Continuing Professional Education (CPE)
The International Education Standard (IES) 7, Continuing Professional Development (Revised) issued by the International Federation of Accountants (IFAC), and adopted by accounting professional bodies worldwide, require professional accountants to undertake and record relevant continuing professional development that develops and maintains professional competence necessary to perform their role within their professional environment.
In line with the prescribed standard and to ensure that the Institute continues to uphold professional and ethical standards to protect public interest and to promote the credibility of the accountancy profession, ISCA members will need to fulfil certain CPE requirements.
In today’s technology-driven era, disruptive forces continue to alter the way we work, and the nature and type of our work. Professional accountants need to stay ahead of the curve by learning and adapting to changes in processes, technology, professional standards, regulatory requirements, employer demands, and other areas.
CPE is important to keep you up to date with the latest trends impacting the industry, acquire new knowledge and skill sets in emerging areas, gain professional recognition in your field and achieve your professional aspiration.
CPE and lifelong learning are essential to protect public interest, support the performance of high quality services for clients, employers, and other stakeholders, and promote the credibility of the accountancy profession.
Make the most of ISCA's diverse resources to fulfil your CPE hours. We have a wide array of content via our webinars, e-learning modules, and classroom courses. You may also refer to our Course Catalogue here.
ISCAccountify, our subscription-based e-learning platform, offers 24/7 access to a wide array of topics and bite-size e-learning modules.
What are the CPE requirements applicable to you?
Please refer below for the CPE requirements applicable to each membership category:
- At least 30 CPE hours over a rolling three-year period, of which 15 hours must be verifiable.
- A minimum of 5 verifiable hours, including 2 verifiable hours of ethics, must be completed each year. Alternatively, you can also complete 6 verifiable hours of ethics over a rolling three-year period.
- At least 60 CPE hours over a rolling three-year period, of which 30 hours must be verifiable.
- A minimum of 10 verifiable hours, including 2 verifiable hours of ethics, must be completed each year. Alternatively, you can also complete 6 verifiable hours of ethics over a rolling three-year period.
Associates (Specialist) and members who hold a specialisation credential (e.g. ISCA Financial Forensic Professional Credential) have to complete a minimum of 8 verifiable hours relevant to their specialised areas each year and 2 verifiable hours of ethics annually, which counts towards fulfilling the CPE requirements of an Associate (ISCA).
- At least 120 CPE hours over a rolling three-year period, of which 60 hours must be verifiable.
- A minimum of 20 verifiable hours, including 2 verifiable hours of ethics, must be completed each year. Alternatively, you can also complete 6 verifiable hours of ethics over a rolling three-year period.
Members who hold a specialisation credential (e.g. ISCA Financial Forensic Professional Credential) have to complete a minimum of 8 verifiable hours relevant to their specialised areas each year, which can be counted towards fulfilling the CPE requirements of a CA (Singapore) or FCA (Singapore).
- Same CA (Singapore) or FCA (Singapore) as above
- Compliance with ACRA's CPE requirements in respect of the application or renewal of the certificate for registration as public accountants.
Members who hold a specialisation credential (e.g. ISCA Financial Forensic Professional Credential) have to complete a minimum of 8 verifiable hours relevant to their specialised areas each year, which can be counted towards fulfilling the CPE requirements of a CA (Singapore) or FCA (Singapore).
- On voluntary basis
Each rolling three-year period is the preceding three years from the year of renewal. For example, for your 2021 membership renewal, the CPE compliance declaration would cover the rolling three-year period from 2018 to 2020. For the purpose of audit, the CPE requirements commence from the next calendar year.
Year of renewal | CPE Year | ||||
2016 | 2017 | 2018 | 2019 | 2020 | |
2019 | CPE Year 1 | CPE Year 2 | CPE Year 3 | ||
2020 | CPE Year 1 | CPE Year 2 | CPE Year 3 | ||
2021 | CPE Year 1 | CPE Year 2 | CPE Year 3 |