Criteria for CPD Training Hours for Accountants and Auditors

Summary Guide: Earning CPD Hours for Accountants and Auditors. Continuing Professional Development (CPD) is essential for accountants and auditors. This article provides a comprehensive overview of key information, requirements for earning CPD hours, and training guidelines. Table of Contents: What is CPD? | CPD Requirements for Accountants | CPD Requirements for Auditors | Recommended Online CPD Training Websites | Summary Table for CPD Training. What is CPD? CPD stands for "Continuing Professional Development." It refers to the ongoing enhancement of professional knowledge, aimed at helping professionals upgrade their skills, stay updated with the latest developments, and perform their duties effectively. In Thailand, both accountants and auditors are legally required to accumulate a specific number of CPD hours annually, which serves as a condition for the yearly renewal of their professional licenses. CPD Requirements for Accountants: CPD training for accountants focuses on updates regarding accounting laws, financial reporting standards, and relevant business knowledge. Key requirements include: Minimum Hours: At least 12 hours of training per year. Accounting-Related Content: At least half of the training (a minimum of 6 hours per year) must focus on "accounting" topics. Submission Deadline: Evidence of completed CPD hours must be reported and submitted by January 30th of the following year. CPD Requirements for Auditors: Auditors are required to keep their knowledge up to date regarding relevant laws and accounting standards. ...and auditing standards on an ongoing basis to maintain the quality of professional practice. The requirements for Continuing Professional Development (CPD) hours are divided into two main categories, totaling 40 hours per year, as follows: 3.1 Formal CPD hours (at least 20 hours per year): Accounting or auditing-related subjects—at least half of the total (minimum 10 hours per year); Ethics—must include content regarding the code of ethics for accounting professionals (at least 1 hour per year). 3.2 Informal CPD hours (20 hours per year):

These can be accumulated through various learning and self-development activities, such as: attending training sessions or seminars on topics related to business or the accounting profession; staying informed through professional or academic news via various media; reading academic journals or articles; participating in meetings or group discussions; conducting site visits or observing operations at various organizations, either domestically or internationally; serving as a speaker, lecturer, or assistant lecturer in areas where one possesses relevant knowledge and experience; conducting interviews or inquiries for academic or professional purposes; authoring academic journals or articles for public dissemination; or engaging in other activities that foster learning and professional development. Submission deadline: Auditors must submit proof of their CPD hours by the final business day of the year (December 31st annually). Recommended online CPD training websites: For accountants and auditors seeking a convenient and efficient way to earn CPD hours from home via the internet, the following online CPD training platform is recommended: cpdtutor.com – a user-friendly hub for online CPD courses and training programs that can be accessed from anywhere. Build Me Up Consultant (BMU) has compiled a summary of the Continuing Professional Development (CPD) requirements for both accountants and auditors, as follows: [Accountants] Total hours per year: 12 hours; Formal hours: 12 hours; Informal hours: Not specified; Accounting/Auditing subjects: At least 6 hours; Ethics: As prescribed by the curriculum; Submission deadline: By January 30th (of the following year). [Auditors] Total hours per year: 40 hours; Formal hours: At least 20 hours; Informal hours: 20 hours; Accounting/Auditing subjects: At least 10 hours; Ethics: At least 1 hour; Submission deadline: By the last business day of the year (December 31st).