CPE Hours requirements for the block period of 3 Years (01/01/2020-31/12/2022)
Summary of Requirement of CPE hours:
|
|
In a calendar year |
Rolling period of 3 years |
||
|
Type |
Structured |
Unstructured |
Structured |
Unstructured |
|
Member with COP and Age <60 (Except all those members who
|
Minimum 20* Hours |
Minimum 20 Hours Can be structured or |
Minimum 60* Hours |
Minimum 60 Hours Can be structured or |
|
Non-COP holder and Age <60 (And all those members who are
|
Min 15 Hours either structured or
|
Min 60 Hours either structured or
|
||
|
COP Holder and age 60 and above |
Min 20 Hours either structured or |
Min 90 Hours either structured or unstructured |
||
*Mandatory 2 Structured CPE Hours each on topics of “Standards on Auditing” and “Code of Ethics” (total 4 Structured CPE Hours) during every Calendar year in Physical/Virtual mode
Who are exempt from mandatory CPE hours?
The following class of members are exempted from CPE credit hours requirement:
- All the members (aged 60 years and above) who are not holding Certificate of Practice.
- Judges of Supreme Court, High Court, District Courts and Tribunal
- Members of Parliament/MLAs/MLCs
- Governors of States
- Centre and State Civil Services
- Entrepreneurs (owners of Business (manufacturing) organizations other than professional services)
- Judicial officers
- Members in Military Service
Temporary Exemptions:
- Female members for one Calendar year on the grounds of pregnancy.
- Physically disabled members on case to case basis having permanent disability of not less than 40% and above (Supported with medical certificates from any doctor registered with Indian Medical Council with relevant specialisation as evidenced by Post Qualifications (M.D., M.S. etc.).
- Members suffering from prolonged critical diseases/illnesses or other disability as may be specified or approved by the CPED. (Supported with medical certificates from any doctor registered with Indian Medical Council with relevant specialisation as evidenced by Post Qualifications (M.D., M.S. etc.).