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CPD definitions

Definitions relating to continuing professional development (CPD).

A

Annual Members’ Profile

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Annual Members’ Profile

The questionnaire or similar document sent to members by ICAEW requesting information under the Regulations Governing the Information to be Supplied by Members.

B

business days

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business days

Normal working days excluding Saturdays, Sundays, Public and Bank holidays.

C

Committee

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Committee

The committee appointed by Council for the purposes of the supervision of Continuing Professional Development under Principal Bye Law 56.

Continuing Professional Development or (CPD)

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Continuing Professional Development or (CPD)

Continuing Professional Development or (CPD) means the provisions of Principal Bye Law 56 namely that a member shall:

a) keep under review his needs for training and development having regard to the professional and other work he undertakes;

b) where such a review identifies a specific need for training or development act promptly to meet such need; and

c) certify annually to the Institute compliance with these provisions and, if requested by the Institute, provide such evidence of compliance as may be required.

Council

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Council

Council of ICAEW.

CPD exempt member

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CPD exempt member

A member who –

a) provides no accountancy service (with or without reward); and

b) provides no other service for reward; and

c) does not act as a trustee, director of a body corporate or in any other capacity which carries with it an equivalent level of legal or financial responsibility; and

e) has no intention of providing the services in (a), (b) or (c) of this paragraph in the future.

D

E

F

G

H

I

ICAEW

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ICAEW

Institute of Chartered Accountants in England and Wales.

J

K

L

M

member

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member

A member of ICAEW and membership shall be construed accordingly.

N

O

P

Q

R

S

T

U

V-Z

work

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work

a) the provision of any accountancy service as defined in the Council Statement on Public Practice *(with or without reward);

b) the provision of any other service for reward;

c) acting as a trustee, director of a body corporate or in any other capacity which carries with it an equivalent level of legal or financial responsibility.

 

* Extract Council Statement on Public Practice Section 6.2. ‘Accountancy services include preparing or advising upon accounts or financial information, auditing and financial reporting, insolvency, taxation and financial (or management) consultancy but in the case of consultancy work only where the principal consultancy activity is accountancy related.’

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