Each year the Australian Property Institute undertakes a random compliance audit of its members to meet member obligations, but also 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 2021.
There are two audit processes;
- Continuing Professional Development (CPD) audit, including mandatory modules, and
- Australian Property Institute Valuers (APIV) Scheme Compliance audit.
Continuing Professional Development Audit
Continuing Professional Development or CPD for short, comprises of learning activities that enhance professional knowledge and skills to remain current and contemporary, focused on workplace capabilities and technical competence. This continuing improvement of skills and knowledge sets API Members apart from general property professionals, which has earnt API Members a leading reputation.
Members of the API are obligated to reach and complete a set number of Continuing Professional Development each year. To review what your Member CPD obligations are, please review;
This year, the CPD audit commences Monday, 4 July 2022. In this process, Member auditees will be contacted via email to advise they have been randomly selected to participate.
APIV Scheme Compliance Audit
API as the administrators of the APIV Scheme are required by the government regulator the Professional Standards Council, to check the compliance of APIV Scheme members through an annual compliance monitoring process. The review includes;
- Membership renewal survey (self-declaration); and
- Random compliance audit of 10% of APIV Scheme members.
This year, the APIV audit commences Monday, 4 July 2022. In this process, Member organisations will be randomly selected to participate in the audit as auditees. Auditees will be contacted via email to advise they have been randomly selected to participate.
If you are selected to participate in the audit as an auditee, please review links for more information on how to prepare for the review;
Posted on July 6, 2022