The annual monitoring process includes reviewing members’ annual declaration on CPE compliance and auditing a sample of members for compliance with the CPE requirements. This exercise aims to create greater awareness of CPE requirements and identify ways to support you in your continuous learning and development.
CA (Singapore), including Fellows, are subject to the annual CPE audit unless specifically exempted.
For members who are public accountants, ACRA may carry out a separate audit on the CPE compliance.
Affiliates (ISCA) and Associates (ISCA) will be included in the annual audit exercise beginning 2018.
Members-in-retirement (MIR) are excluded from the audit although they are encouraged to participate voluntarily in the CPE programme for professional enrichment and self-improvement.
The audit in the year will cover the following period:
Year of Audit
Membership categories subject to audit
1 January 2017 to 31 December 2017
Affiliate (ISCA)/ AAT (Singapore)
A minimum 5 verifiable CPE hours, including 2 verifiable hours of ethics for CPE year 2017
1 January 2017 to 31 December 2017
A minimum 10 verifiable CPE hours, including 2 verifiable hours of ethics for CPE year 2017
1 January 2015 to 31 December 2017*
CA (Singapore) members including Fellows
120 CPE hours, of which 60 hours must be verifiable
A minimum 20 verifiable CPE hours, including 2 verifiable hours of ethics for each CPE year
*For newly admitted members who have not reached their first rolling 3-year period, please refer to CPE Requirements for the minimum CPE hours to be audited.
For members who are selected for audit:
You will be notified of the audit via email and post by April/May each year.
You will be required to login to the ISCA eServices Portal to submit your CPE records along with the evidence of participation for the verifiable CPE activities completed during the period. The evidences of participation can be in the form of certificate, attendance lists or lecturers’ letters of certification. Please refer to the detailed guide to submitting your CPE records online here.
The Institute will verify the verifiable CPE activities listed in your submission and assess whether the hours are accepted or denied.
After the audit is completed, a letter will be sent to inform you of the audit outcome.
There are 3 possible audit outcomes for each member:
Outcome 1 “Compliant” – CPE requirements have been met and no further action is required from member.
Outcome 2 “Insufficient Hours” – CPE hours was denied during the audit resulting in shortfall of CPE requirement or insufficient hours were submitted
Outcome 3 “Non-Compliant” – The CPE requirements have not been met on a number of grounds such as no response received from the member despite repeated communications; no CPE records submitted; concerns about false declaration.
For “Insufficient hours” or “Non-Compliant” cases, a written explanation must be provided as to the reason(s) for non-compliance including plans to remedy the shortfall. An extension of up to six-month may be granted for the member to comply. After the extension period, the portfolio will be audited again. If a portfolio is deemed to be ‘Non-compliant’ after the second audit, it may result in non-renewal of membership.
For cases where there are concerns about false declaration, a report might be lodged to the Council/Investigation Committee on the grounds of professional misconduct. This may result in non-renewal of membership.
Documentation for CPE Hours
Only members who have been selected for the annual CPE audit need to submit the evidence of participation for their verifiable CPE activities. Nonetheless, you are encouraged to update your CPE activities in the ISCA eServices Portal and monitor your CPE compliance under tab "CPE Compliance".
At all other times, members are required to maintain their CPE records and evidence of participation for a minimum period of 5 years. You will be asked to produce the records and evidence of participation if you are selected for the CPE audit.