local CPD Committees successfully organized 71 CPD seminars/workshops at Karachi, Lahore, Islamabad, Multan, Faisalabad, Peshawar, Jeddah and Dubai offering 232 CPD credit hours for members, as compared to 76 CPD activities with 296 CPD credit hours in the previous year. During 2006-2007 the CPD Committee has initiated a CPD update via electronic mail for members announcing various CPD activities, suggesting useful websites and books etc. The CPD Department is also planning to start Management Development Programs and e-courses for members.