An experienced actuary realizes that new Artificial Intelligence tools are beginning to automate standard risk calculations. To remain relevant, the actuary enrolls in a university course on 'Machine Learning for Financial Modeling'. This action is best described as an example of:

Answer options:

Corporate Social Responsibility (CSR)

Continuing Professional Development (CPD)

Performance Appraisal

Job Enlargement

How to approach this question

Identify the act of a professional taking a course to update their skills in response to industry changes. This is the definition of CPD.

Full Answer

B.Continuing Professional Development (CPD)✓ Correct

Continuing Professional Development (CPD) refers to the process of tracking and documenting the skills, knowledge, and experience that an individual gains both formally and informally as they work, beyond any initial training.

Common mistakes

Confusing CPD with Job Enrichment. While the job might become enriched later, the act of taking the course is CPD.

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Practice the full ACCA BT — Business & Technology Practice Exam 6

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