CPD for responsible individuals faces increased scrutiny and with effect from 1 July 2016, you were required to ensure you satisfied the requirements of International Education Standard 8 'Professional Competence for Engagement Partners Responsible for Audits of Financial Statements' as well as maintaining adequate records of your continuing professional development. As a result, the ICAEW RAID principle supports this approach. We encourage you to refer to Continuing Professional Development (CPD) for more information on RAID and the guide to IES 8 CPD updates (in Audit and Beyond Issue 232) if you have any questions.
The increased scrutiny requires you to complete the following documents in addition to your usual CPD records. We will then be able to determine whether the CPD you have completed is appropriate. (Please note: the documents on this page are only relevant to you if you have received an email from the ICAEW CPD Review team asking you to complete them).
This year's review also includes a review of the CPD category under the revised CPD Regulations. You will be able to work out what category you belong to by using the self-assessment category and reviewing the guidance available.
Thank you for supporting this exercise and helping all our members to complete appropriate CPD for their roles and circumstances.
What do you need to do?
Please follow the 4-step process below.
STEP 1. Download and complete the RI Questionnaire.
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 2023 CPD year/period (1 November 2022 to 31 October 2023)
- 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 and professional scepticism
- Professional skills and development
III. Actions
- 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 2024 and
VI. Your reflections for 2024
STEP 3. Add a copy of your internal CPD records, if appropriate.
STEP 4. Complete the CPD Category questionnaire and email all the documents to ICAEW.
Please email all documents to cpdreview@icaew.com no later than the deadline (as stated in the email you have received).
Do you need help?
We have provided some useful guidance and frequently asked questions to assist you in the process. If you have any questions about what you need to do, please refer to the guidance notes and the CPD Records Review FAQs helpsheet.
As this is a regulatory request, 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 cpdreview@icaew.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.