Frequently Asked Questions
Are SAIPA CPD events exclusively for SAIPA members?
SAIPA encourages non-members to attend our CPD events for practical examples and to keep up to date with relevant legislation and trends.
I am already a SAIPA member; why should I attend SAIPA CPD events?
SAIPA is a full member of IFAC and members are required to adhere to its CPD requirements in terms of International Education Standards and IFAC’s SMO.
If you are a Tax Practitioner, SAIPA is one of the Recognised Controlling Bodies (RCB) with the South African Revenue Service (SARS), and as a member of an RCB, all Tax Practitioners need to adhere to the good standing status includes meeting the minimum education requirements and maintaining your Continuous Professional Development (CPD).
The SAIPA CPD programme will not waste your time. It is aimed at updating your skills in an effective and efficient manner that will help you to:
- improve your professional capacity;
- achieve competence in specific areas that require additional knowledge and expertise;
- apply your professional knowledge, skills, values and ethics to professional activities and responsibilities; and
- increase your credibility, transparency and accountability.
SAIPA has adopted the IFAC 2014 Handbook of the Code of Ethics for Professional Accountants. According to Section 130.3 of the Handbook “the maintenance of professional competence requires a continuing awareness and an understanding of relevant technical, professional and business developments. Continuing Professional Development (CPD) enables a professional accountant to develop and maintain the capabilities to perform skillfully within the professional environment.
Which topics do the CPD events cover?
The annual CPD calendar is created to address challenges faced by a Professional Accountant (SA) both in business and practice. Topics are selected in the broad categories of tax, ethics, and accounting or International Financial Reporting Standards (IFRS).
How many CPD hours do I need per year to maintain my SAIPA membership?
The current CPD regulatory requirement is minimum of 40 CPD hours, comprising a minimum of 20 hours of structured CPD hours (verifiable and compulsory) and 20 unstructured hours over a cycle consisting of one calendar year, within your category of membership.
Any new member during the year must attend and accumulate CPD hours from the date of registration and submit the CPD hours by the 31 December every year. The CPD hours required for compliance will be apportioned based on the period of membership for that year.
Structured CPD hours include:
- attending CPD events presented by SAIPA and/or other recognised professional bodies
- completing an Advanced Certificate in International Finance Reporting Standards (IFRS) for SMEs
- completing IFRS Fundamentals e-Learning
- obtaining an e-certificate on Independent Reviews
- obtaining a certificate in International Public Sector Accounting Standards (IPSAS)
- viewing past CPD webinar recordings
Unstructured CPD hours include:
- hands-on IT experience which involves new learning
- planned reading of specific articles in the financial press
- project work
- reading relevant articles in the Professional Accountant or in the journals of recognised professional bodies
- regional committee work which develops transferable skills
- technical discussions with colleagues
- visits to other regions/organisations
How can I make sure my CPD points are allocated?
The onus is on the member to check and ensure that all CPD hours obtained are correctly loaded onto their profile.
CPD compliance will be checked and validated on 31 January of the year following the cut-off date of 31 December of the immediate previous year.
How can I book my CPD event attendance?
What happens if I can’t attend a CPD event that I booked?
CPD event bookings close five working days prior to the event date. Should you want to cancel your booking five or less working days prior to the event, please email firstname.lastname@example.org. No other means of cancellation will be accepted during these last five days.
I live in an outlying area; are there SAIPA CPD events close to me?
SAIPA CPD seminars are offered as both physical seminars all over the country and as webinars, which allow you to update your knowledge from the comfort of your home or office. Click here to view 2020 calendars.
How much will it cost to earn the necessary CPD hours?
SAIPA Members, Non-Members and Trainees can register and purchase the CPD Bundle offers during the subscription period.
2022 Membership Fees Frequently Asked Question
Is the CPD benefit compulsory?
The CPD benefit is compulsory for all members who are required to log CPD hours. Members who choose to not use the CPD benefit will still be liable for the full 2022 membership fees.
Is the CPD benefit applicable to trainees?
No, it is not applicable to trainees; there will however be a webinar bundle subscription available for trainees.
Will I receive a separate invoice for the CPD benefit?
No, you will only receive one membership fees invoice which includes the 20 CPD webinars.
As unstructured hours can be gained at no cost, why does the CPD benefit not only cover structured hours (10 CPD) at a lesser fee?
The focus on CPD is not a compliance tick box approach, but rather the professional development of members. With access to more webinars through the CPD benefit, members will be able to achieve superior professional growth.
Will I only be able to access the 2022 CPD benefit when my fees are fully paid?
No, you will be able to access the 2022 CPD benefit effective from the first webinar of the year.
Can I pay my 2022 membership fee and gain access to the CPD webinars if I have an outstanding balance on my SAIPA National account?
Yes, you will be able to access the 2022 CPD benefit effective from the first webinar of the year.
If my CPD for 2021 is not compliant, will I be able to use my 2022 CPD benefit for this shortfall?
Yes, you will be able to use the 2022 CPD benefit to make up any shortfalls in 2021. Your professional status will however be non-compliant – and your Professional Indemnity (PI) cover will therefore be at risk – until your 2021 outstanding hours are fulfilled.
Will the 20 webinars meet SAIPA’s member compliance requirements?
Yes, the 20 webinars amount to 40 structured hours. This allows a member to choose any webinar from the full annual webinar schedule which has been carefully designed to ensure that all mandatory categories are met.
Will the 20 structured CPD hours meet my requirement as a Tax Practitioner (9 Tax, 4 IFRS, 2 Ethics, 5 Other, 10 Unstructured)?
If all 20 structured webinars are utilised, will the excess hours automatically carry over to meet the 20 unstructured hours?
The webinars included will offer a member 40 CPD hours. The hours will be allocated to the mandatory categories first. Any additional hours will be allocated to the other structured categories, and any additional hours after that will be allocated to the unstructured categories.
Must I attend the “live” webinars, or can I watch them and complete the assessments later?
You do not have to attend the livestreaming of the webinars. You should however still register for the livestream webinar in order to access the recording and the assessment, at another time, when you are able to.
Will the 2022 CPD benefit carry forward to 2023?
No, 2022 CPD benefit will not carry forward to the following year; the 20 webinars must be booked for in the 2022 calendar year.
Is the CPD benefit only applicable to 2022?
From 2022, SAIPA membership fees will include the CPD benefit (similar to the PI insurance benefit).