Kind Attention: All Members of ICAI

Dear Member,

Greetings!!

Subject: Request to comply with CPE hours requirements for the Current Calendar Year (i.e. from 1-1-2024 to 31-12-2024) latest by 31st December, 2024

With a view to enable its members to maintain the requisite high-quality standards in the professional services and the professional competence, the ICAI identified Continuing Professional Education (CPE) as a major area of focus for the members and accordingly, in the year 2003, the ICAI had issued the Statement on Continuing Professional Education, 2003 prescribing the norms for undergoing CPE activities by the members and the mechanism to implement the same by POUs. The CPE Statement, 2003 was amended from time to time and was applicable till enforcement of CPE Statement, 2023.

Further, you are already aware that from Calendar year 2023 onwards the CPE Hours requirements have been revised which are to be complied with by various categories of Members. These CPE Hours Requirements for each Calendar Year Applicable from 1-1-2023 onwards are available at https://resource.cdn.icai.org/73566cpe59376.pdf

The CPE learning activities are categorized into Structured Learning Activities (SLAs) and Unstructured Learning Activities (ULAs). These advisories are available at https://www.cpeicai.org/advisory-on-structured-and-unstructured-learning-activities/.

Further, in exercise of the powers conferred by the section 15(2) (fa) of the Chartered Accountants Act 1949 as amended by the Chartered Accountants (Amendment) Act, 2022 (No. 12 of 22), the Council of ICAI at its 426th meeting had decided to issue “Statement on Continuing Professional Education, 2023” for undergoing CPE activities by the members and the mechanism to implement the same by POUs. This includes consequential provisions for non-compliance with CPE hours’ requirements applicable to various categories of members on yearly basis from Calendar Year 2024 onwards as decided by the Council of ICAI. These consequential provisions are applicable w.e.f. 1st January, 2025 for non-compliance arising from the Calendar Year 2024. Detailed Statement on Continuing Professional Education, 2023 is hosted on ICAI portal and accessible at https://www.icai.org/post/issuance-of-cpe-statement-2023.

Members can earn their professional learning credits (eligible Structured/Unstructured CPE hours) through e-Learning platform –Digital Learning Hub(https://icai.org/elearning), where the learning is facilitated with videos, presentations, reference material, guidance notes etc. in both desktop and mobile device modes.

Some Important points to note from the CPE Statement 2023, are as follows:

• 1. 2 CPE hours each on the topics “Code of ethics” and “Standard on auditing” were mandatory till Calendar year 2023 only. These are Recommendatory from Calendar Year 2024 onwards.
• 2. Due to introduction of Consequential Provisions from Calendar year 2024 onwards the last date of completion and submission of Self Declaration Form for claiming Unstructured hours (ULA) from Calendar year 2024 is preponed to 31st December of every year.
• 3. Member is exempted to comply with CPE Compliance only for the particular Calendar year during which he/she gets membership for the first time.
• 4. Member can Complete its Structured learning requirements using indicative list of eligible CPE Structured Learning Activities available at Advisory on Structured Learning (revised)
• 5. In case member Surrendering & Obtaining COP during/in between any Calendar Year than Applicability of CPE requirements are as follows:

  	Applicability of CPE requirements in case of
  Period	Surrendering of COP	Obtaining of COP
  From 1st January to 30th June	Non-COP holder	COP holder
  1st July to 31st December	COP holder	Non-COP holder

• 6. Out of 20 Structured CPE Hours which is mandatory to be completed by Members below 60 years and holding COP, in each Calendar year, 4 Structured CPE Hours can be completed in virtual mode through Digital Learning Hub till any further modification.
• 7. There is actual credit of Structured CPE hours for Completion of Certificate/Diploma Courses (Virtual/Physical) conducted by Central Committees of ICAI.
• 8. Further it may kindly be noted that crediting of CPE hours for any CPE Event would be effective in the Calendar year in which event is concluding.

CPE Hours Status: You can view your updated CPE hours status by logging into the CPE Portal at www.cpeicai.org. Use your six-digit membership number as the User ID and the default password format: cpe+6 digit membership number.

Therefore, Members are again requested to complete and claim their CPE hours requirements (structured/unstructured) for the current Calendar year (2024) in timely manner without any delay - latest by 31st December, 2024.

To avoid any hardship and to ensure compliance as per Continuing Professional Education Statement, 2023, we once again urge you to review your current CPE hours status on the CPE Portal www.cpeicai.org.

Should you have any discrepancies regarding Structured CPE hours, please contact the relevant CPE Programme Organising Units (POUs) directly.

Your timely compliance with these requirements is essential to maintain the requisite professional standards and to avoid any hardship that may arise from non-compliance.

Happy learning!

With Kind Regards,

CPE Committee
The Institute of Chartered Accountants of India
(Set up by an Act of Parliament)
'ICAI BHAWAN', A-29, Sector 62, Noida 201309
http://www.icai.org
Email: cpeadmin[at]icai[dot]in