The best way to approach your professional development is to link your CPE requirements to your organisation’s personal appraisal and development framework. That way, your CPE plan forms part of your annual development plan, which your organisation is committed to helping you achieve.
If it's not possible to do that then use the core competency framework to identify areas for development and set some objectives.
Formal learning doesn't necessarily mean you need to attend lots of training courses. Learning can be via any means as long as you can show how it contributes to your professional competence. There are many no-cost activities and some of the things you do as part of your internal audit role may also count as CPE.
The overriding consideration in determining whether an activity is acceptable for CPE is whether it contributes directly to your professional competence as an internal auditor.
Activities include, but are not limited to:
It is very important that you record and collect evidence of your activity so that if you are selected for CPE monitoring, you can submit it easily. You should retain this information for three years.
Your CPE record should describe the activity that was undertaken together with the number of points claimed. You should also note your aims and objectives, what you learned and how you did or will apply it.
Our CPE record template will help you record the activity.
CPE is awarded and recorded in points and, broadly speaking, one hour equals one point. There is some flexibility, so an hour is considered to be a minimum of 50 minutes. For example, 100 minutes of activity counts for two points of CPE. Half points don't count – activity should be recorded in whole points only.