API Audit FAQs |  APIV Audit FAQs


Each year the Australian Property Institute undertakes a random compliance audit of its members and their member obligations, to ensure standards are met in accordance with Professional Standards Legislation.  Audits are conducted in retrospect; meaning this year the API will be auditing compliance for year 2022 for Continuing Professional Development (CPD), including mandatory modules.

Below are some answers to Frequently Asked Questions.


Where can I escalate enquiries to?

Audit inbox: [email protected]
Phone: 1800 111 274

What is the timeline of the audit?

A random selection of members commences Monday 25 September, with selected Members contacted by email on Tuesday 26 September.


Audit: 26 September until 24 October

Non-compliance will trigger disciplinary action from 31 October.

Why do I need to complete CPD?

As an API Member you have an obligation to adhere to the API prescribed policies.

Furthermore, it is important to ensure you remain up-to-date with current industry practices and knowledge. API supports your professional development through learning programs and CPD events as well as yearly refreshed Mandatory Modules or when required.

What are my obligations as a member if I DON’T hold CPV or RPV?
Membership Type:Student/Connect/RetiredParental LeaveMAPIPMAPI/ AAPI/ FAPI /
LFAPI/ Non-valuer
CPD Points001020
Ethics and Rules ModuleNoNoYesYes
Risk Management ModuleNoYesNoNo
What are my obligations as a member if I DO hold CPV or RPV?
Membership categoryPMAPI/ AAPI/ FAPI/ LFAPI. Carrying out professional valuation servicesPMAPI/ AAPI/ FAPI/ LFAPI. NOT carrying out professional valuation services
APIV Details
APIV member Member provides professional valuation services or advice for external clientAPIV Exempt - Category A Members who provide professional valuation services or advice that derive 100% income from government contracts on a non-recourse basisAPIV Exempt - Category B Member is a Government or ADI employee and only provides professional valuation services or advice for the employer's internal purposes (e.g. internal risk review)APIV Exempt - Category C Member is not undertaking valuations or providing advice (e.g. anyone who is a non-practising valuer which could include private, Authorised deposit-taking institution (ADI) or government, career break or compliance manager)
CPD Points20202020
Ethics and Rules ModuleYesYesYesYes
Risk Management ModuleYesYesNoNo
IVS ModuleYesYesYesYes
RVSI ModuleYes - if undertaking residential mortgage workNoNoNo
If I haven’t completed a 2022 Mandatory Module which version do I need to undertake?

You will need to complete the current 2023 Mandatory module.

Please email [email protected] notifying the team that you have completed the 2023 version of the Mandatory module, and the team will ensure your 2022 CPD diary reflects you have complied with that module for that year.

Will I get points added to my CPD diary for 2022 if I complete the 2023 Mandatory module version?

No. However, you will be marked as compliant for both 2022 and 2023. The points will remain in your CPD year 2023 tally.

How do I access the current 2023 Mandatory modules?

The modules are accessed via the Learning Management System (LMS) portal.

How can I make up my CPD points for Audit year 2022?

To meet your CPD requirements, you can complete some additional training this year to make up for any missing points in 2022. Please review our selection of On Demand learning options on our webpage https://www.api.org.au/professional-development/events-webinars-online-courses/on-demand/ or via the Learning Management System (LMS) portal to assist you in meeting your obligations.



You can also manually add CPD activities you undertook in 2022 outside of the API.

Am I eligible to be exempt for my CPD obligations in 2022?

If you believe you are eligible for a CPD exemption, please complete the online form

This will then be assessed by our team and you will be advised if the exemption request is approved.

Note: Exemption for non-practicing is not an accepted reason for exemption

APIV Frequently Asked Questions

Is the random APIV Audit optional?

NO, all randomly selected firms/sole trader are obligated under the APIV membership policy to complete the audit by the due date.

How is the random selection conducted?

Each year the list is generated at random using a smart formula using Excel.  Anyone that has been audited in the last 3 years have been removed. Once the system finds the Auditee, communication from APIV is triggered to firms/sole trader.

NB: Gender, firm size, geographical location or past non-compliance takes no bearing on how the auditees are selected each year.

Haven’t I already given all this information in the recent Scheme Renewal Survey and/or my annual Scheme renewal?


The audit is a visual verification of the self-declaration you complete annually. Whilst you may have participated in the Scheme Renewal Survey and/or the Annual Scheme Renewal, the audit process is separate and requires verification of your participation/self-declaration.


Annual Self Declaration:  The annual renewal is a self-declaration of your compliance in accordance with APIV scheme requirements annually.

2021-2026 Claim survey: In 2020 the APIV conducted a second claims-based survey, this was to help lay the groundwork for constructing a new scheme for the 2021-2026 scheme period which has been approved and came into effect on 1st September 2021.


Can I get an extension to the above deadline?

If you provide a valid reason as to why you require the extension before the due date, we will consider the reasons and consider an extension. Please email us [email protected] with your valid reasons.

What guidance/support can I receive?

We are here to support you.

If you have any questions, or queries, or require extra information on how to provide the requested information, please contact [email protected].


How often could I be selected for a random audit?

Once every 3 years.

If you have been selected in 2023 you will not be added to another audit round until 2026.

What are the consequences of non-compliance of this audit request?

You will be:

  • Noted as non-compliant to the API and APIV boards.
  • No ability to claim the protection of the Scheme if a claim arises.
  • Breaches the APIV membership policy.
  • Noted and reported as non-compliant to the Professional Standards Councils – our governing government body.
  • Termination from the APIV scheme, putting you in breach of the API membership policy.
  • Your CPV or RPV certification under the API may be impacted.