Continuing professional education definition
/What is Continuing Professional Education?
Continuing professional education (CPE) is ongoing training that is required in order to remain certified as a professional in certain fields. The intent behind requiring this training is to force professionals to continue to update their knowledge of pertinent information that can improve their ability to serve their clients. In the accounting field, the state boards of accountancy all require a significant amount of CPE for certified public accountants (CPAs). Though the exact training requirements vary by state, the general requirements are:
To take 40 hours of training per year, with some minimum number of hours spent on accounting or auditing subjects; and
To take an ethics course every other year, which in some cases must pertain to the specific ethics requirements of the relevant state board of public accountancy.
Impact of CPE on Certification
If a CPA does not meet the CPE requirements of the governing state board of public accountancy, there is usually a requirement to make up the missing training time. If this does not happen within a reasonable period of time, then the person's CPA certificate is revoked. The individual may also be fined or censured if he or she has renewed a CPA certificate without having acquired a sufficient amount of CPE training.
Types of CPE Classes
There are a number of ways to fulfill the CPE requirement, which are as follows:
NASBA-certified classes. You can take classes from a CPE provider that is registered with the National Association of State Boards of Accountancy.
State board-certified classes. You can take classes that have been registered with the applicable state board of public accountancy. Not that many of the boards offer this option.
Writing on accounting topics. Depending on the rules of the applicable state board of accountancy, you may be able to claim a portion of your CPE hours as being derived from writing about accounting topics.
Teaching about accounting topics. Depending on the rules of the applicable state board of accountancy, you may be able to claim a portion of your CPE hours as being derived from the preparation for classes that you taught.
These classes can take the form of online self-study training, online webinars, in-person training, and so forth. A recent change in the rules is nano learning, where extremely short courses are offered that grant fractions of a credit hour for course completion.