Revisions to Regulation 7-2: Continuing Professional Development (CPD), for reporting years beginning January 1, 2022.

In 2021, CPA Ontario Council approved revisions to the Continuing Professional Development (CPD) Regulation 7-2 that will affect CPD requirements for new and retired members for reporting years beginning January 1, 2022. A reporting year is the calendar year immediately preceding the year that the annual compliance declaration is being made.

These changes reflect best practices and requirements of international standards, harmonize CPD requirements and operational practices across the provincial bodies in Canada, and support CPA Ontario’s public interest mandate.

Please also note that the competence areas and learning outcomes have been updated for public accounting licence (PAL) holders and members applying for a PAL, who must undertake CPD activities directly related to the competencies needed to engage in the practice of public accounting, as set out in International Education Standard 8, Professional Competence For Engagement Partners Responsible For Audits Of Financial Statements (Revised).