Not at present. We last reviewed the CPD Regulations and Guidance in 2022 with minor amendments made coming into effect from January 2023. An ongoing assessment is undertaken as to whether the regulations and guidance remain relevant to our aims and membership. This work is led by the Professional Standards Committee and associated CPD working party and we take into account feedback from our members and third parties. We also review the results of our annual check of member records.
Whilst the ICAEW has now re-introduced an hours requirement to give a base line to their members, they continue to adopt the reflective approach to CPD (RAID - Reflect, Assess, Impact, Declare) and the CPD undertaken to meet the hours requirements must be relevant to their members’ roles.
Our own approach is similar in that we suggest our members should plan for, take action to meet, and reflect upon their annual CPD requirements. All CPD undertaken must be relevant to a member’s duties. If our members do not work in tax but they use their membership designations (for example on their email footer) they are still required to undertake CPD. Those in a non-tax role therefore need to ensure their CPD is relevant to their area of work.
Our members continue to indicate high levels of CPD learning and compliance with the CIOT/ATT CPD Regulations and we assess this through:
- The responses provided by members on their annual return. The annual return is a membership requirement and provides information to us on their professional activities including compliance with a range of legal and membership requirements, including confirmation of compliance with the CPD Regulations;
- The results of the annual CPD check of a sample of member records.
Whilst we no longer have ‘hours based’ CPD requirements many members continue to include this data in their records when selected to be part of our annual check. We see that on average our members record more CPD hours than those being required by ICAEW following their CPD regulation changes:
From reviews of a sample of 2022 records which recorded CPD hours:
ICAEW’s CPD Category 1 for in practice members, which is their highest risk rated activity and CPD requirement, requires 40 hours of CPD. Their lowest CPD category risk status for members not in practice requires 20 CPD hours.
These annual return and CPD check results indicate good levels of compliance At present therefore we have not identified a need to return to a solely hours-based approach.