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THE INSTITUTE OF CHART ERED ACCOUNTANTS (GHANA)

MANDATORY CONTINUOUS PROFESSIONAL DEVELOPMENT PROGRAMME

1     WHAT IS CPD?

Continuous Professional Development (CPD) is a continuation of Initial Professional Development (IPD), the learning and development through which aspiring professional accountants first develop professional competence leading to performing a role as a professional accountant.

CPD is learning and development that takes place after IPD, and that develops and maintains professional competence to enable professional accountants to continue to perform their roles competently. CPD provides continuing development of the learning outcomes for (a) technical competence, (b) professional skills, and (c) professional values, ethics, and attitudes which were achieved during IPD.

CPD includes learning and development activities that contribute to the development and maintenance of professional competence, such as (a) education (b) training (c) practical experience, (d) mentoring and coaching, (e) networking and sharing of knowledge and experiences, (f) observation, feedback, and reflection, (g) planned self-development and improvement activities, and (h) unstructured gaining of knowledge.

 

 

2    CPD SCOPE

The following are some examples of learning and development activities that may be undertaken as part of a planned program of CPD activity:

(a) In-person or virtual courses, conferences, and seminars;

(b) e-learning courses;

(c) On-the-job training;

(d) Professional boards, technical committees, sector activities, information networks, or communities;

(e) Design, development, review or delivery of learning and development activities;

(f) Sharing of knowledge within a work team;

(g) Briefing sessions or discussion groups;

(h) Writing articles, papers, or books of a technical, professional, or academic nature;

(i) Research, including reading professional literature, journals, or the internet, for application in     the professional accountant’s role;

(j) Professional re-examination or formal testing;

(k) Providing professional development support as a mentor or coach; and

(l) Receiving professional development support from a mentor or coach.

 

  1. 3.MANDATORY CPD FOR ALL PROFESSIONAL ACCOUNTANTS

All ICAG members active in the workplace, should complete CPD on an annual basis. If you have just become a member you need to ensure that you are participating in our CPD programme from 1 January after you became a member.

You don’t have to complete CPD if you are on our retired register.

CPD applies to all professional accountants, regardless of sector or size of the organization in which they operate, because:

a)The Code of Ethics for Professional Accountants includes a fundamental principle of professional competence and due care which requires all professional accountants to maintain professional knowledge and skill at the level required to ensure that a client or employer receives competent professional service based on current developments in practice, legislation and techniques and act diligently and in accordance with applicable technical and professional standards;

(b) Professional accountants in all sectors are subject to public accountability and the maintenance of public trust;

(c) The public is likely to rely on the designation and professional standing of the professional accountant. Professional accountants carry a professional designation. Lack of competence of a professional accountant has the potential to damage the reputation and standing of the professional accountant, the employer, and the profession as a whole;

(d) Rapidly changing environments drive the need to continuously enhance or develop new areas of professional competence; and

e) Acquisition of new ideas builds the technical competence of professional accountants to enable them deliver the best of service to their clients and employers.

 

4 MEASUREMENT OF CPD

IES 7 prescribes two measurement approaches:

(a) output-based or

(b) input-based.

ICAG has adopted the input based approach.

ICAG has established specific requirements for the nature, timing and extent of CPD activity that must be undertaken by professional accountants. ICAG requires each professional accountant to complete a minimum of 35 hour of learning or relevant professional development activity in a year of which a minimum of 21 hours should be verifiable.

Any learning activity can count as verifiable CPD when you can answer YES to these three questions:

1 Was the learning activity relevant to your career?

2 Can you explain how you applied the learning in the workplace?

3 Can you provide evidence that you undertook the learning activity?

Non-verifiable CPD is general learning not related to a specific outcome, or which is difficult to provide evidence for.

Practising membersmust obtain an appropriate proportion of CPD in their chosen specialism.

Members holding an ICAG practising certificate and audit qualification must ensure they maintain their competence in audit, even if no audit work is currently being undertaken.

The following provides guidance for the weighting:

S/N PROGRAMME WEIGHTING
1 CPD Organised by ICAG Contact Hours but not exceeding 12 Hours a year
2 CPD Organised by District Society of Accountants Contact Hours but not exceeding 6 Hours a year
3 ICAG Accountants Conference Not exceeding 6 Hours a year
4 ICAG Annual General Meeting 2 Hours
5 ICAG Presidential Luncheon I Hour
6 ICAG Faculty Meetings Not Exceeding 6 Hours a year
7 District Society Meetings Contact Hours but not exceeding 6 hours a year
8 Membership of Governing Board of Corporate Entities, Technical Committees and similar bodies 6 hours
9 In- person, or virtual courses , relevant conferences, workshops and seminars Not exceeding 6 hours
10 E- Learning Courses Not exceeding 6 hours
11 Design, development, review or delivery of learning and development activities Contact Hours but not exceeding 6 Hours per year
12 Sharing of knowledge within a work team or briefing sessions or discussion group Contact hours but not exceeding 6 hours per year
13 Writing Articles, papers or books of professional, technical or academic in nature 6 hours per published work
14 Being an examiner of a professional organisation 6 hours per year
15 Providing professional development support as a mentor or coach Contact Hours but not exceeding 3 hours
16 Pursing post-graduate education from a recognised Institution 12 Hours
17 In- House training programme/On the Job Training Contact Hours but not exceeding 12 Hours per year

The 35 credit hours required must be achieved by participating in at least 3 programmes of the Institute and a blend of more than one category of professional development as listed in the document. A minimum of 6 hours must be mandatory from ICAG organised CPDs.

1 UNIT IS THE EQUIVALENT OF 1 HOUR OF LEARNING SO: 1 UNIT = 1 HOUR

5          ARE YOU AN ENGAGEMENT PARTNER RESPONSIBLE FOR AUDITS OF FINANCIAL STATEMENTS?

IFAC has issued International Education Standard (IES) 8, Professional Competence for Engagement Partners Responsible for Audits of Financial Statements (Revised). Under the revised IES 8 professional accountants performing the role of an Engagement Partner are required to develop and maintain professional competence that is demonstrated by the achievement of learning outcomes. Engagement partners should therefore, undertake CPD that develops and maintains the professional competence required for the role.

6          CARRYING FORWARD UNITS

If you complete more than 21 verifiable units in any year, you can carry forward up to 21 of these additional units to your next CPD year. Unfortunately, non-verifiable units cannot be carried forward. Please note that you cannot carry forward CPD units in the year you are admitted to membership, as you only need to start doing CPD the following year.

7          WHEN SHOULD I DO CPD?

Do not leave it until the last minute! You should plan your CPD activity at the start of the year to ensure it is relevant to your development needs. This could be done with your manager as part of your annual development and appraisal process. Your CPD should be part of your annual development plan and does not need to be separate activity. All members need to submit a CPD declaration by 1 January confirming that they have met the requirements.

 

 

 

8          HOW DO WE REVIEW YOUR CPD?

Members are required to complete a CPD declaration each year by 30th April. Your annual CPD declaration should be made online at any point in the year by logging onto ICAG Members Portal. You are required to keep a record of your CPD for three years in case you are selected for a review (only send us your CPD record if you are selected for CPD review).

Only members on our retired register are exempt from undertaking CPD and making a declaration.

d access a wide range of CPD at www.accaglobal.com/cpd

9          DECLARATION PROCESS

Making your CPD declaration is easy:

1 Indicate your CPD route

2 Indicate if you are involved in the audit or historical financial information

3 Confirm that you have kept your professional ethics up to date.

10        HAVEN’T MET CPD REQUIREMENTS?

If you have not been able to meet your CPD requirement, there’s an option to declare this on your form. We will then contact you about making up any CPD shortfall and ask you to submit a replacement declaration when you have fulfilled all your CPD requirements.

`

11        HOW ARE MEMBERS SELECTED?

We do this by conducting annual reviews of a random sample of members’ CPD to ensure they are developing their knowledge and skills.

CCTECHNICA

THE INSTITUTE OF CHARTERED ACCOUNTANTS (GHANA)

ANNUAL CPD DECLARATION : 2020

 

You are respectfully requested to do this online, through ICAG Members Portal at ICAG Website .

 

 

PART 1

All members must complete this part

X I have complied with the CPD requirements for 2019.

OR

X I have not been able to meet the CPD requirements for 2019.

I understand that CPD is a requirement for my continuing membership. I will make good my shortfall and then submit an updated CPD declaration to confirm.

 

 

PART 2

Only select this part of the form if it applies to you: if it does not, please leave blank.

X I confirm that I am an engagement partner responsible for audits of financial statements.

PART 3   Completion of the CPD Credit Hours

 

VERIFIABLE CPDs

SN DATE TOPIC ORGANISING ENTITY

CREDIT

HOURS

REMARKS
           

ANNUAL CPD DECLARATION 2017

 

 

VERIFI

NNON-VERIFIABLE CPDs

SN DATE DESCRIPTION OF LEARNING ACTIVITY CREDIT HOURS REMARKS
         

 

PART 4

All members must complete this part

 

I confirm that:

• The information given in this form is true and accurate to the best of my knowledge and belief;

• I have maintained and, where appropriate, developed my competence in relation to professional ethics;

• I have not engaged in public practice activities without holding an ICAG practising certificate;

• I have not been subject to any disciplinary actions that have not already been brought to the attention of ICAG Council;

• I have not been subject to any criminal conviction and/or caution;

• I have read and I have understood the instructions and guidance overleaf before signing.

Signature:

Membership number:

Today’s date:

ANNUAL CPD DECLARATION –INSTRUCTIONS AND GUIDANCE

 

You are required to submit your 2019 annual CPD declaration by 30th April 2020. You are respectfully requested to make your CPD declaration on-line through ICAG Members Portal. You will then receive an acknowledgement that your CPD declaration has been received. Please keep your evidence for three years and only send it to ICAG if we ask you to.

COMPLETING PART 1

Check the box to confirm you have met the CPD requirement

Not met the CPD requirement?

Check the box if you believe you have not been able to meet the CPD requirement (if you have been granted a waiver, you should only check this box if you have not met your amended requirement). ICAG will then contact you to assist you in making good your CPD shortfall. You will be required to make a replacement CPD declaration once you have made good your shortfall and met the CPD requirement.

 

 

COMPLETING PART 2

Complete Part 2 if you are an engagement partner as defined by IFAC IES 8 (Revised), ie a partner or other person in the firm who is responsible for the audit engagement and its performance, and for the auditor’s report that is issued on behalf of the firm

COMPLETING PART 3

All members who are not on the retirement list must complete Part 3. You must complete this part in a manner that will make it possible for the credit hours earned to be evaluated and assessed. For verifiable CPDs, make sure the date, the topic and the organising entity are correctly stated. For non-verifiable CPDs, describe the learning activity vividly for ease of evaluation and assessment.

COMPLETING PART 4

You must sign the declaration to confirm the CPD information you have provided, that you have maintained your competence in relation to professional ethics, and that you have not been subject to any matters within the terms of ICAG’s bye-laws that have not already been brought to the attention of ICAG Council.

Engaging in public practice activities

If you engage in public practice activities, you are required to hold an ICAG practising certificate.

 

Information about bye-laws

ICAG Bye-laws set out the details of the events which could lead to disciplinary action. These events include (but are not limited to) the following:

• Incompetence in carrying out work;

• Breach of ICAG bye-laws or regulations;

• Disciplinary action against you by another professional body and/or regulator;

• Bankruptcy or insolvency;

• Criminal conviction and/or caution;

• Civil finding of acting fraudulently or dishonestly as a party or witness in civil proceedings;

• Misconduct – this includes (but is not limited to) any act, or failure to act, that is likely to discredit

you or ICAG or the accountancy profession.

 

2020 CPD CALENDAR

 

DATE

TOPIC VENUE
5th - 6th February 2020 Enterprise Risk Management Accra
19th - 20th February 2020 Transfer Pricing: Avoiding Pitfalls and New Transfer Pricing Regulations 2020 Accra
11th - 12th March 2020 Integrated Reporting Accra
11th - 12th March 2020 Enterprise Risk Management Kumasi
17th - 18th March 2020 Balance Scorecard Programme Accra
29th - 30th April 2020 Financial Modelling Accra
29th - 30th April 2020 Enterprise Risk Management Tamale
13th - 14th May 2020 Capital Market Operations Accra
10th - 11th June 2020 Update of Tax Legislation and Tax Planning Accra
17th - 18th June 2020 Update of Tax Legislation and Tax Planning Kumasi
24th - 25th June 2020 Update of Tax Legislation and Tax Planning Tamale
8th - 9th July 2020 Update of Tax Legislation and Tax Planning Takoradi
15th - 16th July 2020 IFRS Updates Accra
29th -30th July 2020 Overview of Company's Act 2019, Act 992 Accra
29th - 30th April 2020 Public Financial Management Reforms Ho
5th - 6th August 2020 Pensions Regulations and Administration in Ghana Accra
19th - 20th August 2020 Financing Assets Acquisition - Leases and Mortgages Accra
2nd - 3rd September 2020 Effective Treasury Management Kumasi
23rd -24th September 2020 Public Procurement Act, Act 663 Accra
23rd -24th September 2020 Public Financial Management Reforms Takoradi
14th - 15th October 2020 Preparing for Tax Audit and Issues Arising Accra
4th -5th November 2020 Preparing for Tax Audit and Issues Arising Kumasi
4th -5th November 2020 Effective Treasury Management Accra
18th - 19th November Internal Audit Workshop Accra
  Orientation for Practising Certificate (for those who qualify)  
  2 Free CPDs will be organised for Practitioners for the year 2020  

FEE: GH¢500.00 per day

ADDITIONAL INFORMATION:

     All CPDs start at 9:00 am and end at 4:00 pm

     Always send an email to confirm your participation

     Any change in date(s), venue or topic will be communicated to Members by e-mail and on our website.

THE INSTITUTE OF CHARTERED ACCOUNTANTS (GHANA)

LIST OF DISTRICT SOCIETIES - 2017

SOCIETY COORDINATOR(S) TELEPHONES/ MOBILE PHONES
Accra East
Osu, La, Labone, Cantonments
Teshie-Nungua, etc.
Ms. Rebecca Lomo
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Andrews Anim-Boateng
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0302 668681
020 2012027

0202021093
Accra West
Mamprobi, Dansoman
Kwashieman, Gbawe etc.
Dr. Joe France
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Kwashieman, Gbawe etc.
Ms. Diana Oteng
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0277 453414

0202002896
Ga North
East Legon, Legon, Madina, Adenta,
Ashongman Estates, Adjiringano
Mr. Daniel Bentil
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Mrs. Elsie Bunyan
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0243420927

0202010406
Tema
Tema (Tema Municipal Area)
Mr. R. S. Quarshie
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020 8112117
Spintex Road
Lashibi, Sakumono, Baatsonaa, etc.
Mrs. Joyce Opoku-Duodu
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0244271271
Kumasi
Kumasi Metropolitan Area
Mr. Richard Owusu-Afriyie
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Mr. Daniel Bart-Plange
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024 4418800

0203113613
Cape Coast
Cape Coast Metropolitan Area
Mr. Emmanuel P. Owusu
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Mr. Richard Nana Boateng
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024 4782742

026 2282374
Cape Coast
Cape Coast Metropolitan Area
Mr. Emmanuel P. Owusu
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Mr. Richard Nana Boateng
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024 4782742

026 2282374
Takoradi
Sekondi-Takoradi Metropolitan Area
Mr. Kofi Abaidoo
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Mr. Siraj-Deen Yussif
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0243 533443

020 8188566
Tamale
Tamale Metropolitan Area
Mr. Muntari Mahama
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Ms. Safiatu Wemah
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0243564025

0244481386
Kasoa
Kasoa, Bortianor, Weija, Mandela

Kokrobite, Tettegu
Mr. Edmund Karkoh-Ampomah
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Mr. Moses Agbeko
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0244073156

0244736553
Sunyani Mr. E.K. Egyin
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Mr. Elvis Gyau
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0208193262

0207487318
Ho

Mr. Richard K. Kwagbenu
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Mr. Justice Y. M. Ahorlu
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0244 022546

0244 578239

Bolga District Society



Adongo Joseph
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Isaac Atule
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020-8324081/0244-690689

020-8388708

  • The forms should be signed and dated by the applicants including the signature of a witness of high repute in the caliber of a legal practitioner, Minister of Religion and a Public Civil Servant.
  • Printable online forms are available on the Institute’s website on the right hand side of this page.
  • Prospective student members are required to pay a processing and registration fee. This could be paid at the Secretariat or at the Institute’s bank and a copy of the pay-in slip submitted.

 MJ

 PERIOD THEME YEAR 
January - March: Accountants' Role In Fighting Corruption  2020
October - December: The Critical Role of Fund Managers to Economic Growth  2019
July - September: Regulated and Unregulated Investment; a Threat to Confidence in Financial Institution  2019
 April - June: Tax Reforms for Economics Growth  2019
January - March Taxing the Digital Economy: the Way Forward  2019
October - December: Adoption of IPSAS: Why Ghana Should Take a Cautious Approach  2018
July - September: Excise Tax Stamp Policy and its on Business and Government Revenue Mobilization  2018
April - June: Moving Ghana Beyond Aid:The Way Forward  2018
January - March: IFAC Issues Report on Corruption: Key Findings, Challenges and Opportunities  2018
July - September: The Global adoption of International Public Sector Accounting Standards (IPSAS): The benefits and Challenges  2017
April - June: The Professional Accountant and Public Accountability  2017
January - March: Exploiting Gift Tax as an Appendage to the Traditional Tax Revenues  2017
January - March: Ensuring Business Ethics at the Workplace: The Role of the Professional Accountant  2016
 April - June:  Creating an Optimized Environment for Audit Quality: The role of the Accountant  2016
July - September: Natural Capital and the Accountancy Profession: Applying traditional skills to new thinking and practice  2016
October - December: Evaluation and Improving the Internal Control in Organisations - The Role of the Accountant  2016

 

   

 

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