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Members are aware that the Institute has released following announcements in the November 2003 and January 2004 issues of the Chartered Accountant Journal.

Limited revision of the Statement on CPE (Announcement had appeared at page no. 588 of the Chartered Accountant Journal's November 2003 issue) and Extension of last date to meet the CPE requirements for the Calendar Year 2003 (Announcement had appeared at page no. 800 of the Chartered Accountant Journal's January 2004 issue).

The CPE Directorate has received certain queries from the members at large with a request to provide certain clarifications on matters arising out of the extension of last date viz-a-viz granting CPE Credits on learning hour-to-hour basis for CPE Programmes w.e.f. 1.1.2004 (in accordance with the limited revision of the Statement on CPE).

The CPE Committee has decided to provide the following clarifications in this regard:

S. No. Issue Clarification
1. Eligibility for CPE Credit for the programmes w.e.f. 1.1.2004 for those members who had not earned the required number of credit for the Calendar year 2003 CPE Credit hours will be granted as per revised norms, i.e., Learning hour-to-hour basis.
2. Treatment of CPE Credit earned by members (who had already met the quota for 2003) by attending CPE Programmes during 1.1.2004 - 31.3.2004 To be reckoned for the CPE requirements for the Calendar year 2004
3. Treatment of CPE Credit earned by members (who have not completed the quota for 2003) by attending CPE Programmes during 1.1.2004 to 31.3.2004. The first 6 CPE Credit hours will be reckoned for the year 2003 and the balance, if any, will be reckoned for the year 2004.

If members are having any doubt in this regard, they may contact the Secretariat of the CPE Committee at cpeadmin@icai.org or tparamasivan@icai.org

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