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According to discussions with several issuers of professional designations, the FSA Credential often qualifies as a source of continuing education (CE), continuing professional development (CPD) or continuing professional education (CPE) credit. Contact your designated authority to determine whether the FSA Credential is accepted as CE credit. Details for certified public accountants (CPAs) and chartered financial analysts (CFAs) are provided. If you represent another professional designation program and would like to provide the FSA Credential for CE credit to your members, please contact [email protected]. CPAs licensed in a US jurisdiction that accepts courses from the National Registry of CPE Sponsors are eligible to receive up to 27.5 CPE1 credit hours for completing the FSA Credential—15 CPE credit hours for passing Level I and 12.5 CPE credit hours for passing Level II. When creating an account with Pearson VUE, CPAs should tick the box in the ‘additional information’ section to confirm they would like to earn CPE and to receive a certificate verifying their achievement. Please note: the National Association of State Boards of Accountancy (NASBA) requires a minimum score of 70% to earn CPE credit for all approved self-study courses. The pass/fail score for the FSA exams is determined using a rigorous, validated methodology that is considered best practice in the credentialling industry, but that does not always produce results that are precisely aligned with NASBA’s minimum score threshold. Currently, the score required to pass the FSA Level II exam is slightly below 70%. For this reason, it is possible that Level II Candidates might pass their exam without qualifying for CPE credit. Refer to the Candidate Handbook for additional information. CPAs who are AICPA & CIMA members are eligible to receive US$50 off Level I exam registration and US$150 off Level II exam registration. (Enter discount voucher code at checkout. The discount voucher code is available through the AICPA or CIMA member portal.) CFA Charterholders are not required to engage in CE, but the FSA Credential is eligible for CE based on the time a candidate spends preparing for each exam. 1 The IFRS Foundation is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org/ |
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