ICATT Guideline for Continuing Professional Development
It is the policy of the Institute of Chartered Accountants of Trinidad and Tobago (ICATT) that Continuing Professional Development (CPD) shall be compulsory for all members.
Members are responsible for maintaining and updating their knowledge and skills with current improvements and developments. In accordance with its mandate, ICATT will provide CPD opportunities to meet the minimum number of hours required annually.
NUMBER OF HOURS
Members Not in Practice (MNP)
Effective January 1st, 2018, Members Not in Practice must obtain each calendar year, at least 40 CPD units of acceptable learning activities which are relevant to their work. One unit shall be equivalent to one hour spent on such activity.
At least 21 units must be structured CPD: the member must prove by providing the required details/certification that he was involved in an acceptable CPD learning activity. Structured CPD involves attendance at training courses, seminars, relevant e-learning courses evidenced by a certificate of undertaking and conferences where there is an element of active participation and interaction with a facilitator. Hours spent lecturing and in coursework preparation are also considered.
19 units undertaken in the calendar year may be unstructured. Unstructured CPD includes learning at work, relevant reading, completion of special assignments, the making of professional presentations, participation in committee activities, written publications and technical research.
Members with an Auditing or Practising Certificate (MP)
Each member holding an auditing or practising certificate will be required to obtain 50 CPD units in the specialised areas of his practice annually and maintain competence in those areas. A minimum of 50 percent of the CPD units earned in satisfaction of this requirement must be verifiable.