BICA Updated Policy April 24, 2017

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Guidance Notes
05/19/2020 12:15:27
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BICA Updated Policy April 24, 2017

  • It is the responsibility of Members to develop and maintain professional competence by undertaking relevant CPD activities
  • BICA does not preapprove any providers or courses for CPD. It is the responsibility of the Member to ensure and prove that its contents meet the requirements of BICA.
  • Members must maintain records of their verifiable and non-verifiable CPD hours obtained and the relevance of those hours to their role. Records shall be:
    • Retained for 3 (three) years and be subject to examination and verification by Council
    • Provided to Council upon request in writing
    • Provided within 7 (seven) days after the date of the request
  • Examples of verifiable hours include:
    • Signed CPD forms for BICA sponsored courses
    • Course outlines and teaching materials
    • Confirmation of participation by a provider, instructor, employer, mentor or tutor
    • Independent assessments that a learning activity occurred.
  • CPD acceptable general topics are listed below. Topics other than those listed below may be accepted as CPD subject matter, if proved that it directly contributes to professional development of accountants:
    • Accounting
    • Communications
    • Auditing
    • Ethics
    • Management
    • Quantitative Methods
    • Marketing
    • Behavioural Sciences
    • Finance
    • Statistics
    • Law
    • Tax
  • Learning Activities that may be undertaken as part of a planned program of CPD Activity include:
    • Participation in courses, conferences and seminars
    • Self-directed learning
    • Employer sponsored training
    • Participation in and work on technical committees
    • Developing or delivering a course or CPD session in an are related to professional responsibilities
    • Formal study related to professional certification
    • Participation as a speaker in conferences, briefing sessions or discussion groups
    • Writing articles, papers or books of a technical, professional or academic nature
    • Research, including reading professional literature or journals for application in the Member’s role
    • Professional re-examination or formal testing
    • Providing professional development as an education/training facilitator (inclusive of tertiary education)
    • Receiving professional development support from an education/training facilitator (inclusive of tertiary education)
  • Instructors and presenters must be qualified to conduct CPD programs on the respective topics
  • Presenters at BICA seminars will receive CPD hours equal to double their presentation time
  • The organization sponsoring or organizing the CPD course must be a reputable organization
  • Hours of CPD attributed to the course must be pretested to determine average completion time and proposed and agreed upon in advance of the course date.

Council shall determine whether any course or seminar attended by a Member is acceptable for obtaining CPD hours and such determination shall be final.