23 December 2008

Compliance of CPE Credit Hours for the Calender Year 2008

Compliance of CPE Credit Hours for the Calender Year 2008 - (20-12-2008)
Important Announcement for Members holding Certificate of Practice (COP) with regard to Compliance of CPE hours requirements for the Calendar Year 2008
 
We would like to inform you that the Council at its 283rd Meeting held on 18th – 20th December 2008 noted the following CPE hours requirements for the members holding Certificate of Practice (COP):
 
Members holding Certificate of Practice (except those members who are residing abroad and senior members), unless exempted are required to:
  • complete at least 90 CPE credit hours in each rolling three year period starting from the calendar year 2008, of which 60 CPE credit hours should be of structured learning.
  • complete minimum 20 CPE credit hours of structured learning in each year.
The Council advised all the Members holding Certificate of Practice (COP), who have not so far completed the minimum 20 Structured CPE credit hours, to complete the same by 31st December, 2008. In cases, where members holding Certificate of Practice (COP) do not complete the CPE credit hours requirements, the Council decided as follows:

"In cases where members do not complete the CPE credit hours as above, the Council has decided that names of such members be not included in any panel that is forwarded by the Institute, on or after 1st January, 2009, to any regulators or other authorities. In the case of a firm, if any partner/paid assistant had not completed the requisite CPE credit hour for the year 2008, the names of such partner/paid assistant will not be included while considering the eligibility criteria and this fact will also be stated in case the firm is otherwise found eligible after excluding name(s) of such partner(s)/paid assistant(s).

This is for information and compliance of all members concerned."

UNSTRUCTURED CPE ADVISORY

CPE Advisory

 

8.     Unstructured CPE Learning Activities

 

8.A         Introduction

 

8. A.01   The CPE learning activities, which are eligible for CPE Credits are divided into Structured and Unstructured Learning Activities (ULAs). This Advisory is meant as guidance and direction to the members who want to avail CPE Credits through ULAs

 

8.A.02    As per the Statement on CPE, the indicative list of Unstructured CPE Learning Activities that are eligible for CPE Credit is as follows:

Ø      Web-based learning modules (e-learning)

§         e-learning is "instructional content or learning experiences delivered or enabled by electronic technology". Electronic technology encompasses everything from Computer-Based Training (CBT), to compact disks (CDs), to Web-based applications."

Ø      Self-learning modules and courses (use of audiotapes, videotapes, correspondence courses, computer based learning programmes)

Ø      Reading and individual home study

§         Reading and Individual Home Study may constitute reading articles in the Journal, 'The Chartered Accountant' of the Institute, reading technical, professional, financial or business literature.

Ø      Group or bilateral discussion on technical issues

Ø      Acting as visiting faculty or guest faculty at the various Universities / Management Institutions / Institutions of National Importance

Ø      Participation in CPE Teleconferencing Programmes without the supervision of the POU

Ø      Providing solutions to questionnaires / puzzles available on Web / Professional Journals

Ø      Internal Training Programmes being organised by firms of Chartered Accountants having seven or more partners

 

8.A.03    The Members would be required to fulfill the documentation requirements as mentioned in this advisory, to avail respective CPE Credits. The Members would also be required to maintain and retain proper records of ULAs undertaken by them, i.e. Type of unstructured activity, topic, date and the number of CPE hours requested by them.

 

8.A.04    The members are required to submit a Self-Declaration Form to the concerned Decentralized Office once in a year to avail the CPE Hours Credit for the ULAs undergone by them.

 

8.B         Basic Components of Unstructured Learning Activities (ULAs)

 

8.B.01     The members are advised to devote time to ULAs in continuity so as to maximize the benefits of learning activities.

 

8.B.02     The topics studied should be of relevance to the work profile of member/s and/or Chartered Accountancy Profession. The indicative list of topics is given in the CPE Calendar, which is announced by the CPE Committee every year.

 

8.B.03     The study material used for ULAs like Self-Learning Modules / Courses and Individual home study etc., should be of adequate standards and comprehensive in nature.

 

8.C         Self-Declaration Form

 

8.C.01    The Self Declaration Form has to be completely filled in and signed by the members.

 

8.C.02    The Members are required to indicate the time devoted to the ULAs in the areas that are related or relevant to the profession, in the Self Declaration Form.

 

8.C.03    A blank Self-Declaration Form would be sent to the members along with the Membership Fee Circular.  The same could also be downloaded by the members from the CPE Portal.

 

8.D.        Submission of Self-Declaration Form by the member

 

8.D.01    The members are required to submit their Self-declaration in the form enclosed as Annexure-I, once in a year before 31st May, to avail the CPE Hours Credit for the ULAs undergone by them in the previous year. These forms would have to be submitted to the concerned Decentralized Offices. The members could also submit the same to the Sub-Decentralized Offices for onward submission to the concerned Decentralized Offices.

                       


 

8.E          Monitoring and Recording of CPE Credit Hours of Unstructured Learning Activities (ULAs)

 

8.E.01     The Decentralized Offices of the Institute are entrusted with the task of monitoring and recording the CPE hours Credit for the ULAs.  On the basis of Self Declaration submitted by the Members, the concerned Decentralized Offices would enter the CPE Hours Credit on the CPE Portal under the Head `Unstructured Learning Activities (ULAs)'.  The necessary provision for recording the CPE Hours for the ULAs has been provided on the CPE Portal.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

Annexure I

 

Self-Declaration Form to avail CPE Hours Credit for Unstructured Learning Activities
For the Calendar Year _________

 

Name:

Membership No.:

Address:

                                                                                                     

Contact No.

E-mail id:

 

Details of Unstructured Learning Activities Undergone

Type of ULAs

Particulars

Details

Topic

Date

Requested CPE hours

 

Web-based

Web-based Learning modules

 

 

 

 

 

Self-learning

Self-learning Modules and Courses

(1)     Audio-tapes/video-tapes.

(2)     Correspondence courses.

(3)     Computer based learning programmes

 

 

 

 

Home study

Reading and Individual Home Study

 

 

 

 

 

Discussion on Technical Issues

Group or Bilateral Discussion on Technical Issues

 

 

 

 

 

Acting as Faculty

Acting as visiting faculty or guest faculty at various Universities / Management Institutions / Institutions of National Importance

 

 

 

 

Teleconferencing Programmes

Participation in CPE Teleconferencing Programmes without supervision of the POU

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Questionnaires/Journals

Providing solutions to questionnaires / puzzles available on Web / Professional Journals

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Internal Training Programmes

Internal Training Programmes being organised by firms of Chartered Accountants with seven or more partners

 

 

 

Total CPE Hours requested

 

 

Undertaking

 

I, _______________________________________________, (name of the Member) hereby declare that I have undergone the unstructured learning activities as indicated by me in this form above.

 

I also confirm that the information given by me for claiming CPE credit hours for each unstructured activity is correct.

 

 

Place:

Signature of the Member

Date:

 

Note:               Members may annex a separate sheet if the given format is not sufficient for filling in complete details.

 

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