CONTINUING EDUCATION FOR CPA IRELAND

CPA Ireland is one of the main Irish accountancy bodies with 5,000 members and students. The CPA designation is the most commonly used designation worldwide for professional accountants and the Institute’s qualification enjoys wide international recognition. The Institute fulfills its statutory role as a recognized body by overseeing the professional activities of our members in practice and ensuring that education and training standards are maintained. As the first accountancy body to introduce a mandatory regime of Continuing Professional Development, the Institute ensures that all CPAs remain at the leading edge throughout their careers.

MY-CPE LLC offers continuing professional development courses for CPA Ireland Professionals. We are focused on providing quality continuing education to the CPA Irelands members that incorporate the qualified subject areas. Our CPD 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 professional development requirements.

CPA IRELAND CPD REQUIREMENT OVERVIEW

CPD Requirements
120 hours per 3 years, with a minimum of 30 per year.
License Renewal Period
31st March annually.
CPD Reporting Cycle
January 1 to December 31 every year.
Ethics Requirement
No minimum ethics requirement.
Carryover Credits
No, CPA Ireland Professional cannot carry over excess credit earned in a particular renewal cycle.

CLICK HERE for Further Reference on CPD Regulations of CPA Ireland.

All licensed CPAs in Ireland must complete a total of 120 hours of CPD over three years, of which at least 75 hours are Structured CPD and 45 hours are Unstructured CPD. The minimum requirement is 30 hours of CPD in any one year, of which at least 15 must be structured.

There is no minimum ethics requirement, however, a practicing member must complete 40 Structured CPD hours in six core competencies over a three-year CPD cycle out of which one is professional ethics.

Structured CPD: It includes all CPD that has learning as the primary objective and which is measurable and verifiable. For Structured CPD to be accredited it must be measurable and verifiable. There are two forms of Structured CPD:

  • Directed study
  • Self-directed study

Unstructured CPD: It can be defined as any form of informal learning or development of day-to-day working skills achieved through self-study and/or informal training. Unstructured CPD can be measurable but is not verifiable.

CLICK HERE for more details.

The CPA license renewal period ends on 31st March annually.

A CPD reporting cycle for CPA Ireland is from January 1 to December 31 annually.

CLICK HERE to access the CPA website for more details relating to CPD regulations.

Following are the qualifying subject areas:

  • Financial accounting
  • Management Accounting 
  • Financial Reporting
  • Corporate Law
  • Auditing and Assurance 
  • Performance management
  • Taxation
  • Professional ethics
  • Data Analytics for finance
  • Strategy and Leadership.

Yes, Members must complete 40 hours of the Structured CPD requirement from any combination of the following six areas over a three-year CPD cycle:

  • Financial Accounting
  • Auditing
  • Law & Regulation
  • Taxation
  • Professional Ethics
  • Practice Management

  • Institute Courses and Seminars (either physical or electronic).
  • Regional Society Courses and Seminars (either physical or electronic).
  • Relevant courses conducted by other recognized accountancy bodies (for example Law Society, Irish Taxation Institute, etc).
  • Private training companies whose only or main business is professional-level training.
  • Formally organized courses in-house which have been organized by a training department.
  • Courses run by a University, Technological University, Institute of Technology, or Business School.
  • Courses organized by the Irish Management Institute and similar bodies.

Note: No more than 20 CPD hours can be claimed for any one course in any one year.

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The Institute CPD Committee has determined that all "none-live" e-learning programs are subject to the 50% cap unless otherwise approved by the CPD Committee.

A member will be required to submit to the Institute, in a manner prescribed by Council, a signed report outlining their CPD activity for the previous year on or before 31 January. Members are responsible for retaining appropriate records and documents so that they may provide sufficient evidence, on request, to demonstrate their compliance. If deemed appropriate by Council, a member may be called to provide such evidence to the Institute.

All CPA Practicing and Auditing Certificates are renewed annually. You will need to make the relevant returns to ensure the renewal of these certificates. Investment business authorization must also be renewed. Institute members are required to make an Annual CPD Return by the 31st of January of each year, by Institute Bye-Laws. Courses completed with external bodies should be detailed on the online form and submitted as part of the CPD return for the preceding year.

Note:

  • All CPA Practicing and Auditing Certificates expire on the 31st of March each year.
  • The Returns you will need to make depend on your status.
  • The status of affiliated partners and Responsible Individuals also expires at this time.
  • Audit and non-audit firm registration also expire.
  • All Authorizations must be renewed online.
  • Annual Returns for 2021 must be completed by 28th February 2022.
  • An AML return is required for all CPA-regulated firms for 2022.

CLICK HERE for further details.

No, the short video learning method is not approved for the CPD requirement. Any activity taken must be at least 1 hour in duration.

No, CPA Ireland Professional cannot carry over excess credit earned in a particular renewal cycle.

Where a member fails to comply with any aspect of the CPD Regulations, the CPD Committee may refer the member to the CPD Compliance Committee. This Committee, in turn, has the authority to impose the following sanctions.

  • Depending on which year you qualified as a member of CPA Ireland, your CPD requirement is done on a pro-rata basis.
  • If you qualified at the end of 2018, your CPD requirement would have started in 2019 which was the last year of that cycle. That meant that you should have completed 1/3 of the overall cycle requirement. 
  • Members who qualified in December 2019 started their CPD requirement in January 2020, which means that they would be expected to complete the full requirement for the 2020 - 2022 CPD cycles. This means 60 structured and 60 unstructured hours for a member in Industry, and 75 structured and 45 unstructured hours for a member in Practice.

MyCPE provides courses that are approved for continuing education credits. Based on the guidelines issued by (board) Continuing Professional Development 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 CPD credits based on their occupation/ job profile, knowledge requirements as well as guidelines laid down by their regulatory board before registering for the webinars.

myCPE APPROVALS

Approved By
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
FP Canada CE17222
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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