New CPE Standards Exposed for Comment.

• Position: Continuing Professional Education - American Institute of Certified Public Accountants - National Association of State Boards of Accountancy - Brief Article

An exposure draft proposing revisions to the Joint AICPA/NASBA Statement on Standards Jot Continuing Professional Education currently in effect was issued a year ago by the Joint AICPA/NASBA Committee on CPE Standards. Responses from regulators, state societies, CPAs, CPE providers and others interested in CPE have resulted in significant modifications to that exposure draft. As a result, the Joint Committee and the boards of directors of the AICPA and the National Association of State Boards of Accountancy produced a revised exposure draft for member comments.

Following are some of the highlights of this version:

* CPAs are required to participate in learning activities that maintain and/or increase their professional competence (defined as knowledge, skills and abilities).

* CPAs may earn CPE credit for "independent study," defined as learning activities designed by...