Continuing Professional Development (CPD)

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CONTINUING PROFESSIONAL DEVELOPMENT (CPD)

Keeping in view the importance of Continuing Professional Development and following the guidelines set by IFAC, the National Council has prescribed mandatory C.P.D. requirements for its members, associates/fellows, practising, non practicing and senior students w.e.f. July 1994. The members/ have to acquire specified CPD credit hours in a calendar year.

The main features of the scheme are as follows:

Applicability:

	The CPD hours are applicable to all members and senior students (PIII & PIV).
	Exemption is granted to ill, incapacitated and retired members.

Minimum hours to be completed during a calendar year:

	Practising Members (for Renewal of COP)	30 hours
	Practising Member (for New COP)	20 hours
	Non Practising Members	20 hours
	Members overseas	5 hours
	For Admission to Associate Membership	20 hours (commulative)
	For Admission to Fellow Membership	20 hours

Provision for Members Based in Remotes Areas:

The National Council in its 197^th meeting decided that stations other than Karachi, Lahore and Islamabad, located beyond radius of 50 KM from these cities would be treated as Remote Areas for the purpose of CPD. CPD Hours requirement for the members of Remote Areas would be as follows:

	Fellows / Associates/ Students	10 hours
	Certificate of Practice (new)	10 hours
	Certificate of Practice (Renewal)	15 hours

CPD Hours System:

When you attend a Seminar, Conference or perform some other activity at/of ICMAP make sure to sign the Attendance Register placed specifically by the Members Section to maintain computerized record of CPD Hours earned. However, if a member attends seminar/conference at some other specified institution he/she should obtain an evidence of the participation and forward the same to the Members Section where the record is updated.

Every Member can access CPD hours statement through Members' Area on ICMAP website.

HOW TO EARN CPD HOURS

CPD Activity			Hours
	Participation in Seminar or Workshop approved		-	Within Pakistan : One hour for every two hours of actual participation
			-	Abroad : One hour for every one hour of actual participation
	Lecturers at a Seminar / Workshop		Eight hours per seminar or workshop
	Participation in CPD Committee’s approved conference as:
-		Paper Writer	Eight Hours
-		Chairman of a Technical Session	Actual Hours Subject to a maximum of 3 Hours
-		Commentators	Two Hours
-		Study Group Leader (above credit is in addition to actual hours participation)	Two Hours
-		Participants	One Hour for every 2 hours of participation
-		As Member Seminar/ Conferences Committee	Two Hours for each meeting
-		As council Member or as a Member of a Committee setup by the Council of the Institute	One hour for every four hour of actual participation
	Contributing articles of professional importance in a professional journal		Eight Hours per article
	Writing an Article for the Institute’s Journal		Eight Hours per article
	Member submitting Technical Paper/ Report to a National Council Committee		Three Hours per Paper / Report
	Report / Comments on exposure draft of International Accounting Standard, provided the report/ comments are cleared by the Council for submission to IAS Board/IFAC		Eight Hours
	Drafting Cost Audit Rules/ Regulations		Fifteen Hours
	Reviewing draft of Cost Audit Rules/ Regulations		Two Hours
	Contributing a research paper to the Institute’s Research Department		Five Hours
	Completing any computer course from ICMAP computer centres		One hour for every four hours of training time

Recognized Institutions for CPD Hours
	Aims Investment Advisory Company (AIAC)
	All constituent professional bodies of Confederation of Asian Pacific Accountants (CAPA)
	All constituent professional bodies of International Federation of Accountants (IFAC)
	All constituent professional bodies of South Asian Federation of Accountants (SAFA)
	Al-Qalam Institute of Islamic Economics
	Bahauddin Zakaria University, Multan (BZU)
	Chartered Institute of Management Accountants (CIMA)
	Computer Infinity (Pvt.) Ltd.
	Institute of Business Administration (IBA)
	Institute of Chartered Accountants of Pakistan (ICAP)
	Institute of Corporate Secretaries of Pakistan (ICSP)
	Institute of Management Accountants (USA)
	Lahore Institute of Management Science (LUMS)
	Management Association of Pakistan (MAP)
	Memon Professional Forum (MPF)
	Niche, Karachi
	Pakistan Consortium of Governmental Financial Management (PCGFM)
	Pakistan Institute of Public Finance Accountants (PIPFA)
	Tax Bar Associations of Pakistan
	The University of Lahore

Last updated on :Tuesday, August 26, 2008