ICAI issues CPE Statement, 2023: Guidelines on Continuing Professional Education for undergoing CPE Activities by CAs: The Continuing Professional Education Committee (CPEC), a non-standing committee of the Council of the Institute of Chartered Accountants of India (ICAI) is vested with the responsibility of defining strategic directions and supervising Continuing Professional Education (CPE) activities for Programme Organizing Units (POUs), members, and others falls under the purview of the Council.
In order to uphold high-quality standards in professional services and ensure professional competence among its members, the ICAI has identified Continuing Professional Education (CPE) as a key focus area. With powers vested under section 15 of the Chartered Accountants Act, 1949, the Council of ICAI via CPE Committee regularly issues or amends CPE Advisories/Guidelines to keep members aligned with the evolving demands of business and the economy.
Exercising authority granted under section 15(2)(fa) of the Chartered Accountants Act, 1949, as amended by the Chartered Accountants (Amendment) Act, 2022 (No. 12 of 22), the Council of ICAI, during its 426th meeting, resolved to release the “Statement on Continuing Professional Education, 2023.
This includes provisions for addressing non-compliance with CPE hours‘ requirements for various categories of members annually, beginning from the Calendar Year 2024, as determined by the Council of ICAI. These consequential provisions come into effect from January 1, 2025, for non-compliance arising from the Calendar Year 2024.
Chartered Accountants are requested to go through the Statement and ensure compliance as per Continuing Professional Education Statement, 2023. For any clarifications/Query, Chartered Accountants may reach out to the CPE Committee through e-mail at cpeadmin@icai.in