All Members must complete the following CPD requirements:
- Complete at least 120 hours or equivalent learning units of relevant professional development activity in each rolling three-year period, of which 60 hours or equivalent learning units should be verifiable;
- Complete at least 20 hours or equivalent learning units in each year; and
- Track and measure learning activities to meet the above requirements.
Our current 3 year CPD cycle commenced on 01/11/2014. The total requirement over the 3 year rolling period is 60 structured hours and 60 unstructured hours.
The total annual CPD requirement is now 20 structured hours, however you may declare to make up any shortfall within the measurement year to the end of December of that year subject to prior agreement with the Institute.
The CPD year is measured from 1 November to 31 October each year as follows;
- Year 1: 01 November 2013 to 31 October 2014,
- Year 2: 01 November 2014 to 31 October 2015,
- Year 3: 01 November 2015 to 31 October 2016, 8 months, 3 weeks, 1 day, 18 hours ago
Relevant Professional Development Activity
Structured Learning is considered to be any learning that has been achieved in a
- Attending a specific classroom based course on a relevant subject matter;
- Formal study in a relevant area (including eLearning);
- Lecturing on subjects that fall under the broad heading of accounting or related fields;
- Attending relevant briefings (Revenue Commissioners, Companies Registration Office etc);
- Volunteering to participate on Boards and/or Committees of the Institute, including attending meetings on behalf of the Institute; and
- Participation as a speaker in conferences, briefing sessions and networking/discussion groups.
You may also satisfy up to 20 hours of your CPD requirements in any year using relevant unstructured learning. Unstructured learning can be achieved in a number of ways including:
- Technical reading in a wide range of areas including Accounting, Tax, Corporate Reporting or any number of other similar areas of professional work;
- Group discussions and network events on relevant matters;
- On-the-job training such as briefings received from other professionals while working; and
- Professional writing or Scholarly Research in accounting or accountancy related areas.
All such Unstructured Learning must be declared as part of your annual CPD return.