The professional competence required to perform the role of a Registered Auditor (RA), continuously evolves and develops. Due to the dynamic environment in which RAs function, the competence demonstrated at entry to the profession is likely to lose relevance and accordingly, require modification over time.
Therefore, RAs are expected to develop and maintain relevant professional competence as they anticipate and adapt to changes in processes, technology, professional standards, regulatory requirements and client demands.
In terms of the IRBA Code of Professional Conduct for Registered Auditors, RAs have a duty to attain and maintain professional knowledge and skill at the level required to ensure that clients receive competent professional services, based on current technical and professional standards and relevant legislation. This duty has a direct consequence on an RA’s responsibility to act in the public interest.
Continuing Professional Development (CPD) is the means by which RAs develop and maintain professional competence to perform their current and future roles.
Registered Auditors are encouraged to read this CPD policy together with the related guidance relevant when applying the policy.
The CPD Framework is a continuous cyclical process to be followed by RAs to better connect CPD to the responsibilities of their roles as RAs.
Figure 1: CPD Policy section 3.2