As required under Rule 203 of the CPA Code of Professional Conduct, “A member shall sustain professional competence by keeping informed of, and complying with, developments in professional standards in all functions in which the member provides professional services or is relied upon because of the member’s calling”. The actual CPD model places the onus on each member to decide what their professional development needs are and how to address them through a variety of CPD activities. Members are asked to focus on the outcome of CPD activities, as opposed to the time spent on them. CPA New Brunswick’s Continuing Professional Development requirements as presented below are closely aligned with the nationally recommended requirements of CPA Canada and also meet the international educational standards (IES 7 and IES 8) of the International Federation of Accountants (IFAC). DEFINITIONS Continuing Professional Development (CPD) CPD is learning that develops and maintains professional competence to enable members to continue to perform their professional roles. Any learning and development that is relevant and appropriate to a member’s work and professional responsibilities and growth as a CPA will qualify for CPD. CPD includes Verifiable and Unverifiable learning activities. Verifiable CPD hours Verifiable CPD refers to learning activities that can be tangibly and objectively verified. Learning activities that result in evidence that the learning activity was undertaken are considered to be “Verifiable”. Unverifiable CPD hours Unverifiable CPD refers to learning activities that cannot be tangibly and objectively verified. “Unverifiable” learning activities do not result in evidence that the learning activity was undertaken. Additional Guidance Volunteer or pro‐bono work may only qualify as verifiable or unverifiable CPD to the extent it meets the above definitions. CATEGORY OF MEMBERS For the purposes of Continuing Professional Development (CPD) reporting, Members are categorized as either “Active” or “Inactive” members. Active Member An Active Member is a Member who is engaged in the workforce, self‐employed, providing professional services to clients or is seeking employment. Active Members are required to fully adhere to the CPD provisions herein. Inactive Member An Inactive Member shall be one who is unable to maintain an Active membership due to permanently or temporary personal circumstances. Circumstances leading to an Inactive membership categorization may include, recognized leave of absence from employment such as medical leave, maternity leave, and paternity leave. A Retired Member shall be a former Active Member who wishes to maintain the CPA designation but is no longer working. a) Permanently Inactive Member A Member who is considered permanently Inactive is one who has no expectation of returning to Active status. Examples of a Permanently Inactive Member include a Member who: Is Retired; or Is Infirm, in cases where a member is permanently withdrawn from employment and other professional activity due to a long‐term critical, terminal or chronic medical condition. A Retired Member shall be a former Active Member who wishes to maintain the CPA designation but is no longer working. It is reasonable to believe that another party may be relying on a Member’s skills, knowledge, experience, or competence where: A Member serves on a Board or similar governing body, or an audit, finance or similar governance committee of a public company, reporting issuer, or of a large or prominent organization based on the criteria established by CPA New Brunswick such as (but not limited to) large or prominent charities, foundations, associations, hospitals, health authorities, publicly funded educational institutions and social service agencies. b) Temporarily Inactive Member A Member who is considered temporarily Inactive is one who has a reasonable expectation of returning to Active status at some point in the future. Examples of a Temporarily Inactive Member include a Member who: Is on Maternity/Paternity leave; Is caring for a child or children; Is caring for a family member with a critical, terminal or chronic medical condition; Has a Personal medical illness or condition. All applications for exemption need to be evidenced by a medical certificate or other supporting documentation, for a continuous period not to exceed 5 years. Inactive Members are either temporarily or fully exempt from CPD requirements. See the CPD exemption Model in Appendix A to determine if a Member is an Active Member or an Inactive Member. COMPLETION REQUIREMENTS Every CPA Active Member shall complete a minimum of 120 hours of CPD every three year rolling period including a minimum of 20 hours annually. At least half of the minimum required hours must be represented by verifiable CPD hours (60 hours of CPD every rolling three‐year period and 10 hours of CPD hours annually). In addition to this, effective January 1st, 2017, Members, unless otherwise exempt, must complete a minimum of 4 hours of verifiable CPD in professional ethics in each three year rolling cycle. Please note that there are no requirements for years prior to that date. Furthermore, this three year rolling period is independent of current rolling period. For example, if a person became a member in 2015, the 3 year rolling cycle to complete the 120 hours of CPD is January 2015 to December 31, 2017. However, the rolling cycle to complete the 4 hours of Ethics will be January 1, 2017 to December 31, 2019. CPD hours may be carried over from one period to the next to cover the minimum requirement hours. New Members New members joining the provincial body through a Canadian certification program will be required to complete full CPD requirements in the year of admission to membership. However, they will be permitted to report learning activities that occurred within the reporting year, prior to registration as a member, including PEP modules. COMPLIANCE REPORTING REQUIREMENTS On or before March 31 of every year, every Active Member shall file his/her report online through mycpawebservices.ca at the time of payment of membership fees with a simple perfunctory annual declaration of compliance. Every Active Member shall retain documentation to support the verifiable learning activities that were reported on the Member’s detailed compliance report made either electronically or in paper form for at least 5 years from date of reporting. Verifiable CPD documentation should: Describe the learning activity; Identify the provider of the activity, where applicable; Connect the member to the activity; Identify when the activity took place; and Provide a basis for concluding that the number of reported hours is reasonable. Such documentation may include certificates of completion, transcripts, evidence of attendance at conferences and seminars, published work, presentations, reports or other such documentation or evidence of completion as may be available. On an annual basis, CPA New Brunswick will randomly audit a sample of member CPD filings and declarations. EXEMPTION FROM REQUIREMENTS An application for exemption from CPD requirements by Permanently or Temporarily Inactive Members must be completed in writing. Any application to become exempt from CPD shall be submitted to the Registrar for approval based on supporting documentation and the exemption by Temporarily Inactive Members must be renewed annually. CPD Exemption Model (Appendix A) CPD exemptions are established as separate and distinct from fee waivers. Please click HERE to download the Exemption Form. CPD Waiver Recognizing the senior standing, breadth of experience, and exposure to lifelong learning opportunities that seasoned CPAs may accrue over many years of devoted professional comportment, the Registrar of CPA New Brunswick shall in some instances consider applications for waiver of CPD requirements, insofar as a member making such application shall have not less than 30 years of Active membership in good standing with CPA New Brunswick and its predecessor legacy constituents. Members engaged in public practice and those deemed to hold positions exhibiting an unusual level of risk to the public interest shall be ineligible for waiver of CPD requirements as a result of their public nature. NON‐COMPLIANCE WITH CPD REQUIREMENTS In the event of non‐compliance, the following steps will be followed: A notice of non‐compliance will be sent advising the Member that should they remain noncompliant, they will be suspended. Furthermore, it would indicate the timing of suspension and the ramifications of such suspension. The deficiency may be reported by the Registrar to the Complaints Committee as a complaint (see By‐Law 23.02). The notice will also advise the Member of the deadline to become compliant. In the event that the person who received the notice of non‐compliance fails to provide the required compliance report within two months after the date of notice as mentioned in the section above, a suspension letter will be sent to the Member, which describes the ramifications of being suspended and what needs to be done to be reinstated. The Member shall be suspended from membership. The suspended Member may be returned to membership in good standing by filing the required compliance report accompanied by the required reinstatement fees (see By‐Law 23.04). Non‐compliance with the CPD requirements inclusive of tardiness in filing, will result in a noncompliance late fee of $100.00 being levied on the Member.