Continuing Professional Education (CPE)

What is Continuing Professional Education (CPE)?

Continuing Professional Education (CPE) is a requirement for Certified Public Accountants (CPAs), one that is designed to help maintain their competency and skill sets as providers of professional services. As part of ongoing requirements to maintain the CPA designation, CPAs must meet all the regulations set out by the state they are registered in.

CPAs must complete at least 120 hours of CPE for each three-year reporting period, according to the American Institute of CPAs (AICPA).


CPE theme


Why is CPE Important?

As trusted advisors, Certified Public Accountants advise their clients on a wide range of important accountancy issues that have a material impact on businesses and their stakeholders. The field of accounting is built on a vast knowledge base that is continuously expanding, changing, and becoming more complex. In order to ensure that CPAs provide the quality of advice and service that their clients depend on, CPE is vital.

As global business advances and the impacts of technology and regulation move at faster paces, the need to stay relevant via CPE only becomes increasingly important.


CPE Governance – NASBA and AICPA

It’s important to understand who the various CPA bodies are and what their relationships are to professional accountants.

CPA designations in the United States are not issued nationally, but rather at the state level. Therefore, Certified Public Accountants need to comply with the standards and requirements set out by the state in which they are registered.

NASBA serves the interests of state-level boards, while AICPA serves the interest of individual CPAs.



The National Association of State Boards of Accountancy (NASBA) is a body that serves each of the 50+ state-level boards of CPAs. Its mission is to improve the effectiveness of state accounting boards and advance the common interests of their members.

NASBA serves the following functions:

  • Encourages states to have reciprocal recognition of the CPA designation (each state recognizes each other’s designation as being valid)
  • Provides a platform for state CPA organizations to discuss important issues
  • Provides a unified voice in U.S. government agencies

The NASBA maintains the official registry of CPE sponsors which most states use as a list of approved providers of continuing professional education.



The American Institute of Certified Public Accountants (AICPA), which lists more than 400,000 members, was established in 1887. It represents individual CPAs and membership is optional.

The main objectives of the AICPA are to:

  • Establish ethical standards for the profession
  • Develop auditing standards for companies, organizations, and governments
  • Create and grade the Uniform CPA Exam
  • Create specialized credentials in financial planning, forensic accounting, business valuation, and information management


General CPE Requirements

For AICPA members, the reporting period runs from January 1 on the first full calendar year after joining. CPAs must complete at least 120 hours of CPE for each three-year reporting period, according to the AICPA.

Check with the NASBA website for specific state requirements.


The number of CPE credits earned by approved programs are as follows:

50 minutes = 1 CPE credit


CPE Guide


If members take programs that do not indicate the number of hours, they can calculate it as the number of minutes spent completing the program divided by 50. The figure should be rounded down to the closest whole hour.


Qualifying CPE Programs

Members must earn their CPE credits from Qualifying Programs that are developed by experienced professionals, contribute to members’ competence, and are formally offered. In-house training programs, university classes, conferences, trade shows, or e-learning providers are all examples of types of qualifying programs.

View the list of approved CPE providers here.


CPE Compliance

CPA members need to follow all established CPE requirements set out by their respective state licensing body, as well as those set by other governmental entities, membership associations, and other professional bodies.

It cannot be overstressed that members should contact all the necessary entities to which they report and personally confirm the specific requirements for them.

Occasionally, members may enroll in and complete educational programs from providers that are not approved by the NASBA or the AICPA. In some cases, a certain number of such hours may be eligible for CPE credits. In order to determine if non-approved programs can still provide a member with credits, individuals should retain all relevant information from the program and speak to their state-level board to apply for eligibility.


Record Documentation and CPE Evidence

It is the responsibility of CPA members to maintain accurate and proper reporting of the number of CPE credits they’ve earned. This includes document retention and evidence of participation and completion of learning objectives.

The official measurement unit is CPE credits, which are equal to 50 minutes of program time.  While measuring and reporting credits is important, the AICPA reminds members that the primary focus should always be education and skills development, not simply accumulating credits.

Document retention is important in the event that CPA members are required to prove their continuing education to regulators or other organizations that may ask for proof.

The AICPA recommends that the best practice is to keep records for at least five years after the educational development program is completed.

Examples of permissible evidence include:

  • A certificate of completion issued by an approved CPE program sponsor
  • A certificate indicating all qualified assessments were successfully completed in a self-study program
  • A record or transcript of the grade issued by a university
  • More acceptable examples can be found at the NASBA website


Reporting CPE Credits

In addition to document retention and evidence, CPAs must also practice proper reporting practices.

CPAs must never claim more than the CPE credits recommended by CPE program sponsor, even if the member believes the program should have provided more credits. If this situation arises, it’s recommended to discuss the issue with the NASBA directly.

CPAs enjoy a wide range of freedom to participate in their preferred sponsored programs, but they should only claim credit for activities that genuinely improve their professional competency.

Furthermore, if members complete only part of a program, then they can only claim credit for the portion they actually completed or attended.


CFI’s CPE Program – Get 115.5 CPE Credits!

CFI has designed a program providing 115.5 hours of CPE credits that focus mostly on Excel skills, financial analysis, financial modeling, valuation, and business strategy.

Browse all courses and credits offered by CFI:


Course NameCPE CreditsLevel
Accounting Fundamentals-Basic
Reading Financial Statements-Basic
Excel Crash Course for Corporate Finance3.0Basic
Fixed Income Fundamentals1.5Basic
Introduction to Corporate Finance2.5Basic
Math for Corporate Finance2.5Basic
Financial Analysis Fundamentals4.5Basic
Building a 3 Statement Financial Model3.5Intermediate
Business Valuation Modeling4.5Intermediate
Budgeting and Forecasting4.5Intermediate
FP&A Monthly Cash Flow Forecast Model2.0Intermediate
Sensitivity Analysis for Financial Modeling1.5Intermediate
Dashboards and Data Visualization3.5Intermediate
PowerPoint & Pitchbook Presentations4.5Intermediate
Advanced Financial Modeling & Valuation6.5Advanced
Advanced Excel Formulas3.5Advanced
Real Estate Financial Modeling3.0Advanced
Startup / e-Commerce Financial Model4.0Advanced
Mining Financial Model & Valuation2.5Advanced
Mergers & Acquisitions - Advanced Financial Modeling4.0Advanced
Leveraged Buyout LBO Model5.0Advanced
Corporate & Business Strategy4.5Advanced
Renewable Energy - Solar Financial Modeling3.0Advanced
Excel Modeling Fundamentals2.0Basic
Behavioral Finance Fundamentals2.0Intermediate
Financial Modeling with VBA3.0Advanced
Machine Learning for Finance - Python Fundamentals3.0Intermediate
Applied Machine Learning Algorithms5.5Advanced
Fundamentals of Credit1.5Basic
Forms of Business Structure1.0Basic
5 Cs of Credit1.5Basic
Reading Business Financial Information3.0Basic
Evaluating a Business Plan2.0Intermediate
Assessing Drivers of Business Growth1.5Intermediate
Assessing Management2.0Intermediate
Cash Flow Cycles and Analysis1.5Intermediate
Loan Security1.5Intermediate
Loan Covenants2.0Intermediate
Credit Administration and Documentation1.0Intermediate
Account Monitoring and Warning Signs1.5Intermediate
Business Writing Fundamentals1.5Intermediate
Completing a Credit Application2.0Intermediate
Introduction to Derivatives2.5Basic
Accounting Principles and Standards2.0Intermediate
Business Valuation Modeling Part II3.5Intermediate
Professional Ethics2.0Basic
Introduction to Banking2.0Basic
Commercial Banking - Debt Modeling3.0Advanced
Banking Products and Services3.5Basic
Real Estate Fundamentals2.0Basic
How to Read a Commercial Real Estate Appraisal1.5Intermediate
Loan Pricing2.5Advanced
Environmental Due Diligence for Credit2.5Advanced
Construction Finance Fundamentals2.0Basic
Syndicated Lending2.0Advanced
Equipment Finance1.5Advanced
Structuring a Construction Loan1.5Advanced
Math Fundamentals for Capital Markets1.0Basic
Economics for Capital Markets3.0Basic
Bloomberg Essentials1.0Basic
Introduction to Equity Markets4.0Intermediate
Introduction to Foreign Exchange3.5Intermediate
Introduction to Commodities2.5Intermediate
Trading Using Technical Analysis3.5Advanced
Intermediate Options - Trading Strategies4.0Advanced
Intermediate Swaps5.5Advanced
Intermediate Futures & Forwards3.0Advanced
Intermediate Fixed Income5.0Advanced
Convertible Bonds2.5Advanced
High-Yield Bonds, Subordinated Debt, and Loans3.5Advanced
Short Duration Products3.5Advanced
Behavioral Finance3.0Intermediate
Introduction to Hedge Funds2.5Intermediate
Excel VBA for Finance4.0Intermediate
Power BI Fundamentals6.5Intermediate
Power Query Fundamentals3.5Intermediate
Power Pivot Fundamentals4.0Intermediate
Data Science Fundamentals1.5Intermediate
Tableau Fundamentals5.0Intermediate
Total CPE Credits222.5


CFI is a CPE sponsor approved by the NASBA. To learn more, view CFI’s company profile page on NASBA here.


Additional information

Thank you for reading the CFI guide to Continuing Professional Education credits for CPA members.

This guide was developed based on information from the AICPA and NASBA websites. Please always refer back to those sites as your official source of information.

CFI is the official global provider of the Financial Modeling & Valuation Analyst (FMVA)TM, designed to transform anyone into a world-class financial analyst.  To continue advancing your career, these additional resources will be helpful:

  • Analysis of Financial Statements
  • Financial Modeling Guide
  • Valuation Methods
  • CFI’s Online Courses

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