For Practices For those in Practice, the risk categories are:
CATEGORY 1 This includes Public Interest Entity auditors, and members involved in audit regulation, monitoring or enforcement within the firm. REQUIREMENT 40 hours CPD of which 30 must be verifiable.
CATEGORY 2
Members in Practice as well as those involved with small entity audits. CATEGORY 3
Responsible Individuals and members involved with large corporate audits, as defined in the Companies Act 2006, pension scheme audits and charity audits. REQUIREMENT 30 hours CPD of which 20 must be verifiable.
20 hours CPD of which 10 must be verifiable. REQUIREMENT
If you are unsure about which category you fall into, consult the ICAEW guide here.
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