FAQ’s [Members] FREQUENTLY ASKED QUESTIONS (FAQ's)Why do I need to undertake continuing professional development (CPD)CPD is a means of attaining knowledge.CPD contributes to the development and maintenance of Professional competence related to accountants work & their responsibilities.Is CPD mandatory?Yes, CPD is a mandatory requirement for all Professional Accountants.How many CPD hours am I required to achieve in a year Practicing – 50 CPD hours (35 of which should be verified and structured)NPR- 40 CPD hours (30 of which should be verified and structured)What are the consequences of CPD non-complianceVarious sanctions depending on perpetuallyHow long should I wait for membership application confirmation?Within three months, if all documents are submittedWhere can the application form be submitted?ICAM offices, Stansfield House, Haile Selassie Road, P.o Box 1, BlantyreWhat documentation will I need to submit in order to be admitted as a member of the ICAM?One passport size photographCertified copies of professional certificatesCurriculum vitaeReference letter from employerSubscription fees applicable in that yearWhat are the consequences if the annual membership fee is not paid within the stipulated time?PenaltiesWithdrawal of membershipWhat is the relationship between ICAM and MAB?ICAM is a professional body while MAB is a regulator. Accountants register with MAB through ICAM