In accordance with International Education Standard (“IES”) 7, Professional Accountants should engage in Continuing Professional Development (CPD) to develop and maintain their professional competence so as to provide high-quality services to clients, employers, and other stakeholders.
CPD learning activities are those learning activities that develop and maintain capabilities to enable Professional Accountants to perform competently within their professional environment. Participation in CPD learning activities is therefore vital in maintaining high standards and public confidence in the profession. CPD requirements may vary from one professional body to another. Most MIPA Members follow the CPD unit route and need to complete 40 units of CPD annually comprising of:
Any learning activity can count as verifiable CPD when the member can answer YES to all of these three questions:
Examples of verifiable CPD are:
Non-verifiable CPD is general learning not related to a specific outcome, or which is difficult to provide evidence for.
Examples of non-verifiable CPD are:
1 unit is the equivalent of 1 hour of learning so: 1 unit = 1 hour
CPD requirements are applicable to all Professional Accountants regardless of sector or size of business in which they operate.
MIPA Members have a responsibility to themselves, their employers, their clients and other stakeholders to ensure that they are abreast with the developments that affect their current and future professional work.
From any CPD awarding body
Members are required to complete a CPD declaration each calendar year by 1 July of the following year.
The CPD declaration can also be made online at any point in the year by logging onto MIPA website. (http://mipa.mu/login.php)
Renewal of MIPA Membership which is due on 1 July is subject to completion of CPD declaration.
MIPA may conduct reviews of members' CPD and select a sample of members to ensure they are maintaining their professional knowledge and skills.
In the event members fail to cooperate with the review process (for example by not responding to communications or submitting their CPD records), MIPA reserves the right not to renew their membership