CPABC in Focus January/February 2018 | Page 16

IES 8: New Competency Assessment for Audit Licensees


CPABC in Focus Jan/Feb 2018



Due to revisions made to International Education Standard 8, Professional Competence for Engagement Partners Responsible for Audits of Financial Statements (Revised), in 2019, practitioners obtaining or renewing an audit licence will be required to complete an annual self-assessment and a declaration stating that they have undertaken sufficient relevant continuing professional development to develop and maintain professional competence for their role.

https://www.bccpa.ca/news-events-publications/publications/cpabc-in-focus/issues/jan-feb-2018