Page 5 - CITP Review

Use of materials

This course manual accompanies all formats in which the course is offered, including self-study
text, self-study online, group study, in-firm, and other formats, as applicable. Specific
instructions for users of the various formats are included in this section.

CPAs are required to participate in continuing professional education (CPE) to maintain their
professional competence and provide quality professional services. CPAs are responsible for
complying with all applicable CPE requirements, rules, and regulations of state licensing bodies,
other governmental entities, membership associations, and other professional organizations or
bodies.

Professional standards for CPE programs are issued jointly by the American Institute of Certified
Public Accountants (AICPA) and the National Association of State Boards of Accountancy
(NASBA) to provide a framework for the development, presentation, measurement, and
reporting of CPE programs. The Statement on Standards for CPE Programs (CPE standards)
is available as part of AICPA Professional Standards, either in paperback or as an online
subscription through the AICPA’s Online Professional Library.

Review questions and exercises for self-study participants
The CPE standards require that self-study programs include review questions/exercises that
provide feedback for both correct and incorrect responses. Note that these reviews are provided
only as learning aids and do not constitute a final examination.

Requirements for claiming and receiving CPE credit
CPE standards place responsibility on both the individual participant and the program sponsor to
maintain a record of attendance at a CPE program. CPAs who participate in only part of a CPE
program, should claim CPE credit only for the portion that they attended or completed.

You must document your claims of CPE credit. Examples of acceptable evidence of completion
include:

 For group and independent study programs, a certificate or other verification supplied by
the CPE program sponsor
 For self-study programs, a certificate supplied by the CPE program sponsor after
satisfactory completion of an examination

When you participate in group study and other live presentations, you will receive a completion
certificate from the program sponsor. CPE program sponsors are required to keep documentation
on programs for five years, including records of participation.

When you participate in self-study, you must complete the exam within one year of the date of
course purchase to receive a certificate indicating satisfactory completion of the CPE program.

 The exam for self-study in print format is located in the “Examination” section at the end
of the course manual.