For Businesses For those in business, the risk categories are:
CATEGORY 1 Those in CFO/senior positions in Public Interest Entities, Central Government, Large Charities, or Internal Audit. Accounting Officers at Public Sector Bodies, Statutory Officers at Local Authorities and Trustees of Large Pension Funds. REQUIREMENT 40 hours CPD of which 15 must be verifiable.
CATEGORY 2
Those working outside of Practice who do not fall into category 1 or 2. Those working or volunteering at charities. CATEGORY 3
Those in CFO/senior positions at Large Companies, Public Sector Bodies or charities (not large). Financial Controllers & Financial Reporting Officers in Public Interest Entities and Central Government Departments. Trustees of Pension Funds (not large). REQUIREMENT 30 hours CPD of which 10 must be verifiable.
20 hours CPD of which 5 must be verifiable. REQUIREMENT
If you are unsure about which category you fall into, consult the ICAEW guide here.
All those affected by the revised CPD regulations must complete at least 1 hour of verifiable CPD on ethics each year. Critically, this requirement will extend to non-ICAEW members registered with ICAEW as Responsible Individuals, Key Audit Partners, and insolvency practitioners.
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