IRBA NEWSLETTER ISSUE 47

Issue 47 | July - September 2019 17 EDUCATION & TRANSFORMATION cont. Review of the ADP The IRBA is reviewing the ADP with the objective of identifying its successes and areas for improvement. To that end, the IRBA has conducted a survey to obtain feedback from ORAs and RCAs regarding their experience on the programme. Currently, the IRBA is hosting a series of focus groups across the country to further unpack the results of the survey and develop recommended improvements to the ADP. We thank all ORAs and RCAs who participated in our survey and have been providing valuable input at the focus group sessions. We look forward to hosting you at our upcoming focus group sessions. If you would like to provide input on the programme, please contact adpadmin@irba.co.za. NEW CPD POLICY FOR REGISTERED AUDITORS As noted in the previous issue, the new IRBA Continuing Professional Development (CPD) Policy mandates an output-based approach to CPD. Its planned effective date is 1 January 2020. The previous issue also included the CPD Framework (as illustrated below), and the ways in which RAs can prepare for the self-assessment process. The CPD Framework Mandatory CPD Activities for RAs In addition to the requirement to apply and comply with the full cycle of the CPD Framework, the CPD Policy includes mandatory CPD activities. Self-assessment activities – Audit and assurance topics All RAs have to perform self-assessment activities on audit and assurance topics annually to identify relevant learning outcomes and personal development gaps. This means that given their role and registration as RAs, they must at least reflect on audit and assurance topics annually as part of the self-assessment stage of the framework. As with other personal development gaps that may be identified in this stage, the RA must plan for, complete and record relevant learning and development activities to address those identified gaps. Learning and development activities – Ethics RAs have to plan for, complete and record relevant learning and development activities on ethics annually. The learning and development activities undertaken need to include activities that will assist the RA to comply with the IRBA Code of Professional Conduct for Registered Auditors. During a reporting period, an RA has to complete a minimum of