Which of the following best explains why professional bodies such as CIMA require members to undertake continuing professional development (CPD)?

Correct answer: D) To maintain professional knowledge and skill at the level required to provide competent professional services, supporting the principle of professional competence and due care

Explanation

The principle of professional competence and due care requires members to attain and maintain professional knowledge and skill so that clients and employers receive competent service. CPD is the mechanism for keeping that knowledge up to date as standards, law and technology change. It supports, rather than replaces, the other principles and is not mainly about income or hours recorded.