HKICPA：Who will be selected to undergo this audit exercise?

　　高顿网校小编为您解答关于：I know that an annual audit exercise is conducted after the annual CPD declaration. Who will be selected and how are they selected to undergo this audit exercise?
 

　　Ans：Every year the Institute conducts a CPD audit on a certain percentage of the membership under the directive of Council. A random sample is generated by computer. Theoretically every member is subject to the CPD audit and members may be selected for audit on a risk-based process. Members selected for audit are required to submit to the Institute their CPD records of the relevant reporting CPD period with documentation to support attendance or completion of the CPD activities as stated in their CPD records. The current Statement 1.500, will be used as the basis to audit the CPD records.
 

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