July 2016

The public comment period for the re-issued Exposure Draft on the proposed revisions to the Statement on Standards for Continuing Professional Education (CPE) Programs (Standards) as well as the NASBA Fields of Study document, closed on April 30, 2016.

Published jointly by NASBA and the AICPA, the CPE Standards provide a foundation for the development, presentation, measurement and reporting of CPE programs. The CPE Standards reference the NASBA Fields of Study document and therefore, the Fields of Study document was reviewed and evaluated for currency and relevancy. Twenty-one (21) comment letters were received from a variety of sources. All submitted comment letters were reviewed and considered for additional revisions to the CPE Standards and the NASBA Fields of Study document.

Final approval on the proposed revisions will be requested by the NASBA and AICPA Boards at their respective July and August 2016 meetings. Pending that board approval, it is anticipated that the CPE Standards will be effective September 1, 2016, provided however that CPE sponsors have until December 31, 2016 to comply with the Standards for programs currently under development. The Standards must be implemented at the next CPE program review or revision date for all other programs. The anticipated effective date for the NASBA Fields of Study document is September 1, 2016, but sponsors have until December 31, 2017 to fully implement the revisions.

For more information, visit: www.nasbaregistry.org

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