You have been selected to present your CPD record for review as a Responsible Individual.
CPD for Responsible Individuals faces increased scrutiny and with effect from 1 July 2016, you were obliged to ensure that you satisfy the requirements of International Education Standard 8 “Professional Competence for Engagement Partners Responsible for Audits of Financial Statements” and keep formal CPD records in a sufficient format. The ICAEW “RAID” principle supports this. If you need any clarification, please refer to Continuing Professional Development (CPD) for details on RAID. You will also find guidance on IES 8 CPD update tips.
Due to this increased scrutiny, we need you to complete the documents below in addition to your usual CPD records so that we are able to form a judgement as to the appropriateness of the CPD you have undertaken.
What do you need to do?
Please follow the 3-step process below.
STEP 1. Download and complete the RI Questionnaire.
Download the RI Questionnaire here.
STEP 2. Download and complete your CPD Records.
In order to do so, please use the CPD Record Template.
You should include the following information:
I. A detailed description of your Role & Responsibilities covering:
- A description of all your role/s held during the 2021 CPD year/period (1 November 2020 to 31 October 2021).
- Identify any aspects of your role that carry any risks eg, Executive Director of PIEs, FCA regulated, Audit, KAP, Insolvency, MLRO, Probate Licence holder.
II. Reflect – A detailed description of your development needs which must cover:
- Changes to your role
- Technical aspects
- Ethics & professional scepticism
- Professional skills and development
- Detail what activity you have undertaken – reading/ research / courses/ webinars/ shadowing/ discussions.
IV. Outline the Impact of those actions and
V. Detail any matters carried forward to 2022 and
VI. Your reflections for 2022
STEP 3. Add a copy of your internal CPD records and email the documents to ICAEW.
Please email all documents to firstname.lastname@example.org no later than the deadline (as stated in the email you have received).
Do you need help?
This is a regulatory request, and we are obliged to notify our Professional Conduct Department of any member who fails to respond to this request. Should you require any further assistance please do not hesitate to contact our department via email@example.com.
Data Protection information
The protection of personal privacy is an important concern to ICAEW. Any personal data collected will be treated in accordance with current data protection legislation. We will use your personal data to carry out our responsibilities as a regulator and as a professional body, to monitor compliance with ICAEW’s Principal Bye-law 56 relating to Continuing Professional Development, for administration and to communicate with you on matters relating to the review of your continuing professional development records. We may, either as required by law or to carry out our responsibilities, share your personal data with other professional bodies and regulators. When specifically required due to your location, we may also transfer your information outside of the European Economic Area (EEA). Where data is transferred outside of the EEA, it is done on the basis of appropriate safeguards. For more information about our data protection policy please go to icaew.com/dataprotection.