Public Accounting and Continuing Professional Development

Members applying for a new Public Accounting Licence (PAL) or those who are renewing their existing PAL must complete the required CPD hours in activities directly related to the competencies need to engage in the practice of public accounting, as outlined in Regulation 7-2.

For information on the competency requirements for PAL holders, please review the International Education Standard 8, Professional Competence For Engagement Partners Responsible For Audits Of Financial Statements (Revised).  

Hours in taxation (e.g., annual personal and corporate tax updates) do not count towards CPD for licensure unless they meet the learning outcomes identified in IES 8. It is important to ensure that your CPD course selections are related to public accounting competencies; failure to meet IES 8 requirements may result in loss of licensure.