AICPA and NASBA Approve Revisions to CPE Standards
The AICPA and NASBA recently announced they have approved revisions to The Statement on Standards for Continuing Professional Education (CPE) Programs. The changes become effective Jan. 1, 2024. The organizations also approved the NASBA document Fields of Study That Qualify for Continuing Professional Education.
The CPE standards, which are published jointly by the AICPA and NASBA, detail the framework for the development, presentation, measurement and reporting of CPE programs. The standards reference the NASBA Fields of Study document, which also was reviewed for currency and relevancy.
NASBA approved the standards revisions in October, and the AICPA approved them this month. One of the most significant changes is the addition of a virtual option under the Group Live instructional delivery method (provided certain additional requirements are met). The 2024 standards contain clarifications to aid in the understanding of awarding CPE credit in appropriate increments, in the awarding of CPE credit when multiple presenters are actively involved in instructing one CPE program session, and in communicating and documenting the required attendance monitoring mechanisms for group internet-based programs.
Regarding the Fields of Study document, revisions include the addition of more current, relevant topics under the established fields of study classifications.