The CE Dilemma

Morrow, Ed
July 1994
Journal of Financial Planning;Jul94, Vol. 7 Issue 3, p104
Academic Journal
This article focuses on the significance of the requirement of continuing education (CE) in the quest to protect and serve the public's legitimate interest. The ability of government agencies to protect the public's interest by restricting exposure to only qualified practitioners is obviously quite limited. Initial testing, such as securities and insurance examinations, is still appropriate, but it does not adequately protect the consumer. No matter how difficult the test, the participant could lose most of the knowledge over a period of time. The definition of continuing education should be restrictive enough to make the learning meaningful but loose enough to provide latitude for those developing courses or materials to exercise instruction and editorial creativity. The Institute of Certified Financial Planners initiated a CE requirement and subsequently transferred this responsibility to the Certified Financial Planner Board of Standards. Each U.S. state accountancy board has CE requirements, as do many of the bar associations. However the accountancy boards have established a national registry to simplify record keeping. The American Institute of Certified Public Accountants Inc. has a 40-unit annual CE requirement.


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