The ICAEW Regulatory Board (IRB) is an independent board that is responsible for ensuring ICAEW’s regulatory and disciplinary work, undertaken by the Professional Standards Department is carried out in the public interest. Being an ICAEW Chartered Accountant is no ordinary achievement. Your premium qualification sets you apart as a member of a highly influential and respected professional body, which connects you to a wider global community of financial experts. CPD is important for ICAEW Professionals. It is a requirement for members to keep under review their needs for training and development regarding professional work undertaken.
MY-CPE LLC offers continuing professional development courses for Chartered Accountants England and Wales (ICAEW) Professionals. We are focused on providing quality continuing education to members that incorporate the qualified subject areas. Our CPD courses are authored/reviewed by industry specialists and subject matter experts. All our courses are designed in a way to ensure that courses meet your continuing professional development requirements.
Chartered Accountants in England and Wales (ICAEW) CPD Requirement Overview
| CPD Requirements | The minimum requirement depends on the CPD categories. |
| License Renewal Period | 1st of January annually. |
| CPD Reporting Cycle | January 1 to December 31 annually. |
| Ethics Requirement | Minimum 1 Hour of ethics requirement. |
On 1 November 2023, ICAEW's revised Continuing Professional Development (CPD) Regulations brought in new CPD requirements, including a minimum number of hours. Individuals affected by these regulations must identify their CPD category based on their work. Each category has specific minimum CPD hours, with a portion needing to be verifiable:
Practice:
Category 1: 40 hours (30 verifiable)
Category 2: 30 hours (20 verifiable)
Category 3: 20 hours (10 verifiable)
Working outside practice:
Category 1: 40 hours (15 verifiable)
Category 2: 30 hours (10 verifiable)
Category 3: 20 hours (5 verifiable)
Executives/trustees of charities working pro bono: ICAEW's CPD video for charity trustees (coming November 2023) or similar training with similar learning outcomes.
CLICK HERE to learn more about CPD requirements.
The ICAEW license renewal period is the 1st of January annually.
A CPD reporting cycle for ICAEW professionals is from January 1 to December 31 annually.
CLICK HERE to access the link to FAQs for CPD regulations and requirements.
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Following are qualifying subject areas:
Starting from November 1, 2023, CA-ICAEW professionals are required to allocate at least one hour of their verifiable CPD each year to ethics.
CA-ICAEW Professionals have the option to complete a minimum of one hour of ethics training through either:
i) By successfully completing the ICAEW ethics module designed for use by Members and Relevant Persons during the current CPD year or
ii) By participating in alternative ethics training that meets specific learning outcomes aligned with the ICAEW Code of Ethics.
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No, there are no minimum CPD requirements in a particular subject area.
Activity should be relevant and proportionate to your role(s). Following are the examples of learning activities recommended for ICAEW professionals:
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From November 2021, you will no longer be required to declare your CPD status annually. There is no longer a need to declare compliance, exemption, or non-compliance. By renewing or continuing your membership you are stating your compliance with principal bye-law 56, which requires members to keep under review their needs for training and development regarding professional work undertaken. Where a need for development is identified, members are required to take prompt action to address that need.
CLICK HERE for future reference.
The annual renewal fees of a member of ICAEW for 2022 are £415.
CLICK HERE for further reference.
Yes, since there is no minimum CPD requirement, the short video learning method can be qualified as a learning activity.
MyCPE provides courses that are approved for continuing professional development. Based on the guidelines issued by these boards regarding Continuing Professional Development Requirements we recommend the programs/ webinars to be suitable for the qualification. However, it will be the responsibility of each attendee to ensure that they are eligible for CPD credits based on their occupation/ job profile, knowledge requirements as well as guidelines laid down by their regulatory board before registering for the webinars.
