Requirements
The mandatory CPD requirements for members of CPA Nova Scotia have been
aligned with the International Federation of Accountants’ (IFAC) CPD standards.
Continuing Professional Development requirements in CPA Nova Scotia's Bylaws govern CPD for all
members.
Every member, unless exempted, will be required to file a compliance report,
verifying that they have met the standards for CPD. The minimum amount of
Continuing Professional Development that a Member must complete, unless they
met exemption or reduction requirements, is as follows:
- 20 hours each calendar year, of which 10 hours are verifiable; and
- 120 hours in every rolling three-year calendar period, of which 60
hours are verifiable;
- A minimum of 4 hours of verifiable CPD in
professional ethics in each 3 rolling year-three calendar year to be included in verifiable hours total. See
prescribed CPD policy.
If the
Member has a Public Accountants Board of Nova Scotia license to perform audit
engagements, they must undertake CPD related to public accounting, and will be
required to complete an annual self-assessment and declaration in accordance
with national guidelines which have been established to address IES 8 –
Professional Competence for Engagement Partners Responsible for Audits of
Financial Statements. See prescribed CPD section in CPD Policy.
The compliance report is due annually on March 31st and is for the activities completed in the previous calendar year.