Continuing Professional Development
The ongoing development of knowledge, judgement and expertise is
essential in today’s business environment. That is why
NZICA’s Code of Ethics includes an obligation for you to maintain
standards of competence and to carry out work in accordance with
appropriate technical and professional standards throughout your
professional career.
Minimum annual requirements
The current minimum annual requirements for CPD are listed below. You
must declare your CPD hours when you complete your annual return.
- Chartered Accountants (CAs) are required to complete 120 hours of
relevant CPD over each rolling three year period, of which 60 hours must
be verifiable. A minimum of 20 hours CPD must be completed in each year,
and for the first two years of the first rolling period (1 July 2010- 30
June 2011 and 1 July 2011-30 June 2012) these 20 hours must be
verifiable CPD.
- Associate Chartered Accountants (ACAs) admitted to NZICA after June
2006, are required to complete 90 hours of relevant CPD over each
rolling three year period, of which 45 hours must be verifiable. A
minimum of 15 hours CPD must be completed in each year, and for the
first two years of the first rolling period (1 July 2010- 30 June 2011
and 1 July 2011-30 June 2012) these 15 hours must be verifiable
CPD.
- Accounting Technicians (ATs) are required to complete 60 hours of
relevant CPD over each rolling three year period, of which 30 hours must
be verifiable. A minimum of 10 hours CPD must be completed in each year,
and for the first two years of the first rolling period (1 July 2010- 30
June 2011 and 1 July 2011-30 June 2012) these 10 hours must be
verifiable CPD.
CPD records
You are required to maintain a record of your CPD, retain this for a
minimum period of five years, and make records available for monitoring
purposes.
Mandatory ethics
You need to ensure that you undertake a minimum of four hours of
ethics training every five years. NZICA is developing training in this
area.
Exempt and concessionary categories
For information on exempt and concessionary categories see
the CPD guidelines below.
CPD guidelines
We have produced guidelines for members that give information about
the CPD policy and about how to get most benefit from your continuing
professional development.
CPD
online log
A CPD Log is now available for you to enter and maintain your CPD
records.
CPD training needs
Verifiable and non-verifiable
activity
