CPD Policy

  • The International Federation of Accountants (IFAC) has made it mandatory for its member bodies to design and implement a Continuing Professional Development (CPD) mechanism in such a way that it becomes a component of continued membership for the professional accountants. In order to facilitate the CPD implementation, IFAC has issued International Educational Standard for Professional Accountants (IES-7), which is in effect from January 01, 2006.
  • Continuing professional development refers to learning activities that develop and maintain capabilities to enable professional accountants to perform competently within their professional environments.
  • It is to be appreciated that the knowledge needed to function effectively as a professional accountant in public practice, industry, commerce, education and the public sector continues to expand and change at a rapid rate with the changes in regulatory environment, international standards and technology.
  • CPD, on its own, does not provide assurance that all members will provide high quality professional service all the time. Doing so involves more than maintaining professional competence; it involves applying knowledge with professional judgment and an objective attitude. Also, there cannot be assurance that every person who participates in a CPD programme will obtain the full benefits of that programme, because of variances in individual commitment and capacity to learn. Nevertheless, it is certain that members who are not up-to-date on current technical and general knowledge pertinent to their work will not be able to provide professional services competently. Therefore, despite the inherent limitations of any CPD programme, a CPD requirement is important in preserving the standard of the profession and also in maintaining public confidence
  • It is the responsibility of the individual member to develop and maintain professional competence necessary to provide high quality services to clients, employers and other stakeholders. Members are free to choose from the opportunities both locally and internationally available, as approved by the CPD Committee, to fulfill their relevant CPD needs.
  • This Directive prescribes that members:
    • foster a commitment to lifelong learning
    • establish benchmarks for developing and maintaining the professional competence necessary to protect the public interest; and
    • monitor and enforce the continuing development and maintenance of professional competence
Effective Date

This CPD directive is effective from February 10, 2011.

CPD Approach
  • The IES-7 states that CPD can be achieved by at least three different approaches:
    • In-put based approaches by establishing a set amount of learning activity that is considered appropriate to develop and maintain competence.
    • Out-put based approaches by requiring professional accountants to demonstrate, by way of outcomes, that they develop and maintain professional competence.
    • Combination approaches by effectively and efficiently combining elements of the input and output based approaches, setting the amount of learning activity required and measuring the outcomes achieved.
  • The Institute has adopted a combination approach before moving towards a comprehensive output-based system.
  • The CPD Committee of the Institute has the responsibility for the establishment of directive and overall coordination of CPD activities for its members in Pakistan & abroad.
  • Branch Councils would coordinate with the CPD Committee in execution of CPD activities
CPD Requirements
  • Every member is required to complete 40 hours in one year or 120 hours in every 3 years period with a minimum of 20 hours in a year.
Measurement of CPD Credit Hours
The CPD credit hours are to be measured as follows
S# Activity Evidence to attached CPD Credit Hours
a Participation in short courses, seminars, conferences, lectures, workshops and trainings (with prior approval of the Chairman, CPD Committee) Copies of certificates of attendance / course contents in case it is a non-ICMAP course. Actual duration of programme - For a full day session a credit of 8 hours and for a half-day session a credit of 4 hours
b Completing degree courses and studying relevant professional certifications Copy of degree / certification As accredited by the HEC approved Institute/ University. For example 3 credit hours course will be measured 3 hours long.
c Relevant research paper published in a peer reviewed journal Original copy of the journal 8 hours
d Contributing article/review or any other relevant material including material in ICMAP's or other, local or international publications

Original copy of the publication 8 hours
e Registered and evidence-based E-learning courses from recognized content providers (with prior approval of the Chairman, CPD Committee). Copy of the certification Actual time consumed by the course/ training.
f Presenter or Session Chairman in To be declared on the Twice the actual
g Voluntary Teaching relevant professional or degree course To be declared on the Reporting Form One and half the actual time of the session subject to maximum of 20 hours per annum.
h Participation in council, committees, branch councils, of ICMAP and other regulatory bodies To be declared on the Reporting Form Actual time of the meeting.
i Writing of books on professional interest, technical and reference manuals including study pack Copy of the publication 1 hour per page of technical content. Maximum 20 hours per release (A4 size paper 12 Times Roman font size).
j As a result of comments received from various stakeholders, the Institute has instituted an interim arrangement with regards to the submission of self-certified readings which will count towards the required number of CPD hours. For the first three-year reporting cycle, members are permitted to submit a maximum of 30 hours of self-certified readings over the three years, with a maximum of 10 hours in any one-year. Self certified readings include, inter alia, relevant journal articles, newspaper reports and subscriptions. Watching videos/CDs of the ICMAP CPD programmes of the Institute by a particular geographical remote area(s) of the Institute. However, CPD hours in respect of the above activity are restricted to a maximum of 20 hours in a year. Further, places where there are established Branch Councils,CPD hours in respect of the above activity are restricted to a maximum of 10 hours in a year(with prior approval of the Chairman, CPD Committee).

Members are encouraged to obtain prior approval from the CPD Committee of Learning Classes and Measurement units.Attendance/topic(s) to be communicated to the CPD Committee within 2 weeks of watching such programme with evidence. Evidence of purchase of videos/CDs will be required

Half of the actual duration
In order to self-certify, a member must maintain a schedule of all such reading material, specifying the following
  • date
  • title of the publication,
  • the title of the specific article and
  • the number of CPD hours in respect of the reading
The schedule must be self-certified on an annual basis and retained as part of their CPD records. It is also recommended that the member make a copy of the relevant reading and certify that they have read it by signing it off and retaining it with the annual reading schedule.
This interim arrangement will be reviewed at the end of the first three-year cycle
Exemption to CPD
  • This directive does not apply to the members who fall in following categories.
    • ill or incapacitated so that he/she cannot perform normal work.
    • retired from whole time business.
    • career breaks.

The measurement of learning activities prescribed should be verifiable by documentary support duly concurred by the CPD Committee.


For all members, non-compliance of this Directive will be reviewed by the CPD Committee and if deemed appropriate the matter may be referred to the National Council.

Recording and Monitoring

CPD records are to be maintained by the CPD Section of the Institute as follows:

  • Where CPD activities are organized by the Institute / Branch Councils
    • The Branch Councils will maintain a register of attendance at Institute organized activities
    • Within two weeks of holding the activity, the register details will be sent to the CPD Section
  • Where a member participates in other CPD credit programmes
    • The member will maintain evidence of the CPD activity e.g. attendance confirmation / copy of article published.
    • On an annual basis the member will complete a CPD declaration form (annexure) summarizing the details of the CPD activities and necessary supporting documents in which they participated based on the credit hours measurement prescribed in para 13
    • The declaration should be sent to the attention of the CPD Section, Head Office, which in time would present such deceleration to the CPD Committee.
    • The above declaration along with supporting evidence must be received by the CPD Section annually by December 31
    • The Branch Councils will summarize the declarations and send a summary to the CPD Section on a monthly basis for updating of records
    • The CPD Section of the Institute will be responsible for maintaining record in respect of members participating in CPD activities and uploading latest CPD data on the website for member's to review.
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 (comulative)
For Admission to Fellow Membership 20 hours
Provision for Members Based in Remotes Areas
The National Council in its 197th 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