Continuing professional education is required for CPAs to maintain their professional competence and provide quality professional services. CPAs are responsible for complying with all applicable continuing education requirements, rules and regulations of state boards of accountancy, as well as those of membership associations and other professional organizations.
The Statement on Standards for Continuing Professional Education (CPE) Programs (2012) (Standards) is published jointly by the American Institute of Certified Public Accountants (AICPA) and the National Association of State Boards of Accountancy (NASBA) to provide a framework for the development, presentation, measurement, and reporting of CPE programs.
Implementation and Application of the Standards
The Standards are intended to be an “evergreen” document. As questions arise related to implementation and application of the Standards, the questions will be presented to the CPE Standards Working Group. The CPE Standards Working Group will meet quarterly as outlined below.
Authoritative interpretations will only be issued by the CPE Committee, upon the recommendation of the CPE Standards Working Group, in limited cases when the matter is not addressed in the Standards, cannot be addressed specifically with the CPE program sponsor, or cannot be addressed in the Best Practices document. All interpretations issued by the CPE Committee will be reviewed and considered by the Joint AICPA/NASBA CPE Standards Committee upon the next revision of the Standards.
Future Standards Revision Process
Every two years from the effective date of the Standards, the Standards will be reviewed in their entirety by the CPE Standards Working Group. If the Working Group determines that revisions or modifications are required, then the Working Group will make its recommendation to the Joint AICPA/NASBA CPE Standards Committee. In the limited situation when an interpretation has been issued by the CPE Advisory Committee, the interpretation will be reviewed and considered at that time by the Joint AICPA/NASBA CPE Standards Committee.
NASBA and the AICPA approved the revisions to the Statement on Standards for Continuing Professional Education (CPE) Programs (Standards) during their respective July and August Board of Directors meetings. Published jointly by NASBA and the AICPA, the Standards provide a framework for the development, presentation, measurement and reporting of CPE programs.
In addition, the NASBA Board approved and the AICPA Board took a position of support on the revised NASBA Fields of Study document. The NASBA Fields of Study document is referenced in the Standards and provides guidance on the classification of CPE credits into acceptable subject matter areas.
The following documents are available for download: