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.
At their January 2016 meetings, the AICPA and NASBA Boards of Directors approved the recommendation to re-expose the proposed revisions to the Standards.
Link to the November 2015 Exposure Draft
Link to Red-lined Version to the April 2015 Exposure Draft
Link to Red-lined Version of the 2012 Standards to the November 2015 Exposure Draft
Link to Executive Summary
In addition to the Exposure Draft of the proposed revisions to the Standards, the AICPA and NASBA Boards of Directors approved recommended changes to the NASBA Fields of Study for public comment:
Public Comment Period and Next Steps
Please submit comments by April 30, 2016 to:
Clar Rosso - firstname.lastname@example.org
Jessica Luttrull - email@example.com
If the process continues to follow the recommended timeline, the Joint CPE Standards Committee will review and consider the comments submitted during the comment period and present the Standards to the AICPA and NASBA Boards of Directors for final approval at their meetings in late July and August 2016.