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 Important CPE Information for CIAs and CPAs

​​To: Twin Cities Chapter Institute of Internal Auditors Members

Important CPE Information for CIA’s & CPA’s Your Responsibilities for Your CPE’s TC IIA Training Program Training Records.

As a CIA you are responsible for maintaining continuing professional education (CPE) records and documentation as outlined in the CPE requirements published by the IIA at http://www.theiia.org/certification/report-continuing-education-cpe/. That said, as an IIA member you are entitled to and may seek to obtain and keep a statement signed by the instructor or sponsor of any continuing professional education (CPE) program that you attended. This is important to note since the TC IIA does not always distribute “certificates of completion” for less formalized training programs and or roundtables. The chapter does not retain copies of any certificates for its files, except for Attendance Logs since 1/1/2006. Individuals who are CPAs and wish to use TC IIA training for CPA CPE have additional requirement criteria discussed below. What are the CPE Requirements? And What Qualifies for CPE Credit? A CIA performing internal auditing functions must complete a total of 80 hours of acceptable CPE every two years.
 
For various types of CIAs, CCSAs, CGAPs, and CFSAs the IIA Board of Regents requires CPE. This is facilitated through a self-certification process with completion of required CPE hours biennially. For details on your specific situation go to the link above. For members who are also CPAs, the Minnesota State Board of Accountancy (MSBA) requires that you report (on its CPE Reporting Form) the National Association of State Boards of Accountancy (NASBA) registry number associated with the sponsor/provider of your qualifying CPE. Although the Institute of Internal Auditors Global Headquarters is a member of NASBA’s National Registry of CPE Sponsors, the Twin Cities Chapter is NOT. It is inappropriate to use the IIA Global Headquarters registry number to report CPA continuing professional education credit for programs (e.g., the roundtable sessions) sponsored by the Twin Cities Chapter of the IIA. The Twin Cities Chapter of the IIA is considered an independent chapter of the IIA Global Headquarters and MSBA would require it to apply separately for membership in the National Registry of CPE Sponsors. To do so would require a commitment to meet ALL of MSBA’s CPE program standards and to adhere to ALL National Registry of CPE Sponsors requirements. Membership in the National Registry would also require a substantial ongoing financial commitment that the Twin Cities Chapter of the IIA has chosen not to assume at this time.
 
Additionally, the Twin Cities Chapter of the IIA is unwilling to certify the NASBA’s “Statement of CPE Sponsor” for IIA members requesting the state board’s approval of CPE from a non-registry sponsor for CPA licensure renewal. Signing this statement would mean that the chapter certifies that it complied with the NASBA’s extensive requirements and standards. The Twin Cities Chapter has not complied; it simply does not have the resources to do so. As such, all CPAs reporting CPE credit for programs sponsored by Twin Cities Chapter of the IIA risk the loss of this CPE credit by the Minnesota State Board of Accountancy. If you have any questions about this, please contact a co-chair of the Certification Committee of the Twin Cities Chapter of the IIA via e-mail at: iia.twincities@yahoo.com . Thank you.