Retirement - CPD


“Inactive Members” are members who are no longer involved in any activity where it is reasonable to believe that another party may be relying on the skills, knowledge, experience or competencies gained through the member’s professional training, education, development or experience.

Inactive members may or may not be fully or partially exempt from CPD. 

It is reasonable to believe that another party may be relying on a member’s skills, knowledge, experience or competence where:

Level I Risk:

  • The member is remunerated, directly or indirectly, for their service irrespective of whether they are involved in accounting fields or other professional areas; or
  • The member serves on the board or similar governing body, or an audit, finance or similar governance committee of a public company, or of a large or prominent organization such as (but not limited to) charities, foundations, associations, hospitals, health authorities, publicly funded educational institutions and social service agencies; or
  • The member works in the practice of public accounting or other regulated services; or
  • The member holds a license from the Public Accounting Board; or
  • Any other situations where the risk to the public is high should the member not be competent.

 

Further, where a member does not perform any of the roles outlined above in Level I Risk, it is still reasonable to believe that another party may be relying on a member’s skills, knowledge, experience or competence where:

Level II Risk:

  • The member is filling a volunteer role which involves signing financial statements, information returns or other government filings, grant applications or similar documents for an organization; or
  • The member volunteers on a finance, audit or similar governance committee of an organization; or
  • The member volunteers as the Chair of the governing body of an organization; or
  • The member is looked to for financial guidance from other members of the organization, such that the member may be held to a higher level of accountability by the organization and its stakeholders if something went wrong financially.

 

When logged in to the member portal, click on "My CPD".  If you do not have any hours to report, you can click "Submit a CPD Exemption Request".  This category is for those members who have no intention of returning to the workforce and do not earn active income (less than $5,000).  Examples for this category are:

  • Retired, no active income (less than $5,000); or
  • Infirm, in cases where a member is permanently withdrawn from employment and other professional activity due to a long-term critical, terminal or chronic medical condition; or
  • Special circumstances, as approved.


Thereafter, the request will be submitted to the PD Committee for its consideration.

If a Permanently Inactive Member no longer meets the criteria, CPA NS should be notified within 30 days of the change in status.  In rare circumstances, Members who plan to return to active employment will require a re-entry plan from CPA Nova Scotia approved by the Professional Development Committee.