Retirement and Continuing Professional Development (CPD) How does being retired affect my CPD requirements? Were you working in any capacity during the year? If yes, you have a full CPD requirement. If no, and there was no reliance by a
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Presentation Transcript
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Retirement and Continuing Professional Development (CPD)<br>
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How does being retired affect my CPD requirements? Were you working in any capacity during the year?
If yes, you have a full CPD requirement.
If no, and there was no reliance by a third party, you may not have a requirement. However you must still make an annual declaration.<br>
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Did you volunteer during the year? Did you volunteer:
Where your role involves signing financial statements, information returns or other government filings, grants, applications or similar documents.
Were you serving on a body with governance or oversight responsibilities where you:
Served on a finance, audit or similar committee;
Are the chair of the organization; or
Are looked to for financial guidance if something went wrong financially.
If you volunteered in any of these capacities, you have a full CPD requirement.<br>
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Competencies of a CPA Competencies include technical and enabling and are not limited to financial activities.
Technical competencies:
Financial Reporting
Management Accounting
Strategy and Governance
Taxation
Finance
Audit and Assurance
Enabling Competencies:
Professional and ethical behavior
Problem-Solving and Decision-Making
Communication
Self-Management
Teamwork and leadership<br>
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Retired during the year? Working in any capacity during the calendar year results in a full CPD requirement.
Reflect on anything you learnt during the year – not just courses, conferences or seminars, but all learning opportunities. Can this learning be verified by tangible evidence or a third party?
If you still don’t meet the CPD requirement, declare “non-comply” and tell us why – the CPA Alberta Compliance Team will contact you to discuss your options.<br>
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Working in an unrelated field? If you are working in an unrelated field you may request an exemption from CPD requirements.
Examples of unrelated fields would be:
Department store greeter
Golf course attendant
Gas station attendant
Restaurant server<br>
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Do I have to complete a declaration every year? Every member must complete the CPD declaration annually, even if your situation has not changed from the prior year.
Other benefits of annual CPD declaration:
Singular “touch point” every year to ensure our member records are correct/accurate;
Allows CPA Alberta to notify members of any change to the CPD requirements.<br>
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In Review: Retirement may or may not affect your CPD learning activity requirement.
All members must make a CPD declaration annually.
Contact the Member Registrations team at cpdreporting@cpaalberta.ca call toll free: 1-800-232-9406<br>
