| Since its inception, the ICAI has always recognised the significance of Continuting Professional Education (CPE) for its members and pursued it as one of the avowed objectives so as to ensure that its members maintain the quality of service and knowledge expected of them. |
| In this age of information explosion and the rapid changes in technology, trade and industrial environment, the need fo continued professional updation is supreme. To enable members to maintain the high standards of professional services, the CPE Committee is providing inputs to members by way of Seminars, Lectures Background Material and use of the electronic media. This provides the sharpening of professional skills so that the word "Chartered Accountant" is synonymous with excellence in services. |
| The ICAI decided that CPE requirement would be mandatory for the members in practice, with effect from 1st January, 2003 and for the members in Industry it would be recommendatory initially. However, the Council also decided that for members above 65 years of age, the requirement would be recommendatory. |
| The ICAI is in the process of issuing a Statment on Continuting Professional Education as a direction to prescribe the CPE requirement with which the concerned members of the ICAI should comply from the stipulated date prescribed for the purpose. |
| The Committee has also decided to develop a comprehensive computerised system towards recording and reporting of CPE activities. It has also decided to record attendance of members through the use of 'Smart Card' once they attend any programme ornised by the ICAI across the country. |
| The ICAI earlier conducted CPE programmes through Teleconferencing but recently discontinued the same due to technical reasons and huge cost involvement. The Committee intends to organise programmes through Web-based learning which would be cost efective and readily accessible too. |
| The Committee continued to conduct the Post Qualification Course for the benefit of the members. The Committee has been taking appropriate measures to popularise these courses. |
| In order to encourage excellemce in the area of accounting auditing, management economics and allied areas, the Committee continued to publish the quarterly research magazine Management and Accounting Research. The journal attracts technical contributions from experts both in India and from aborad. |
| As CPE requirement (i.e. 6 hours per annum and 25 hours in a block of 3 years) is becoming mandatory with effect from 1st January, 2003, the Committee in addition to holding programs and pursuing its basic objectives also proposes to concentrate on the following :- |
 |
Implementation of computerised system for recording of CPE hours |
|
Recording of attendence of members through the use of Smart Card. |
|
Strengthening of the system of production of Background Material so that members get them at the right point of time |
|
Educating members on the different Accounting Standards issued recently. |
|
Institution of a Faculty Development Programme |
|
Conducting teleconferencing for reaching out to all members. |
|
Internet based CPE programme and user of online knowledge portal for giving unstructured CPE hours to members |
|
Providing CPE programmes on Web sities |
|
Preparing a statement on CPE Standards | |
