Changes in CPD Requirements for CPA, CAs and CPA, CMAs
Three-year rolling cycle
From 2017 onwards, all CPAs will be subject to a three-year rolling CPD cycle. This is not new for CPA, CGAs and CPA, CMAs, as they have
already been on a three-year rolling cycle for some time. For CPA, CAs, 2014-2016 will be the last three-year fixed cycle, and 2015-2017 will be
the first three-year rolling cycle.
How the 3-Year Rolling Cycle Works
2014
2015
2016
40hrs
40hrs
40hrs
2017
2018
2019
2020
2021
50hrs
(30)
(40)
(50)
(30)
denotes verifiable business ethics
The chart addresses total CPD hours, but the same principle
would apply to verifiable CPD.
1. In the first three-year cycle, the member completed 40 hours
of CPD each year.
2. In the third year of the second cycle, the member completed
50 hours of CPD, for a total of 130 CPD hours.
3. To reach the requisite 120 hours for the third cycle, the member
would need to complete only 30 CPD hours in 2018.
4. For the fourth cycle, the member would need to complete
at least 40 hours in 2019.
5. A member who met the verifiable business ethics requirement
in 2016 would need to meet the requirement again by 2019,
and so on.
Verifiable business ethics
All CPAs are required to complete a minimum of four hours of verifiable
business ethics in each three-year rolling cycle. This ethics requirement
has been in place for CPA, CGAs for some time, and it will continue
to be applied on a three-year rolling basis. It is, however, a new
requirement for CPA, CAs and CPA, CMAs, and is effective for the
2015-2017 rolling cycle. Accordingly, CPA, CAs and CPA, CMAs
must complete four hours of business ethics no later than December
31, 2017. For guidance on the ethics requirement, please refer to our
website at bccpa.ca/cpd-ethics-requirement.
Additional information
For further information, please refer to our website at bccpa.ca/cpd
or contact us at [email protected]. Alternatively, you can reach us by
phone by calling Lisa Murray, CPD administrator, at 604-488-2614, or
Irene Tomyn, CPD and membership co-ordinator, at 604-730-6247.
Erratum
The hard-copy version of the July/
August 2016 magazine contained an
error: On page 24, we mistakenly
included “Community Service” in
the list of CPA practical experience
requirements. It is not a requirement.
Our apologies for any confusion this
may have caused.
MarkRubens/istock/Thinkstock