1. Continuing Professional Education (CPE) for Professional Accountants
CA K Raghu
Past President, Institute of Chartered Accountants of India
Board Member - IFAC

2. CPE for Professional Accountants
“Those people who develop the ability to continuously acquire new and better forms of knowledge that they can apply to their work and to their lives will be the movers and shakers in our society for the indefinite future.” - Brian Tracy
The development of a professional accountant has two integral aspects: Initial professional education (IPE) and continuing professional education (CPE).

3. CPE for Professional Accountants
The Initial Professional Education (IPE) entails the earning of a tertiary education that qualifies a person for admission to the accountancy profession.
CPE refers to learning and development that maintains and develops capabilities to enable professional accountants to perform their roles competently.
It provides continual development of the professional’s (a) knowledge; (b) skills; (c) values, ethics, and attitudes; and (d) competence achieved during IPE.

4. Views on CPE for Professional Accountants
“Accountants need to focus on building competencies” says Mark Koziel, Executive Vice President, Firm Services, American Institute of CPAs.
“The generational shift within professional accountancy brings with it new learning preferences” says Amy Vetter, Global Vice President, Education & Head of Accounting at Xero.

5. NEED FOR CPE

6. Managing Change Complex and Dynamic Business Environment.
Changing Economic Environment.
Complex and dynamic regulatory environment.

7. Borderless World Globalization of Economies.
Rapid developments in Technology.
Developments and differences in the Accounting Environment.

8. Changing Expectations of Stakeholders
Paradigm shift in Accounting and Audit function.
Inception of Integrated Reporting in the Global Business Environment.
Increasing importance on Corporate Governance.

9. Sources and guidelines for CPE
Professional Accounting Organizations (PAOs) are an important supplier of structured CPE to their members.
The International Accounting Education Standard Board(IAESB) of IFAC has issued International Education Standard (IES) 7 which prescribes that IFAC member bodies implement CPE requirement as an integral component of a Professional Accountants’ continued membership to develop and maintain their professional competence.

10. Sources for CPE Training workshop & Seminars
Conferences and Conventions
Forums and Summits
E-Learning
Engagement as a resource person
Research
Graduate school programs of studies
Authorship of published technical articles , papers & books

11. Technology and CPE
The Institute of Chartered Accountants of India(ICAI) has undertaken several initiatives for CPE of the members leveraging upon the technology.
Enumerating the above initiatives of ICAI :
ICAI Knowledge Gateway - Designated Web Page for CPE of Members.
ICAI Now Mobile App.
Digital Library.
E – Learning.
Publications online store.
ICAI TV – Designated Web TV for streaming lectures of eminent speakers.

12. CA K.Raghu cakraghu@kraghu.com
Thank you
CA K.Raghu