1. General Information

1. It is the responsibility of every professional accountant to keep their knowledge and v skills up to date so that they remain competent to discharge their duties.
    
2. As of 1st January 2005, all professional accountants who are members of LIA are required to engage in mandatory CPD activities in order to improve and or maintain their competence. The LIA CPD policy is in compliance with IFAC’s IES7. Members are advised to familiarise themselves with the LIA CPD policy document is provided free of charge to all members [1][1][1].

Only one copy is given free of charge to each member, subsequent requests for copies will be charged to members at cost of copying.

2. The LIA CPD Programme

LIA has developed its CPD programme guidelines to assist each member to fulfil the annual CPD requirements and to minimise confusion or uncertainty on how to submit CPD log books and related evidence.

The following steps are recommended for fulfilling CPD and submitting evidence.

1. Step 1: Determine the learning needs before engaging in CPD activities
   
   • Each member is advised to reflect on what kind of competence they need for their current job. These are the professional and personal skills that need to be developed or maintained in order to perform competently in their current and future professional roles.
      
   • The following Table Of Competence (TOC) has been devised to assist members in determining their own required competences. It is worthy to note that each group of competences may have a direct (specific) relevance to a members’ current role or a general relevance.
      
   • A competence has specific (direct) relevance whereby a members’ current professional role requires them to have that particular skill, professional attribute or knowledge in order to discharge their duty. For instance, knowledge of the accounting standards would be directly relevant to those accountants who prepare company accounts or audit such company accounts.
      
   • On the other hand, a competence is deemed to be of general relevance if does not directly relate to the role or responsibility of that accountant but might be directly relevant in the future or is desirable to keep abreast of developments in the area. E.g. knowledge of accounting standards might be of general relevance to all members for keeping them abreast of changes. While strategic management might be of general relevance to accountants whose future career progression might lead to management level.
      
   • Each member may need a number of professional competences that need to be developed or maintained. This could lead to all 5 groups being of specific or general relevance. In such instance a member is advised to prioritise their learning needs but still strive for balance in getting the required competences.