Category: Continuing Professional Development

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Basic CPD Requirements for all Members

Members are required to acquire CPD credits, (at minimum, 20 per annum) for the previous 12 months.

At least 10 of these 20 hours of CPD (See CPD types) must consist of fraud related subjects, which are germane to the CFI’s jurisdiction.

Compliance can be achieved by either a formal programme of education or by any other means through which a member might reasonably be expected to maintain professional competency in the member’s area of practice or employment. Though members are not required to routinely report their CPD hours, members shall keep appropriate records and submit copies of such on a request made by the Association.

CPD Types

CPD credits may include verifiable and/or non-verifiable credits.

Verifiable CPD credits are those, which are easily proven such as a receipt to a fraud conference, which clearly displays the name of the organization, which sponsored the conference, the conference type, topics or subjects attended, and the date of the conference.

Non-verifiable CPD credits would be those where a member developed a seminar and then subsequently presented it. The time to develop the seminar would not be verifiable whereas the duration of the seminar would most likely be determinable.

Qualifying Programmes

Formal programmes which contribute to the member’s professional competence. Examples of qualifying programmes are in-house training courses, university or college credit courses or other such programmes, law enforcement training sessions, seminars or conferences or fraud-related sessions (See Exclusions) as they relate to auditing, accounting, investigation, fraud prevention and detection, fraud theory, ethics and law.

An unlimited number of these credits may be claimed during a 12-month period.

Exclusions

Continuing professional development credits must be germane to the jurisdiction of the member.

Any subjects, such as investigation and law, which are not relevant within the area of the member’s practice, will not be accepted.

Speakers and/or Instructors CPDs

Instructors/speakers are entitled to claim the amount of time expended in the preparation for the first class or session to a maximum of 15 hours.  They are also entitled to claim the amount of time expended in presenting their materials.

Example
Hours
Time expended to prepare material for the first class [say] 62 hours.
Maximum time allowable =
15
Presenting material = 2 hours per evening class x [say] three (3) classes =
6
Total claimable hours:
21
For subsequent sessions:
Hours
Time expended to prepare material for the first class [say] 62 hours.
Maximum hours allowable =
0
Presenting material = 2 hours per evening class x [say] three (3) classes =
6
Total claimable hours:
6

Research & Development Credits

These credits are granted for original works produced by a member. Credits for the development of a programme (seminar, conference, etc.), a fraud-related article or authoring a section of the ACFI Manual or a book can fall within this category.

CPD hours are granted for the time taken to develop the material and, in the event that the member presents his/her work within a classroom setting then credit hours are granted for the presentation of same to a maximum of 10 (ten) hours per annum.

Example Hours
Time expended to develop the course  189
Presenting the material during the year = 36 hours
Maximum hours allowable =		 10
Total claimable hours: 199
For subsequent years: Hours
Time expended to develop the course 189 hours.
Maximum hours allowable =		 0
Presenting material during the year = 56 hours. Allowable = 10
Total claimable hours: 10