Amendments to CPE Requirements

The Council of the ICAJ has taken a decision to amend the CPE requirements effective January 2007.

Furthermore, the requirements will no longer be referred to as Continuing Professional Education (CPE) but rather Continuing Professional Development (CPD). This is in accordance with IFAC’s standards on CPD – IES 7 and to ensure that professional accountants acquire and maintain the specific capabilities required to work as competent professionals.

The proposed change to CPD will be put forward for consideration and approval at the next Annual General Meeting scheduled for July 25, 2007 at the Jamaica Pegasus Hotel. In the interim, the requirements will be referred to as CPE/CPD.

Members were previously required to satisfy 35 hours per year (21 structured and 14 non-structured). The requirements have now been increased to 40 hours per year (21 verifiable and 19 non-verifiable).

Visit our website at www.icaj.org, to view examples of CPE/CPD courses and for a copy of the 2006 CPE Return forms. As returns are overdue, members may complete the forms and submit their CPE returns for 2006 to members@cwjamaica.com.

UPCOMING CPE/CDP EVENTS

The following is a schedule of CPE seminars to be held during the year. Members will be informed via e-mail and other means of the confirmed dates, as well as the topics and any subsequent change.

• June 2007 - Seminar on Information Technology (Importance of proper IT Infrastructure to businesses)
• August 2007 - Joint seminar with ACCA on Strategic Management
• September 2007 - Seminar on Taxation
• October 2007 - Seminar on IFRS.

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