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 rolling three-year calendar period to be included in the verifiable hours total. See prescribed CPD policy.
- If the Member holds a public accounting licence and performs the role of an engagement partner responsible for audits of financial statements, 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.
How To Report CPD
On or before March 31 of each year, every Active Member shall file his/her report online through the CPA Nova Scotia Member Portal with respect to the Member's CPD activities during the previous calendar year. Each Member shall be responsible for identifying the CPD hours that were completed and enter them into their CPA Nova Scotia Member Portal.
Any classroom sessions provided by CPA Nova Scotia that participants sign in for using the iPads in the classroom or during PD week, or attendance is otherwise taken, will automatically be credited to their CPD online record.
Every Active Member shall retain documentation to support the verifiable learning activities that were reported on the Member's detailed compliance report made either electronically or in paper form for at least five years from the date of reporting.
For questions about Continuing Professional Development (CPD) Reporting, please contact Danielle Roode, Associate Registrar at: [email protected]