CPDs are an essential requirement for accountants in Australia. It allows them to develop their skills and knowledge to stay updated with the latest developments in the industry.
It will help you to:
• Gain new skills and build on existing knowledge to achieve your career goals
• Develop skills and knowledge to stay updated with the latest developments in the industry
• Stay up-to-date with technical, legislative and regulatory changes and developments
• Increase your value to your profession, your company and your clients
The minimum number of hours accountants must have each year in CPD is 20, but the total hours required over three years is 120. This means that if you only completed 20 hours in year one per the requirement and 20 hours in year two, you would be required to complete 80 hours in year three.