INSTITUTE OF CHARTERED ACCOUNTANTS OF BARBADOS
CONTINUED PROFESSIONAL DEVELOPMENT COURSES (CPD)
As set out in the Regulations of the Institute of Chartered Accountants of Barbados, applicants admitted to membership should:
(a) meet the Continuing Professional Development targets in the Institute’s current Guidelines for Continuous Professional Development throughout the period or periods of Approved Practical Experience and subsequently;
(b) keep records of the Continuing Professional Development achievements during the period or periods and subsequently produce those records for inspection, if required, by the Committee;
(c) confirm in writing to the Membership Committee each year during the period or periods of Approved Practical Experience and when seeking confirmation of eligibility to practice, that they have read, understood and complied with the Institute’s Guidelines for Continuing Professional Development.
Members must complete a minimum of 20 CPD hours in each year, and a minimum of 120 CPD hours in each rolling three-year period, of which 60 hours must be verifiable.
(a) Structured Courses
Hours for structured courses can be achieved through attendance at technical meetings, seminars, lectures, courses (including pre-course/meeting preparation) and through distance learning where the course is assessed and/or leads to a further qualification.
A maximum of 14 hours per annum will be allowed for the following:
· Each major change in job environment
· Each major involvement in effecting mergers, take-overs, public share issues, development and implementation of major financial or management information systems.
· Employment related experience involving the completion of a project or assignment which required the member to research or obtain knowledge in a qualifying field.
· Each article of brief published on a qualifying topic
· A maximum of 40 hours per annum will be allowed for study leading to post-graduate or another professional qualification.
(b) Unstructured Courses
· Reading technical, professional, financial or business literature
· Use of audiotapes, videotapes, correspondence courses, etc (where no participation is required)
· Participation in meetings, briefing sessions or discussion groups (where no technical material is prepared by the member)
· Service as a member of a technical committee of a professional accounting body or individual firm (where no technical material is prepared or reviewed by the member).