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CONTINUING EDUCATION FOR CHARTERED PROFESSIONAL ACCOUNTANT MANITOBA (CPA-MB)

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, territories – is to develop and maintain consistent, uniform standards for the profession's qualification process. These standards ensure the portability of the CPA designation across Canada and internationally through various mutual recognition agreements.

CPA MANITOBA 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 January 31 annually
CPD Reporting Cycle
CPD reporting is based on the calendar year. CPD reporting for CPA Manitoba is from January 1 to December 31 each year.
Ethics Requirement
4 verifiable hours in the area of professional ethics
Subject Area Requirement
Practicing CPAs responsible for audits of financial statements are required to fulfil professional competence requirement as stated in IES 8.

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 Manitoba.

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 in CPA Manitoba CPD Regulations which may include but are not limited to:

  • CPA Manitoba 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