The term Continuing Professional Education (CPE) is used to describe learning activities that build and maintain professionalism so that accountants can continue to do their jobs appropriately.
The International Federation of Accountants’ (IFAC) International Education Standard (IES) 7, Continuing Professional Development (Revised), approved by accounting professional organisations worldwide, requires professional accountants to engage in and document appropriate continuing professional development that builds and maintains professionalism required to execute their position.
Institute of Singapore Chartered Accountants (ISCA) members will be required to meet specific CPE criteria in full compliance with the specified standard and to ensure that the Institute continues to sustain professional and ethical standards in order to safeguard the public interest and enhance the reputation of the accounting profession.
The goal of CPE is :
- Modern technology has disrupted the way we work and changed the nature and scope of our jobs. Professional accountants must study and adapt to changes in processes, technology, professional standards, regulatory requirements, demand of the employer, and other areas to stay ahead of the curve.
- CPE is essential for staying current with industry trends, gaining new information and skill sets in emerging areas, gaining professional recognition in your field, and achieving your professional goals.
- CPE and never ending learning are critical to safeguarding the public interest, ensuring the delivery of high-quality services to customers, employers, and other stakeholders, and enhancing the profession’s legitimacy.
How do you get started with your CPE?
- Understand your CPE requirements.
- Plan and complete CPE activities that are applicable to your work.
- In the ISCA (Institute of Singapore Chartered Accountants) eServices Portal, update your CPE activities and track your CPE compliance under the “CPE Compliance” page.
- Declare your CPE compliance status while renewing your membership.
- If you’ve been chosen for the CPE Compliance Check, send ISCA your CPE records and supporting documentation for review.