TPB’s check-up on practitioner CPD activity: Early results are in

 

The Tax Practitioners Board has announced that work has begun on reviewing selected tax practitioners’ continuing professional education (CPE) records.

The TPB admits that so far its review is still in the early stages, but it says it can share some of the results so far. The TPB review has revealed:

  • only 71% of tax practitioners comply with their CPE requirements
  • 25% are partially compliant, in that they have exceeded the 25% threshold for relevant technical or professional reading
  • 4% of tax practitioners are non-compliant
  • webinars are a popular CPE activity, with 42% attending webinars to maintain their knowledge and skills.

“It’s important you maintain records and evidence of your CPE activities, including the details and hours completed,” the TPB says. “If your CPE is not currently up to date, you should endeavour to bring it up to date as soon as possible.”

The TPB reminds practitioners that failure to comply with its CPE requirements may lead to a formal investigation that could result in an administrative sanction. Sanctions available range from written cautions and orders, all the way to suspensions and terminations.

“It’s important you maintain records and evidence of your CPE activities, including the details and hours completed,” the TPB says. “If your CPE is not currently up to date, you should endeavour to bring it up to date as soon as possible.”

The TPB reminds practitioners that failure to comply with its CPE requirements may lead to a formal investigation that could result in an administrative sanction. Sanctions available range from written cautions and orders, all the way to suspensions and terminations.

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