University‐based Lifelong Continued Professional Development (CPD) for Internal Auditors

Abstract

The need for a lifelong education programme for accounting students and practising accountants is reflected and emphasized in reports and statements issued by various accounting groups and commissions. Primarily proposes to: (1) suggest and examine methods for meeting the life‐long, university‐based continued professional development (CPD) requirements of internal auditors; and (2) discuss the benefits that can be attained by the proper implementation of these methods. Suggests five university‐based educational activity methods to fulfil the CPD requirements for CIAs. When these methods are accepted and implemented, practising CIAs will be better able to integrate their plan for CPD into their overall career plan. Quality standards for CPD will be enhanced, courses might be less expensive and more conveniently located. Facilities would be properly constructed and maintained for educational purposes. Universities could receive a stream of revenue to supplement faculty income as well as provide needed new funds to the schools. The ongoing contact with the profession would open research and other funding opportunities.