Suraksha (-) 10 December 2009
I jgot enrolled as a member of ICAI in Jul 2009 and I am not holding COP. Can anyone guide me as to the following:
1) Is a new member exempted from completing min.10 CPE hours in his first year of membership?
2) In my case, am I still required to complete 45 CPE hours in the time left out of 3yr rolling period 2008-2010 ie. in 2009 & 2010 or am I supposed to complete hours pro rata to my period of membership ie.45*Days between Jul2009 and Dec2010?
Please reply as 2009 Year end is nearing and I would have to complete the CPE hours requirement for 2009 accordingly.
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Ritasha (chartered accountant) 12 December 2009
As per statement on continuing professional education,A member is exempted from requirement of CPE Hours for the year during which he gets his membership for first time.I am little bit confused whether there is any amendment in above provision.I am also fresher member and want to know about it as only about 15 days left.IF u get info plz let me know (ritashaa @ yahoo.co.in).
SSG 16 December 2009
I asked the same query from the institute and got the following reply:-
We would like to mention that exemption from the mandatory CPE hours
requirements is granted to the member for the year in which the member gets
the Certificate of Practice for the first time.
Except the above mentioned, the members are required to comply with the CPE
hours requirements. The CPE hours requirements for the members of the
Institute are as follows:
All the members who are holding Certificate of Practice (except those
members who are residing abroad), unless exempted, are required to:
(a) Complete at least 90 CPE credit hours in each rolling three-year
period of which 60 CPE credit hours should be of structured learning.
(b) Complete minimum 20 CPE credit hours of structured learning in each
All the members who are not holding Certificate of Practice or are residing
abroad (whether holding Certificate of Practice or not), unless exempted,
are required to:
(a) Complete at least 45 CPE credit hours of structured/unstructured
learning in each rolling three-year period
(b) Complete minimum 10 CPE credit hours of structured/unstructured
learning in each year.
We would further like to inform you that for CPE hours, calendar year i.e.
January - December is being followed.