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CONTINUING PROFESSIONAL EDUCATION (CPE) REQUIREMENTS AND RULES
CACMs and candidates who have completed the CACM examination but have not yet met the experience requirement, are required to maintain their proficiency in the fields of fraud and corruption prevention, deterrence, and detection, internal control, and due diligence. This includes knowledge of new concepts and techniques as well as their application in management and governance. The objective is to maintain the professional competence of the individual and to enhance one's ability to perform job-related requirements. Persons who have retired need not meet continuing professional education requirements. The continuing professional education requirement is 30 hours per year.
A broad range of subjects may be included in the programs for which hours of credit will be given. The subjects should be related to the listed topics in the CACM syllabus and/or to an individual's job responsibilities. Examples of the subjects that may qualify are: all aspects of internal control, due diligence, fraud prevention, fraud detection, corporate governance, auditing, fraud auditing, strategic management, business management, financial management, business applications of mathematics and statistics, computer science, economics, forensic accounting, production, marketing, business law, and organizational behavior.
All CACMs are required to complete a minimum of 3 hours of continuing professional education on the subject of ethics as part of their 30-hour annual CPE requirement. If more than 3 hours of Ethics are earned in a given year, up to 3 hours can be carried forward to the following year.
The focus of the ethics education should be principally in the area of good governance, management accounting and financial management. Topics should include ethical considerations in the area of decision support, planning, and control for management as well as accounting and finance professionals working inside organizations. The AACI encourages members to use education sources that address specific scenarios such as fraud in financial reporting, manipulation of budgets for personal gain, and disclosure of confidential financial information. Also acceptable is coverage of ethics within the general business environment and earnings management. The responsibility for determining that a program qualifies is given to those who must meet this requirement. However, in case of doubt, the Institute will rule in advance on whether a specific program or activity will qualify for hours of credit. (When requesting such a ruling, a copy of the program or other data describing the activity must be submitted.)
Credit for hours of study will be given for programs sponsored by the AACI, businesses, educational institutions, other professional accounting organizations, and trade associations. Programs may be regular college courses, seminars, workshops or technical meetings under the direction of speakers, instructors, or discussion leaders. The method of instruction may include lecture, discussion, case studies, and teaching aids such as training films, video tapes, audio recordings, and computers. Credit also is granted for home study courses, speeches, publication of technical articles, and by examination. A program must be well organized and directed to qualify.
For information about specific continuing professional education opportunities offered by the AACI or its approved vendors, visit the Training and Events section of the AACI website: THEAACI.com and those available at THEAACI.net
Continuing Professional Education and Dues Policy for CACM Exam Completers
If you have completed the CACM exam but have not yet been awarded the certificate, you are required to meet the continuing professional education requirement and maintain membership in the AACI. Certificates will be awarded when the experience requirement is satisfied. At that time continuing professional education and the AACI membership must be current.
Specific Rules for Earning Continuing Professional Education (CPE) Credit
Continuing Professional Education (CPE) Requirement Guidelines
Programs conducted by the employer of the individual must provide for an instructor or course leader. There must be formal instructional and training material. On-the-job training does not qualify.
Each 50 minutes of session time equals one CPE hour.
Continuing Professional Education Delinquency Policy
In the event that the required hours of CPE are not completed, the CACM becomes delinquent and inactive. An inactive CACM is not considered a CACM until the delinquency is removed, and cannot use the CACM designation.
To return to good standing, at least 60 cumulative hours of acceptable continuing professional education must be reported by the end of the next calendar year (30 hours for the current year plus any shortfall from the previous year). If a certified member is short in a given year, the difference may be made up in the following year, i.e., if 10 hours are completed in a given year, 50 must be done the next year. This is a two-year opportunity and cannot be carried into a third year.
If the shortfall is not made up in the next calendar year, a return to active status will require 60 hours of continuing education to be completed in one calendar year in order to return to active status.
Dues Delinquency Policy
A CACM also becomes inactive for nonpayment of the AACI dues. To return to good standing, the CACM must pay the current dues. Until the delinquency is removed, the CACM will not be in good standing, and, therefore, will not be considered a CACM.
A CACM who is over 60 years of age and retired from the profession of management and / or those charged with governance is exempt from the CPE requirements. If you are eligible for retired status, please contact the AACI so that we can change your record.
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