The International Standards for the Practice of Internal Auditing (Standards) require internal auditors to enhance their knowledge, skills, and other competencies through continuing professional development. This requirement helps ensure that internal auditors remain competent in the growing and dynamic profession of internal auditing. In addition to that, those who have obtained a professional certification/qualification through The IIA (henceforth referred to as “certified individuals”) are required to obtain continuing professional development.
MY-CPE LLC offers Continuing Education courses for Certified Financial Services Auditors (CFSA). MY-CPE LLC has effectively met the standards set up by The Institute of Internal Auditors (IIA) so all myCPE courses are eligible for IIA Credits. We are focused on providing quality continuing education to Certified Financial Services Auditors (CFSA) that incorporates the qualified subject areas. Our CPE 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 FINANCIAL SERVICES AUDITORS (CFSA) CPE REQUIREMENT OVERVIEW
|CPE Requirements||20 hours for practicing CFSAs and 10 hours for Non-practicing CFSA.|
|License Renewal Period||Renew your license by December 31st each year|
|CPE Reporting Cycle||The reporting period is from January 1st to December 31st each year.|
|Ethics Requirement||2 hours on the subject focusing on Ethics|
The number of annual CPE hours required varies depending on the certification/qualification held and whether the certified individual is practicing or nonpracticing. Practicing CFSAs are required to complete 20 hours of CPE hours during their re-certification cycle while Non-practicing CFSAs are required to complete 10 CPE hours during their recertification cycle.
For individuals who hold multiple certifications/qualifications, the CPE hours earned for the CCSA, CGAP, CFSA, CRMA, and QIAL may be applied toward their required CPE hours for the CIA. In other words, if a practicing individual holds both the CIA and CRMA, and completes 40 hours of training related to internal auditing and risk management assurance, those hours can be used to satisfy the CPE requirements for both the CIA and CRMA. Many of our programs in Live and Self-Study are approved for continuing education for Certified Financial Service Auditor (CFSA) Professionals.
CFSAs are required to complete 2 hours of training on Ethics annually. The IIA does not prescribe where an individual must obtain this training.
Renewal of Certified Financial Services Auditors (CFSA) is on or before December 31st every year.