CPE Hours for New Members



Hi All,

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.

 
Reply   
 
chartered accountant

Hi Suraksha

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).

 


Total likes : 1 times

 
Reply   
 

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
year.

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.


Regards,

Cpeadmin

ICAI
 


Total likes : 4 times

 
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Chartered Accountant

Thanks for the good information regarding CPE hours

 
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Chartered Accountant

Thank u very much for sharing this information...SSG

 
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Chartered Accountant

I m having little doubt , CPE hour is not required for first year in which v enroll as member so whether it is calender year or financial year ??

 
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Chartered Accountant

I m having little doubt , CPE hour is not required for first year in which v enroll as member so whether it is calender year or financial year ??

 
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CPE hours are exempt in the calender year in which member is granted Certificate of Practice for the first time.

 
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hi

What about rolling year.

 

I enrolled i August 2009, no COP.

what I have to do in 2010.

 

How much hours I have to attend. Is online attending of elearn counted ?

 

thanks

 
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SSG THANKS FOR SHARING VERY USEFULL INFORMATION

 
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