Carrots and sticks have helped win over sceptics. Some argue that CPD will help mothers with small children return to work by ensuring they can prove that they have maintained their professional expertise. Hopefully that will be the case – accountancy’s glass ceiling is still a problem in search of a solution.
Many would argue, however, that it is the sticks that have brought us to a position where most institutes are on the verge of introducing compulsory CPD schemes. The biggest stick of all has come from the International Federation of Accountants, which wants to see member institutes develop schemes by 2006.
There will always be pockets of resistance to change and with CPD – not to mention practice assurance – on the horizon, those voices will be louder than ever.
However CPD is not an option but a professional duty.
Carter Backer Winter has acquired Edwards Financial Services, expanding its financial planning department
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton
Colin responds to the call for 'Darwinism' in accountancy
A new partner, Dermot Callinan, has joined Saffery Champness from KPMG where he was recently the head of the UK private client advisory team