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ACCA Applied Knowledge · Business and Technology · Learning and training at work

Which of the following best describes the purpose of continuing professional development (CPD) for a qualified accountant?

CPD exists to keep a professional's knowledge and skills up to date throughout their career, so that they remain competent and can meet changing technical and ethical requirements. It supplements initial qualification rather than replacing it, and it does not guarantee promotion.

  1. ATo maintain and update knowledge and skills so that competence is kept current throughout a careerCorrect
  2. BTo replace the need for any initial qualification examinations
  3. CTo guarantee promotion to a more senior role within the employer

Explanation

CPD is an ongoing process of maintaining and developing professional knowledge, skills and competence after qualification. It does not replace initial qualification, and it does not guarantee promotion.

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