CPD Special Provisions
CGA Association Adopts National Standard for Continuing Professional Development
CGA has adopted a new national Continuing Professional Development (CPD) Standard establishing minimum requirements for CPD and ensuring that CGA conforms to the International Federation of Accountants (IFAC) International Education Standard for Professional Accountants 7 (IES 7). This new standard is a supplement to the Code of Ethical Principles and Rules of Conduct (CEPROC).
As a founding member of IFAC, CGA-Canada fully supports IFAC’s mission of championing high quality global standards for the profession. This international organization works with 163 member bodies in 119 countries to protect the public interest by promoting high quality practices by the world’s accountants.
In May 2004, IFAC published IES 7, which sets out requirements for an international standard of CPD. As a member of IFAC, CGA must comply with the new requirements and associated professional standards. In March 2005, the CGA-Canada Board adopted the revised CPD guidelines.
Summary of Changes
This new requirement will take effect for the 2007 reporting year and will change the way members currently assess their continuing professional development activities. Activities will now be split into two main areas, verifiable and non-verifiable. Verifiable activities are defined as learning activities that can be verified by an organization or source or entails an appropriate assessment process. The new policy also moves us away from our current credit system to an hours-based process. All members will be required to earn 120 hours, on a three-year moving total, with a minimum of 60 hours being verifiable.
Section Activity Codes and Applicable Credit Hours
CPD Declaration Form
Please click here to view FAQ for New CPD Standard.
Archive Document: CPE Policy and related documents applicable till year 2006