11 November 2010
Chromaticity of the professional of chartered accountants is because of their knowledge and diversified working style. This is a high dignity and globally recognised profession as its not like other professions where there is no need to update the related knowledge after getting the degree; a chartered accountant should learn continuously even after getting the CA degree. Therefore, the Continuing Professional Education (CPE) Committee of ICAI has introduced a scheme for Continuing Learning Requirements to be quantified in term of CPE credit hours for the rolling period of three years starting from the calendar year 2008.
Continuing Professional Education (CPE) Requirements
Practicing Chartered Accountant (except those members who are residing abroad or other otherwise exempted CA), are required to complete:
At least 90 CPE hours in each rolling three-year period of which 60 CPE credit hours should be of structured learning.
Minimum 20 CPE hours of structured learning in each year.
Chartered Accountants in job or residing abroad, unless otherwise exempted, are required to complete:
At least 45 CPE hours of structured/unstructured learning in each rolling 3 years period.
Minimum 10 CPE hours of structured/unstructured learning in each year.
It means for rolling period of 3 years, maximum of 30 CPE credit hours of unstructured learning are useful to accomplish the above requirement for a practicing CA, although there is no maximum limits for accumulating credit of CPE hours from any of above mode.
On the other side, a chartered accountant in job can complete his CPE credit hours requirement through any of structured or unstructured learning mode.
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