The National Association of State Boards of Accountancy (NASBA) and the AICPA re-issued their Exposure Draft on Tuesday for the proposed revisions to the
Published together by NASBA and the AICPA, theStandards provide structure for the development, presentation, measurement and reporting of CPE programs.
TheStandards Exposure Draft was open for comment April through October 2015. The comment period resulted in 51 comment letters received, from sources including CPE providers, licensed practitioners, CPA Firms, state boards, and state CPA societies. The areas receiving the most attention included the proposed addition of two new instructional delivery methods for CPE; nano-learning and blended learning.
Other comments addressed program evaluations, CPE credit for technical reviewers, purchasing content from other entities, application of the word count formula in determining the CPE credit for self-study and changes to the terminology of group internet-based program.
"We appreciate those individuals and organizations that took the time to provide their comments to the initial Exposure Draft and for the hard work of the CPE Committee and CPE Working Group in reviewing and addressing those comments," stated
All submitted comments were first reviewed by the CPE Standards Working Group in November 2015. In December 2015, the Working Group submitted its recommendation to NASBA’s CPE Committee for consideration. The recommendation was approved by the CPE Committee with minor revisions and was moved to the Joint AICPA/NASBA CPE Standards Committee where it was approved with one revision in early January 2016. Due to the areas of comment, the final recommendation was submitted to request approval for re-exposure of the proposed revisions to theStandards. The re-issuance was approved by the NASBA and AICPA Boards of Directors during their respective meetings last month.
“These proposed revisions to CPE standards take advantage of a range of available learning options and provide CPAs greater opportunities and increased flexibility in their professional education. This revised Exposure Draft makes clear that all CPE, regardless of delivery method, will continue to be held to a rigorous standard,” said
NASBA and the AICPA encourage interested parties to download and review the
Public comments will be accepted through April 30, 2016. Final approval on the proposed revisions will be requested by the NASBA and AICPA Boards at their respective July and August 2016 meetings, with an anticipated effective date to theStandardsofSeptember 1, 2016.