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CONTINUING EDUCATION FOR CHARTERED PROFESSIONAL ACCOUNTANT ALBERTA (CPA-AB)

Chartered Professional Accountant (CPA) is a designation given by the Chartered Professional Accountants of Canada (CPA Canada) to individuals that pass the Uniform CPA Examination and meet the education and experience requirements. The CPA designation helps enforce professional standards in the accounting industry. CPA (Chartered Professional Accountant) is the highest accounting credential in Canada. CPA ensures global recognition for accounting & finance professionals.

CPAs are admitted to the profession through their Provincial Institutes. These bodies are responsible for establishing and administering the qualification process, admission criteria, and performance standards within their jurisdictions. The CPA Canada’s role – in concert with all provinces, and territories – is to develop and maintain consistent, uniform standards for the profession's qualification process. These standards ensure the portability of the CPA’s designation across Canada and internationally through various mutual recognition agreements.

CPA ALBERTA CPD REQUIREMENT OVERVIEW

CPD Requirements
120 hours over a three-year rolling cycle (current year and prior two years), of which 60 hours must be verifiable. Each member must complete a minimum of 20 hours of CPD annually of which 10 hours must be verifiable.
License Renewal Period
Renew your license by March 1st annually
CPD Reporting Cycle
CPD reporting is based on the calendar year. CPD reporting for Alberta CPA is from January 1 to December 31 each year.
Ethics Requirement
4 verifiable hours in the area of professional ethics

All members are required to make a CPD Declaration annually, regardless of any previously declared exemptions or change of employment status. Each member must complete 120 hours over a three-year rolling cycle (current year and prior two years), of which 60 hours must be verifiable. Each member must complete a minimum of 20 hours of CPD annually of which 10 hours must be verifiable. Many of our programs in Live and Self-Study are eligible for continuing education for CPA Alberta.

Here is a link to Canadian CPA packages which will provide you with professional development in various fields like financial reporting, Domestic & International taxation, Fraud & Risk Management, Information Technology, Leadership skills and development, and business in one go.

Each member is required to complete 4 verifiable hours in the area of professional ethics. Various examples of Professional Ethics topics are given on the CPA Alberta website which may include but are not limited to: 

  • CPA Alberta regulatory updates covering the Act, Bylaws, Regulations, and Code of Professional Conduct;
  • Corporate codes of conduct;
  • Regulatory updates that are relevant to your role;
  • Integrity and Ethical decision making;
  • Independence/conflict of interest;
  • Ethics and the culture/environment of an organization;
  • Ethical dilemmas;
  • Fraud prevention;
  • Ethics in technology

CPA Alberta needs to renew their license by March 1st annually.

CPD reporting is based on the calendar year. CPD reporting for CPA Alberta is from January 1 to December 31 each year.

Click here to access FAQs on CPD requirements and Regulations for CPA Alberta.

Competencies include technical and enabling and are not limited to financial activities.

Technical competencies:

  • Financial Reporting 
  • Management Accounting 
  • Strategy and Governance 
  • Taxation 
  • Finance 
  • Audit and Assurance

Enabling Competencies:

  • Professional and ethical behavior 
  • Problem-Solving and Decision-Making 
  • Communication 
  • Self-Management 
  • Teamwork and leadership

Click here for further reference on the CPA Alberta website.

If you do not comply with CPD requirements, then

  • Enter a declaration of non-comply;
  • Give a detailed explanation of why you are non-comply; and
  • Provide a plan on how you will bring your CPD back into compliance.

For more details, CLICK HERE.

  • Failure to report CPD will result in financial penalties and the subsequent suspension and cancellation of your membership.
  • Those members who fail to report CPD by March 1 of each year will be issued a penalty of $150.
  • Failure to report and pay the penalty within 30 days will result in the member being suspended.
  • Failure to report CPD and pay penalties within 60 days of suspension will result in the membership being canceled and ineligibility for continuing registration.

Verifiable CPD

  • Verifiable CPD is a learning activity that results in evidence that learning took place and the learning can be verified objectively by someone else. Verifiable activities are much more than just a course, conferences, and seminars where you get a certificate or someone takes attendance which can validate you were there.

Unverifiable CPD

  • Unverifiable CPD are those learning activities that do not result in a product or for which no evidence of the learning exists.

Click here for more details.

myCPE provides a package for Canadian CPAs which will satisfy various professional development requirements for CPA professionals which include on-demand webinars on financial reporting, Domestic & International taxation, Fraud & Risk Management, Information Technology, Leadership skills, and development and business. This CPD package comes in a variety of CPD bundles such as 10 CPD, 20 CPD, and 40 CPD for different subject areas like Taxation, Financial Reporting, Tech-Focused, Excel, etc.

CPA Alberta members must keep a 5-year record of their CPD activities as well as supporting documentation that provides third-party verification of the CPD learning activities. The Registrar can request to review your CPD log/record and supporting documentation at any time. It is your responsibility to ensure that you have a copy of your CPD log and sufficient supporting documentation in order for your learning activities to qualify as verifiable learning.

Your CPD log must provide:

  • The date of the activity;
  • The type of activity;
  • The name of the activity; 
  • The name of the CPD provider;  
  • The number of verifiable or unverifiable hours spent engaged in new learning activities.

Every member must make a CPD declaration each year, not everyone must participate in CPD learning activities. The requirement to continue to take CPD activities, even when retired, is solely dependent upon what you are doing during your retirement years. For more information on how to report your CPD if you are retired, please CLICK HERE.

CPA Alberta is required to pay full fees ($ 706) if:

  • you reside in the province of Alberta; OR
  • you are not eligible for affiliate fees status

CPA Alberta is required to pay affiliate fees ($ 232) if:

  • you reside outside of Alberta and you are a member of another provincial CPA body; OR
  • you reside outside of Canada and you are a member of a recognized International Federation of Accountants (IFAC) accounting body and are paying full membership fees to that association.

You can access Fees Schedule from here.

CPD providers are not required to be approved by any organization in order to offer CPD hours to Canadian CPAs as long as the activity offered by them allows CPAs to develop and maintain professional competency to enable them to perform their professional role, it will qualify for CPD. Therefore, the courses listed on myCPE Canada page are eligible for fulfilling Canadian CPAs CPD requirements.

CPA Alberta does not pre-determine how much CPD is gained at an activity, nor does the organization pre-determine what qualifies as CPD for each individual CPA. CPA Alberta follows the International Federation of Accountants (IFAC) criteria for CPD and is working towards harmonizing exemption and qualifying activities for verifiable and non-verifiable CPD with provincial CPA organizations across Canada.

For further guidance, we have provided details for “QUALIFIES FOR” on each page of the courses about Approval/Qualifications of CPD Credits for your reference. Webinars that qualify for Canadian CPA meets the standards for CPA Alberta (Chartered Professional Accountants Alberta). Here is the link to the CPA Alberta website.

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

Upcoming CPA-AB Webinars