The SMSF Professionals’ Association of Australia (SPAA) has developed an online questionnaire to assess the level of knowledge members have across all technical areas of SMSFs.
The SPAA SMSF Continued Professional Development (CPD) Compass then recommends specific focus areas for upcoming CPD activities.
SPAA said the tool has been designed to support members with their CPD, which is a key component of membership in 2014/2015.
SPAA head of education Liz Ward said the association wants to see professionals “making the most of their CPD requirements by empowering them to pinpoint activities that genuinely improve their knowledge and skills”.
“It’s better for the individual, it’s better for trustees and it’s better for the profession as a whole,” said Ms Ward.
“SPAA is heavily focused on innovating in the area of CPD because we recognise practitioners have a range of obligations to satisfy - from regulators, licensees to professional associations.
“The volume of information practitioners must understand is also growing exponentially, making it challenging to navigate through the CPD noise,” she said.
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