Article on Continuing Professional Education (CPE) Hours for CAs

(CPE) Hours for CAs

Knowledge is the only resource that grows many folds if we share it with others.

First of all, heartiest congratulations to all the newly qualified CAs. My Today’s article is especially for Fresher CAs like me who just qualified as CA and have/ are in the process of enrolling themselves as members of The Institute of Chartered Accountants of India, our Alma Mater.

After enrolling for membership as an associate member, one thing for which I was unsure about was the CPE hours. What does it stand for and how many hours we need to complete in a year? What is the difference between Structured and Unstructured CPE hours, etc.? So, I did my research on this topic and decided to share my learnings in the form of this article, which can help other fresher CAs. So, without further ado, let’s get started:

Q. What does CPE stand for and what is the need for CPE Hours?

A. CPE stands for Continuing Professional Education. Chartered Accountants, being the providers of professional services, are expected to polish and maintain their competency and skills, and hence, Continuing Professional Education was introduced.

Q. How can I complete my CPE hours?

A. CPE hours can be completed by two types of learning, namely Structured and Unstructured learning.

Q. What is the difference between Structured and Unstructured learning?

A. Structured learning includes attending seminars, conferences, etc. organized by ICAI. Unstructured Learning includes updating knowledge by reading journals, In-House Training sessions/ programmes organized for CA employees by their employers, viewing of programmes hosted on the web channel of ICAI, self-learning modules, and courses, etc.

Q. How many CPE hours are required to be completed in one calendar year and a block of three years?

A. The answer to this question differs based on whether a person is holding a Certificate of Practice (COP) or not and based on age criteria. Here the block period of three years is from 1st Jan 2020 to 31st Dec 2022.

1. All the members (aged less than 60 years) who are holding COP (except all those members who are residing abroad) are required to: 

  • Complete at least 120 CPE credit hours in a rolling period of three years.
  • Complete a minimum of 20 CPE credit hours of Structured learning in each calendar year.
  • Balance 60 CPE credit hours (minimum 20 CPE credit hours in each calendar year) can be completed either through Structured or Unstructured Learning(as per member’s choice).

2. All the members (aged less than 60 years) who are not holding COP and all the members who are residing abroad (whether holding COP or not) are required to:

  • Complete at least 60 CPE credit hours either Structured or Unstructured Learning (as per member’s choice) in a rolling period of three years.
  • Complete a minimum of 15 CPE credit hours of either Structured or Unstructured Learning (as per member’s choice) in each calendar year.

3. All the members (aged 60 years and above) who are holding COP, are required to:

  • Complete at least an aggregate of 90 CPE credit hours of either Structured or Unstructured Learning (as per member’s choice) in a rolling period of three years.
  • Complete minimum of 20 CPE credit hours being an aggregate of either Structured or Unstructured Learning (as per member’s choice) in each calendar year.

4. The following class of members is exempted from the CPE credit hours requirement:

  • All the members (aged 60 years and above) who are not holding COP.
  • Judges of Supreme Court, High Court, District Courts, and Tribunal
  • Members of Parliament/ MLAs/ MLCs
  • Governor of States
  • Centre and State Civil Services
  • Entrepreneurs (owners of Business(manufacturing) organizations other than (professional services)
  • Judicial officers
  • Members in Military Service

5. Temporary Exemptions:

  • Female members for one Calendar year on the grounds of pregnancy.
  • Physically disabled members on a case-to-case basis having permanent disabilities of not less than 40% and above (Supported with medical certificates from any doctor registered with Indian Medical Council with relevant specialization as evidenced by Post Qualifications (M.D, M.S., etc.)
  • Members suffering from prolonged critical diseases/ illnesses or other disabilities as may be specified or approved by the CPED. (Supported with medical certificates from any doctor registered with Indian Medical Council with relevant specialization as evidenced by Post Qualifications (M.D., M.S., etc.)

Q. How can we check the completed CPE hours?

A. We can check the completed CPE hours from this link https://www.cpeicai.org/

Hope that I answered some of your queries. Happy reading and share your views on the same.

Read our Article : ONLINE COURSES OFFERED BY THE ICAI FOR FREE OF COST

Leave a Reply

Your email address will not be published. Required fields are marked *