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/16/12 From the Pen of S. A. Pasha: SENIORITY ONLY BY THE PASSAGE OF TIME solution to this common di

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From the Pen of S. A. PashaFrom the Pen of S. A. Pasha

FRIDAY, 17 AUGUST 2012

SENIORITY ONLY BY THE PASSAGE OF TIME solution to this common dilemma especially in public sector

As you might be aware of thefact that in the country we lives

in, contrary to the rest of the

world, seniority could easily be

attained only with the passageof time, means in national

language paray paray senior

hojanais one of the coreHuman Recourse issue that is

standing behind our nationaleconomics retrogression model. As one ofmy colleagues suggested me once,

you may find many stupid non-qualified in your organization in differentdepartments NEVER argue with these stupid people, they will drag you down to

their level and then beat you with their experience..... Seriously!. Trust me I found

this statement correct every time I tried to go and prove otherwise.

Practical jokes apart! To avoid the attainment of seniority only by the passage of

time, Continuing Professional Development (CPD) is the SOLUTION. CPD is the

systematic maintenance, enhancement and continuous improvement of theknowledge, skills and ability, often termed competence, that is required of a

Professional as in this particular case is Professional Accountant.

Although I do firmly believe that the purpose of education is to make minds, not

careers, BUT whether its about the minds or about careers, it certainly requires

continuous overhauling otherwise it would get ruined. This ruining is really verydangerous because this make one a frog of a well, to whom the whole world is onlythe well, as he is unaware of the fact that there is even a possibility of the living

beyond. This all happens when a person thinks that he possesses sufficient

knowledge over the subject and there is nothing required to be improved. On thecontrary professional bodies always demands their professionals to get involved in

the continuous process of education and professional growth, and CPD is a

recognized tool to obtain the same target. It actually prevents a professional mind

from getting rusted.

In the Accountants world, as we all are aware that the International Federation of

Accountants (IFAC) has made mandatory for its member bodies to design andimplement a CPD mechanism in such a way that it becomes a component of

continued membership for the professional accountants. In order to facilitate the

CPD implementation, IFAC has issued International Educational Standard for

Professional Accountants (IES-7), which is in effect from January 01, 2006.

All professional accountants have an obligation to develop and maintain their

professional competence, relevant to the nature of their work and professionalresponsibilities. This obligation applies to all professional accountants, irrespective

of whether they are involved in traditional accounting fields or other areas.

The process of lifelong learning commences early, continuing with the education

program to become qualified as a professional accountant, and on through anindividual's career. CPD is an extension of the education process that led to

qualification as a professional accountant.

The professional knowledge, skills, values, ethics and attitudes gained by the time

of qualification continue to increase and be refined in a manner appropriate for the

activities and responsibilities of a professional accountant.

Continuing professional development refers to learning activities that develop and

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maintain capabilities to enable professional accountants to perform competently

within their professional environments. It is to be appreciated that the knowledge

needed to function effectively as a professional accountant in public practice,

industry, commerce, education and the public sector continues to expand andchange at a rapid rate with the changes in regulatory environment, international

standards and technology.

CPD is the thing that actually discriminates and gives professional bodies a

privilege over the academic pass outs.

CPD, on its own, does not provide assurance that all members will provide high

quality professional service all the time. Doing so involves more than maintaining

professional competence; it involves applying knowledge with professionaljudgment and an objective attitude. Also, there cannot be assurance that everyperson who participates in a CPD programme will obtain the full benefits of that

programme, because of variances in individual commitment and capacity to learn.

Nevertheless, it is certain that members who are not up-to-date on current technicaland general knowledge pertinent to their work will not be able to provide

professional services competently. Therefore, despite the inherent limitations of

any CPD programme, a CPD requirement is important in preserving the standard

of the profession and also in maintaining public confidence.

It is the responsibility of the individual member to develop and maintain

professional competence necessary to provide high quality services to clients,employers and other stakeholders. Members are free to choose from the

opportunities both locally and internationally available, as approved by the CPD

Committee, to fulfill their relevant CPD needs.

This Directive prescribes that members:

foster a commitment to lifelong learning

establish benchmarks for developing and maintaining the professional

competence necessary to protect the public interest; and

monitor and enforce the continuing development and maintenance ofprofessional competence

The IES-7 states that CPD can be achieved by at least three different approaches:

In-put based approaches by establishing a set amount of learning activity

that is considered appropriate to develop and maintain competence.

Out-put based approaches by requiring professional accountants todemonstrate, by way of outcomes, that they develop and maintain

professional competence.Combination approaches by effectively and efficiently combining

elements of the input and output based approaches, setting the amount of

learning activity required and measuring the outcomes achieved.

COMPARISON WITH GLOBE:

CPD is required in almost every professional accounting body throughout theglobe, I have highlighted a few foreign bodies with respect to the CPD

requirements so that the same may be compared with the national bodies.

CPD Requirements - AATThe minimum requirement for members is 45 hours of CPD per calendar year, of

which a minimum of 15 hours must be structured training and 30 hours

unstructured. The annual requirement has to be met over one year, the two-year

averaging that is applicable to CIOT members is not available to ATT members.(For more information go to www.aat.co.uk)

CPD Requirements - ACCA40 CPD units are required: 21 need to be verifiable e.g. e-learning, work based

skills and courses and the remaining can be non-verifiable e.g. general business

reading, writing and technical material. (For further informationvisit www.acca.org.uk/cpdrealise )

CPD Requirements - ATT

The minimum requirement for members is 45 hours of CPD per calendar year, of

which a minimum of 15 hours must be structured training and 30 hoursunstructured. The annual requirement has to be met over one year, the two-year

averaging that is applicable to CIOT members is not available to ATT members.(For more information go to www.aat.co.uk)
http://www.aat.co.uk/http://www.acca.org.uk/cpdrealisehttp://www.aat.co.uk/


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CPD Requirements - CIMA

CPD became mandatory for all CIMA members in January 2006, it is a principles

based scheme which focuses on the outcomes of the development activitiesundertaken and what has been learnt. CIMA detail a development cycle which

members are required to progress through, this cycle involves six steps. Below is a

brief synopsis of these steps:

Define present and desired roles

Assess development needs

Design choose development activities to meet learning objectives

Act undertake development activities

Reflect on how it went, what you have learnt and how you can apply that

learning

Evaluate evaluate your record assessing actual development against

objectives.

Development records must be kept for a rolling three year period andthere are acceptable formats detailed by CIMA.

(For further information visitwww.cimaglobal.com )

CPD Requirements CIPFA

Over a three-year period 120 hours of CPD is expected with a minimum of 20hours verifiable activities in any one-year. For those members that chose to follow

Level 2, upon completion of three continuous years of CPD activity will receive a

Certificate of Achievement. (For further information please visitwww.cipfa.org.uk)

CPD Requirements - ICAEWThe overall aim of CPD is to develop and enhance the value of the individual as a

professional. An ongoing commitment to professional judgement based on ethics.The ICAEW scheme is applicable to all members except fully retired members

(Those who do not perform any work paid or unpaid) and requires members to:

Reflect consider what is required in your role

Take action undertake activities that enable you to meet expectations

Consider the impact of the activities you have undertaken and whether

they meet the needs identified

Confirm submit an annual declaration that you have met expectations

(For further information visitwww.icaew.co.uk)

CPD Requirements - ICAS

CPD became a requirement for all members, except fully retired, from 1 January2006 and members will need to confirm their commitment to CPD in their annualreturn.(For further information visit www.icas.org.uk/fastforwardcpde )

While in Pakistan the following bodies are paying utmost efforts to maintain their effectiveness vide

CPD requirement.

CPD Requirements - ICMAP

Every member is required to complete 40 hours in one year or 120 hours in every 3

years period with a minimum of 20 hours in a year. This directive does not apply tothe members who are ill or incapacitated so that he/she cannot perform normal

work, retired from whole time business or facing career breaks. (For further informationvisit http://www.icmap.com.pk/cpd.aspx)

CPD Requirements - ICAP

ICAP has developed a revised CPD Directive for full compliance with therequirements of IES 7 which mandates 40 CPD hours per year, or 120 hours in arolling period of 3 years, for both practicing and non-practicing members. The

previous CPD exemption available to practicing members above 70 years of age

and non practicing members above 60 years of age has now been withdrawn. (For

further information visit http://www.icap.org.pk/web/links/11/cpddirective.php)

Although worldwide CPD is also being observed by other professionals too e.g.

CPD for lawyers, European Federation of National Engineering Associations,

Chartered Institute of Personnel and Development, Institute of AdministrativeManagement, American Academy of Financial Management, Chartered Institute of

Logistics and Transport, Royal Institution of Chartered Surveyors, The Federation

of Medical Regulatory Authorities of Canada etc.

As the Pakistan Institute of Public Finance Accountants (PIPFA) deals largely with
http://www.icap.org.pk/web/links/11/cpddirective.phphttp://www.icmap.com.pk/cpd.aspxhttp://www.icas.org.uk/fastforwardcpdehttp://www.icaew.co.uk/http://www.cipfa.org.uk/http://www.cimaglobal.com/


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Posted by Shabbir Ahmed Pasha at 00:09

the Public Sector Accounting and Finance its effort toward the CPD would surly

change the environment with in the Public Sector of Pakistan, by improving theHuman Resource already performing the functions of Public Finance Accountant

with in the County, It is not merely like injecting the new Red Blood Cells to their

weak bodies which would enhance the absorbing capabilities of knowledge intotheir souls but also make their dead blood cells moves out spade by spade. The

rust of idea that they are excel in the field with their apprehended knowledge

gained decades ago on the grounds of experience only would be shaded off with

this CPD. Perhaps that is why the CPD is one of the essential components of theprofessional bodies throughout the globe.

As in the words of Dr. Allama Iqbal [translation]khirad ko ghulami say azad kar

(free your intellect from slavery), jawano ko peero ka ustad kar (let the youthguide the elders), this is badly required in the Public Sector but this fresh bloodshould only be injected on merit with the vaccine named Edu-CPD i.e education

along with CPD otherwise this fresh blood cells will also transform into dead blood

cells just after 3 months.

In the last I would like to suggest PIPFA to formulate, implement and mandated the

CPD at least in the guidelines specified by IFACs International Educational

Standard for Professional Accountants (IES-7). This will not only allow chance tothose people who participate in a CPD programme to obtain the maximum

benefits of that programme but also preserve the standard of the profession along

with maintaining public confidence.

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Shabbir Ahmed Pasha

Mr. Shabbir Ahmed Pasha, B.Com., M.A in Economics,M.Phil Scholar, FITM, FICS, APFA, CPFA(CA), ACMA(NG), AMIA, AMRP, ACSP is Chief

Financial Officer at Karachi Circular Railways (Karachi Urban Transport Corporation)and Part-time Director of HERITAGE Financial Management

Pakistan. He is a Researcher in the field of Public Finance and Accounting. He is the Chartered Secretary, Management Consultant, Financial,

Corporate Law and Tax Consultant.

View my complete profile

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