AICPA Soliciting Your Response on Revised CPE Standards

The AICPA has published a revised exposure draft setting out standards for continuing professional education. Highlights of the draft include the following:

• CPAs are required to participating in activities that maintain and/or increase their professional competence
  
• CPAs may earn CPE credit for certain areas of learning that qualify as independent study, if performed under the direction of qualified sponsor
  
• Certain Internet-based programs will qualify for group study or self study CPE credits
  
• A half credit will be allowed in an activity where a full credit has already been earned

You can also read "CPE Update - Changing With the Profession" [1] that was recently provided by the New York Society of CPAs.

Members of the CPA community are encouraged to read the exposure draft [2] and offer their comments. Comments will be accepted through August 1, 2001. Comments should be directed to:

John F. Morrow, CPA
American Institute of CPAs
1211 Avenue of the Americas
New York, NY 10036-8775

E-mail: jmorrow@aicpa.org [3]
Fax: 212-596-6025