About CPD

WHAT IS CONTINUING PROFESSIONAL DEVELOPMENT (CPD)?

CPD is the means by which members of professional associations maintain, improve, and broaden their knowledge and skills and develop the personal qualities required in their professional lives. CPD requires professionals to undertake learning activities that develop and maintain capabilities to perform competently within the professional environment. The business industry look at the members of any professional body with an expectation for updated knowledge and skills and will not accept any member of a professional association that does not conform to some form of CPD. Therefore, it is the sole duty of the members to develop their skills and knowledge throughout the career.

BENEFITS

Planning, doing and recording your CPD will allow you to: –

Provide evidence of your commitment within your profession and of your continuing competence

  • Have an excellent reference document for both updating your CV and in providing a base of future reference of topics you have studied
  • Hold a useful aid for career development and allow you to plan, record and review your relevant activities
  • Have an awareness of your shortcomings and a strategy to overcome them
  • Exploit change and not be driven by it
  • Exploit change and not be driven by it

The professional association in particular and the profession in general will benefit by having: –

Provide evidence of your commitment within your profession and of your continuing competence

  • Efficient and skilled members
  • Motivation to develop and learn increases members performance which contributes to business objectives of the organizations they are working for
  • Create the image of a progressive and committed organization that maintains development following professional qualifications
  • Members who are able to adapt more readily to changing demands within their profession
  • Exploit change and not be driven by it

The market will benefit from: –

Provide evidence of your commitment within your profession and of your continuing competence

  • The assurance that the professionals are maintaining skills and developing new skills whilst ensuring that their skills are passed to other members
  • Establish a quality benchmark of the competence of all members

ICAP’S APPROACH TO CPD

All ICAP members are required to participate actively in Continuing Professional Development throughout their careers. ICAP’s approach to CPD is formulated to assist you in maintaining and developing the required knowledge in skills needed to succeed in today’s dynamic business environment. We put our best efforts to ensure that our members adopt the highest standards of professionalism and therefore design top quality programs that comply with the International Federation of Accountants (IFAC).

DEVELOPMENT ACTIVITIES THAT COUNT AS CPD HOURS

CPD is about improving your own performance and those of others at work, enhancing your career prospects, increasing your capacity for learning and being more efficient and confident when faced with challenges

Your CPD activities that count as CPD Hours include

  • Attending training courses, seminars, workshops and conferences
  • Serving on committees and technical committees of your professional association
  • Undertaking distance and open learning packages and qualification
  • Technical authorship of papers, teaching and facilitating or preparing of lectures for organized events
  • Reading a book or journal such as Pakistan Accountant