CEP requirements for CMA members in practice and industry

NOTIFICATION

 Kolkata, the 12^th February, 2015

Sub: CEP requirements for Members in
Practice/Industry

No.
CMA(2)/2015: As advised by the Quality Review Board,
recommended by the Members’ Facilities & Services Committee and
approved by the Council at its 291^st Meeting
held on 30^th January, 2015, the Institute is pleased to
announce revised CEP requirements for members in practice & industry as
follows:

For
members in practice, the existing duration of minimum CEP hours of 35 hours is
revised to 50 hours in a block of three years, which is mandatory and for
members in industry, the minimum CEP hours, which is recommendatory, is revised
from 20 hours to 25 hours in a block of three years.

The above CEP hours
requirement shall come into force from 1^st April, 2015.

At least
50% of the CEP hours of the members should be in respect of the subjects
pertaining to the topics of professional relevance for the member such as:

(i)  
Role
of CMAs in Risk Management

(ii)  
Forensic
Accounting

(iii)  
Direct
Tax Code

(iv)  
Central
Excise Valuation (Determination of Price of Excisable Goods) Rules, 2001

(v)  
VAT

(vi)  
Role
of CMAs Audit in Health sector

(vii)    
Role
of CMAs  in Education sector

(viii)  
Role
of CMAs in Internal Audit

(ix)  
Role
of CMAs in Banking sector

(x)  
Role
of CMAs in Insurance sector

(xi)  
Role of CMAs in Capital Markets

 (xii)  
Role
of Independent Directors, Board members

(xiii)  
Valuation
of assets – Role of CMAs

 The above list is illustrative only and not an
exhaustive one.

(Kaushik Banerjee)

 Secretary (Acting)