Continuing Professional Development (CPD)
Policy
The Society of Professional Accountants of Canada has implemented the policy of Continued Professional Development for its members and will be in effect starting January 01, 2020. The objective is to maintain professional competence and to enhance RPA’s ability to perform job-related requirements.
The SPAC’s Handbook of Code of Ethics is an excellent framework for determining the ethics topics that are acceptable. The focus of ethics topics should include ethical considerations in the area of decision support, planning & control for accounting. The SPAC encourages members to use education sources that address specific scenarios such as manipulation of corporate resources for personal benefits, frauds in financial reporting and disclosure of confidential financial information. Credits for hours of study will be given for programs sponsored by the SPAC, its affiliates, businesses, employers, recognized third party content providers, educational institutions and other accounting organizations. Credits will also be given for home study courses, speeches, publication of technical articles and by examination.
Reporting period
CPD reporting period for all RPAs is Calendar Year (January 01 – December 31). If the required CPD hours are not completed, the RPA becomes delinquent and inactive. His membership may also be suspended.
The first reporting period for new RPAs
The reporting period for a new RPA will begin on January 01 following the date of earning RPA designation. No CPD is required between the period of successful completion and the following January 01. Any CPD credits earned during this period can be counted as 50% as being earned in the first reporting period.
CPD credits carry forward
CPD hours cannot be carried forward from one year to the next year. CPD hours are reported and counted for on a calendar year basis
Subject Area
The Society of Professional Accountants of Canada will recognize and accept CPD related to the following fields of study:
CPD Credits measurement guidelines
Activity | Credit hours | Acceptable Document |
College or University courses (10 weeks or longer) | 10 hours | Course assignments and exam results |
Short courses other than RPA | 1 hour for each 90 minutes session | Course assignments or exam results |
Non-credit courses | 1 hour for each 90 minutes session | Certificate of completion |
Professional and Trade Association meetings | 1 hour for each 90 minutes session | Confirmation of participation |
Seminars | 1 hour for each 90 minutes session | Confirmation of participation |
Professional designation Examination | 10 hours for successful completion | Proof of Completion |
Third-party contents | As approved by the SPAC | |
Participation on a board or Committee | 1 hour for each Meeting | Meeting agenda and letter from the organization confirming your role. |
Periodicals | As approved by the SPAC | Proof of completion |
Related Computer software packages training | 50% Hours recommended by the software company | Proof of completion |
Technical articles or research papers containing accounting and financial management material |
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Book Published (Related to the profession) |
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Teaching in college/university |
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Volunteering related to the profession | Maximum 4 Hours Annually | CPD Committee will determine considering the nature of the activity. |
Networking | None | N/A |
Self study material that does not involve exam | None | N/A |
On the job training | None | N/A |
Any other reading that does not involve exam | None | N/A |
Retired Status
Any SPAC member who is over 65 years of age and is retired from the profession of accounting / financial management is exempt from the CPD requirements.
CPD Waiver
Exemptions are available for members in special circumstances, such as:
Exemptions are considered by the CPD committee on a case-by-case basis. The request should be sent to the CPD Committee accompanied by appropriate documentation. Being too busy at work, changing jobs or temporary unemployment are not considered special circumstances and will not be entertained.
Resources
The Society will provide the following free and paid resources of CPDs:
Third-Party Accredited Courses
Society will charge a very nominal fee to third-party content providers for CPD approval valid for 3 years. All requests received will be forward to the CPD Committee Chair to evaluate the course contents.
Other considerations
Please note that the only courses with 100% recognition on CPD HOURS are the ones that are approved by RPA are the one hosted in WWW.RPALEARNING.CA