The Certified Fiduciary and Investment Risk Specialist is a certification for professionals working in Trust Audit, Compliance, and Risk Management activities in the financial services industry. It is based on an established set of industry-wide competencies that cover the concepts, rules, regulations, laws, and standard operating procedures that the candidate should be proficient in the trust audit, compliance, and risk management field.
MY-CPE LLC is approved by NASBA and offers continuing education courses for Certified Fiduciary and Investment Risk Specialist (CFIRS) Professionals. We are focused on providing quality continuing education to members that incorporate the qualified subject areas. Our CE courses are authored/reviewed by industry specialists and subject matter experts. All our courses are designed in a way to ensure that courses meet your continuing education requirements.
CERTIFIED FIDUCIARY AND INVESTMENT RISK SPECIALIST (CFIRS) CE REQUIREMENT OVERVIEW
|CE Requirements||30 hours of CE to be reported in 3 years.|
|License Renewal Period||December 31st for the 3rd year.|
|CE Reporting Cycle||January 1st of the year following the year of designation and ends on December 31 for the 3rd year.|
|Ethics Requirement||Minimum 2 hours of Ethics requirement.|
|Carryover Credits||Can not carry forward the credits to the next reporting cycle|
The minimum CE requirement to be met by CFIRS members is 30 CE hours in 3 year reporting period. Out of these 30 hours, 28 hours must be in general credits and 2 hours in ethics-specific credit.
The minimum Ethics requirement to be achieved by CFIRS professionals is 2 hours.
A CFIRS® practitioner must meet three mutually inclusive requirements within each three-year reporting
Period to maintain their Active status:
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The license renewal period for CFIRS professionals is December 31st of the 3rd year.
The CE reporting cycle for CFIRS professionals is the 1st of the month following the date of designation and ends on the 31st of December for the 3rd year.
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Following are the qualifying subject areas:
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No there are no minimum CE requirements for CFIRS professionals in any particular subject area.
Following are the learning activities for CFIRS professionals:
All of the following myCPE Learning Activities are eligible for CWS Professionals: -
The cost of renewal is $200 for CFIRS professionals.
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If the requirement of CE filings, attestations and annual certification fees is not met even within 10 days post the CFIRS renewal deadline, a notice of deficiency is sent to the member. If the deficiency is not remedied within 30 days after the renewal period deadline, a notice of Inactive status is sent.
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Yes, individuals who are currently certified and whose status is Active may choose to voluntarily relinquish their certification. Individuals must notify the CFIRS Board in writing that they voluntarily relinquish their rights to use the CFIRS marks and logos, resources, the MyCFIRS site, and the Find a CFIRS public search engine. Voluntary relinquishments are eligible to apply for reinstatement at any time, subject to conditions.
Please note that certification fees paid to CFIRS Board are non-refundable.
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Any Inactive designation Holder may apply for reinstatement by submitting a written request to the board and meeting the conditions and completing the CE requirements for CFIRS.
The application must be completed within 90 days from Boards approval notification for reinstatement, if not then the individual may reapply after 6 months along with a non-refundable fee of $250.
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Any misconduct by a CFIRS professional including omission, violating a criminal law of any state, failure to respond to a request by the Board, false or misleading statement, etc. may constitute grounds for removal or dismissal of the member.
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myCPE provides courses that are approved for continuing professional education. Based on the guidelines issued by Cannon Financial Institute Continuing Professional Education Requirements, we recommend the programs/ webinars to be suitable for the qualification. However, it will be the responsibility of each attendee to ensure that they are eligible for CE credits based on their occupation/ job profile, knowledge requirements as well as guidelines laid down by their regulatory board before registering for the webinars.
|National Association of State Boards of Accountancy (NASBA)||143597|
|Internal Revenue Service (IRS)||GEHNZ|
|California Tax Education Council (CTEC)||6273|
|Certified Financial Planner Board (CFP)||8061|
|Society for Human Resource Management (SHRM)||RP5359|
|Human Resource Certification Institute (HRCI)||714694|
|American Payroll Association (APA)||372961|
|Texas State Board of Public Accountancy (TSBPA)||010556|
|Illinois Department of Financial & Professional Regulation (IDFPR)||158002756|
|New York State Board of Public Accountancy (NYSPA)||002976|
|Courses Eligible for CPE of Certified Fraud Examiner (CFE)||Approved|
|Courses Eligible for CPE of Certified Valuation Analysts (CVA)||Approved|
|Institute of Finance and Management (IOFM)||Approved|
|Society of Trust and Estate Practitioners (STEP)||Approved|
|Certified Senior Advisor (CSA)||Approved|
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