2 August 2018
CPE reviews to assess how tax practitioners maintain their knowledge and skills
The Tax Practitioners Board (TPB) will undertake reviews of the continuing professional education (CPE) records of over 1,000 individual tax practitioners in 2018-19.
Commencing this month, the reviews will assess how tax practitioners comply with the TPB’s CPE policy and maintain the knowledge and skills relevant to the services which they are registered to provide.
The TPB’s initial focus will be on those tax practitioners who are not subject to other regulatory oversight, such as another Government regulator or TPB recognised professional association.
A review may occur following the approval of a renewal application as the tax practitioner has indicated on their renewal application form they have met the CPE requirements. Individual tax practitioners will be advised if they are selected for review.
To comply with the renewal requirements, all individual tax practitioners need to undertake a minimum amount of CPE to maintain the knowledge and skills relevant to the tax services they deliver and provide a record of these activities.
Chair of the TPB, Mr Ian Taylor, commented that CPE is absolutely essential to ensure the ongoing competence of tax practitioners.
‘It is imperative that the knowledge and skills of registered tax practitioners adapt and improve as the law, technology and their individual practice changes,’ Mr Taylor said.
‘Undertaking CPE activities builds upon the primary qualifications tax practitioners use to gain initial registration with the TPB.’
Mr Taylor said the review will enable the TPB to develop a better understanding of the nature of the CPE activities being undertaken and allow the TPB to assess the effectiveness of its CPE policies:
- TPB (EP) 04/2012: Continuing professional education policy requirements for tax and BAS agents
- TPB (EP) 06/2014: Continuing professional education policy requirements for tax (financial) advisers
About the Tax Practitioners Board:
The Tax Practitioners Board regulates tax practitioners in order to protect consumers. The TPB aims to assure the community that tax practitioners meet appropriate standards of professional and ethical conduct.