Continuing Professional Education Committee
The Institute of Chartered Accountants of India
30th December, 2024
ANNOUNCEMENT FOR MEMBERS
Dear Member,
Sub: Extension of last date of CPE hours' compliance for the Calendar year 2024 - From 31st December, 2024 to 28th February, 2025
As you are already aware that "Statement on Continuing Professional Education, 2023" (available at link https://www.icai.org/post/issuance-of-cpe-statement-2023) has been made effective from Calendar year 2024 onwards, which introduced consequential provisions for non-compliance with CPE hours' requirements applicable to various categories of members on yearly basis. These consequential provisions are applicable w.e.f. 1st January, 2025 for non-compliance arising from the Calendar Year 2024 with regard to CPE hours requirements.
As consequential provisions arising due to non-compliance with CPE requirements are coming into effect for the first time from Calendar year 2024, it has been decided to extend the last date for complying with the CPE hours requirements for the Calendar year 2024 from 31st December, 2024 to 28th February, 2025, for the benefit of Members at large and to avoid any hardship due to non-compliance.
On similar grounds, the last date of compliance and filing Unstructured Learning Activities (ULA) is also extended till 28th February, 2025, for the Calendar year 2024.
Further, it may please be noted that the duration of consequential provisions at Level I (from January 1st to June 30th) would be changed to March 1st to June 30th for Calendar year 2024 and the subsequent levels (II, III and IV) under the consequential provisions for non-compliance with CPE hours will remain unchanged.
For ready reference, consequential provisions for non-compliance with CPE hours requirement on yearly basis from calendar year 2024 onwards are available at https://resource.cdn.icai.org/79152cpe63323.pdf
It may be noted that due to the extension of last date for compliance of CPE hours' requirements for the Calendar year 2024 till 28th February, 2025, the CPE hours earned up to 28th February, 2025 will be counted for the calendar year 2024 - for only those Members who have shortfall of CPE credits for the Calendar year 2024. Further it is to be clarified that CPE Hours completed in extended period (01.01.2025 till 28.02.2025) will be credited/counted for Calendar year 2025 for those Members who have already complied with CPE Hours requirements as required for Calendar year 2024 till 31st December, 2024.
The above may be noted by the Members for timely compliance of CPE Hours requirements for Calendar year 2024 and latest by 28th February, 2025.
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