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CPD Requirements for CPA-BM

Know Your Requirement

CPA Bermuda CPD Requirements Overview

CPD Requirements120 hours over a three-year rolling cycle with at least 20 CPD hours every year.
License Renewal Period
The license renewal date is March 31 of the following year.
CPD Reporting Cycle
CPD reporting for CPA Bermuda is from January 1 to December 31 each year.
Carry-Forward of CPD
No, carry-forward of CPD is not allowed.
Ethics Requirement
4 verifiable hours in professional ethics.
Subject Area RestrictionA minimum of 20 CPD hours must be reported annually, of which a minimum of 10 hours must be verifiable learning.

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Simplifying Regulations for 2025

CPD RequirementsComplete 120 CPD hours every three years, with at least 20 CPD hours every year.
Initial CPD HoursNew members joining CPA Bermuda from another international accounting body, or another provincial CPA body are required to complete the full CPA Bermuda CPD requirements in the year of admission. View more
Ethics Requirement4 verifiable hours in professional ethics. View more
Content RequirementA minimum of 20 CPD hours must be reported annually, of which a minimum of 10 hours must be verifiable learning. View more
Subject AreasClick here to check CPA-BM detailed approved FOS/ subject areas for CPD Credits.
Learning Modes100% of CPD can be through self-study.
Eligible Learning Activities

Eligible learning activities include:

  • Verifiable: Continuing Education, Instruction/Speaking (Max 5 Hrs), Committees, Research/Publications (Max 5 Hrs), Studying. 
  • Unverifiable: Technical reading, self-study of published materials; self-study courses; Research, including reading professional literature or journals and more.
CPD DeadlineThe license renewal date is March 31 of the following year.
Fast Track CPDOur Fast Track CPA-BM packages are expertly curated bundles that meet CPA-BM’s exact continuing education requirements. Save significant time selecting individual courses by choosing our comprehensive packages that cover all your CPD needs. View more
ReportingJanuary 1 to December 31 each year.
License RenewalFailure to report CPD or report a CPD Plan to remedy deficiencies by March 31, will result in a late fee of $50 and/or suspension. View more
Carry ForwardNo carry-forward of credits allowed.
Record RetentionMaintain records of completed CPD credits for 5 Years as they may be subject to audit by the state board. View more
Renewal FeesThe license renewal fee is $945. View more

Do MYCPE ONE Courses Qualify for CPD in the State of Bermuda? Yes!

CPABM defines CPD as learning that is relevant and appropriate to a member’s professional responsibilities, work, and growth as a CPA, and it is not required to be completed through CPABM. MYCPE ONE is continuing education provider and specialises in various learning formats, including - 

  • Live Webinar 
  • On Demand (Self-Study) Webinar 
  • Podcast

For convenient access to our courses, Click here to explore the MYCPE ONE course catalog. We offer an all-inclusive subscription model, similar to Netflix, where a single subscription gives you access to the most extensive online course catalog. Plus, our subscription rates are 60% lower than other platforms. Subscribe today!

Contact Information for CPA Bermuda

Chartered Professional Accountants of Bermuda 
Penboss Building, 50 Parliament Street, Hamilton HM12
T. 441.292.7479
F. 441.292.7479
E. info@cpabermuda.bm
Website: www.cpabermuda.bm

Disclaimer: We regularly update our website to ensure the information regarding CPA-BM CPD requirements is current and accurate. However, for your complete understanding and to ensure compliance, we strongly advise you to visit the official state requirement page for the most up-to-date and definitive information.

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Frequently Asked Questions

Members must complete 120 CPD hours over a rolling three-year cycle, with a minimum of 20 CPD hours required annually.

New members are required to fulfill the complete CPD reporting requirements in their year of admission, regardless of the admission date. Click here for more details.

Members must complete 4 verifiable hours in professional ethics during each three-year cycle. Click here to view ethics courses on MYCPE ONE.

A minimum of 20 CPD hours must be reported annually, of which a minimum of 10 hours must be verifiable learning.

Click here to check CPA-Bermuda's detailed approved FOS/ subject areas for CPD Credits. 

Yes, CPA-Bermuda permits members to complete 100% of their CPD hours through self-study.

Eligible learning activities include:

  • Verifiable: Continuing Education, Instruction/Speaking, Committees, Research/Publications, Studying. 
  • Unverifiable: Technical reading, self-study of published materials; self-study courses; Research, including reading professional literature or journals and more.

CPD hours for a calendar year must be reported by December 31st annually.

Members must renew their license by March 31 each year. CPD deficiencies must also be reported and remedied by this date.

No, CPA-Bermuda do not allow carry-forward of CPD credits.

Members must retain CPD records for at least 5 years, as they may be subject to audit by CPA Bermuda.

The renewal fee is $945. View more

Fast Track, CPA-Bermuda packages are curated to meet CPA-Bermuda's specific CPD requirements. These comprehensive bundles save time by pre-selecting courses to cover all CPD needs.

Yes! CPA-Bermuda defines CPD as learning relevant and appropriate to a member’s professional responsibilities, work, and growth as a CPA. CPD activities are not required to be completed through CPABM. MYCPE ONE is a continuing education provider. Therefore, the courses listed on MYCPE ONE for CPAs in Canada are eligible to fulfill Canadian CPA CPD requirements. However, we have not been explicitly approved by CPA Canada.

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