Author Archives: Edward Walsh

CPE – per the NACA Bylaws

From the NACA Bylaws:

ARTICLE XV – CONTINUING PROFESSIONAL EDUCATION (CPE)
The National Association of Construction Auditors requires all Regular Members to maintain competence and
expertise and keep abreast of current information through Continuing Professional Education (CPE).
XV.1 Requirements
▪ The minimum requirement is 40 hours per biennial (two year) period, commencing in the year following award of membership with 20 hours in a construction / auditing / accounting related topic from a NACA approved course or event.
▪ Subject matter must be in the area of construction auditing, construction project management or a related field as described below (see Subject Content).
▪ One hour of credit is equal to 50 minutes of instruction time
▪ CPE hours in excess of the minimum requirements may not be carried forward.
▪ Failure to maintain the minimum requirements will result in withdrawal of the professional certification designations.
XV.2 Subject Content
Subject content for CPE must be in an area of construction auditing or a related field. These include:
▪ Internal Auditing
▪ Internal Controls
▪ Project Management
▪ Construction Project Management
▪ Construction Accounting
▪ Architecture
▪ Contract Administration
▪ Contract Auditing
▪ Government Contracting
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XV.3 CPE Format
1. Participant Credit – Unlimited CPE hours per biennial period are allowed for participant credit, which is defined as
NASBA approved instruction in a formalized setting including live and online learning sessions. A formalized learning
session includes:
▪ An instructor;
▪ A written course outline;
▪ Attendance that is required and recorded; and
▪ Issuance of a certificate of attendance and completion.
Correspondence and self-study courses are acceptable for recommended CPE credit provided they (1) require a final examination and (2) issue certificates of completion.
College courses may be claimed and computed at the rate of 15 hours of CPE for each semester hour completed. Transcripts must be obtained to support the claim for CPE hours. Courses must be in subject matter as described above (see Subject Content). College courses claimed must be conducted at accredited colleges or universities. In-house training is acceptable, provided that it is offered in a formalized setting and meets the above criteria. In instances where the acronym CEU (Certified Education Unit) is used, one CEU is equal to (1) 15 classroom hours,(2) one college semester credit hour, or (3) 15 hours of Continuing Professional Education. Courses in the industry must be conducted by the NACA or NASBA approved providers, or by licensed sponsors approved by the appropriate State Boards.
Courses in foreign countries must be conducted by providers approved for the appropriate accounting, auditing, ethics, construction management, or internal controls training under the laws or institution guidelines of the country.
2. Instructor Credit – A maximum of 20 CPE hours per biennial period is allowed for the development and teaching of
any course where the emphasis of the subject matter is in an area of internal controls or a related field as listed above
(see Subject Content). Members may claim CPE credit for the number of hours actually presented plus a maximum of
2 hours preparation for each hour of presentation for the first time the material is presented. Therefore, credit of 20
hours will be granted for the development and delivery of an 8 hour CPE course.
▪ Subsequent credit for preparation of the same presentation is not allowed, unless the subject matter is substantially changed.
▪ Subject matter must be approved by the Executive Board. Course description and outline (at a minimum) must be provided in writing prior to claiming any credit,
3. Author Credit- Time spent preparing articles and books related to the above-mentioned fields will be accepted for a maximum of 20 CPE hours per biennial period.
▪ A detailed description or copy of the article or book should be provided for approval prior to applying for credit.
▪ Articles must be published by a scholarly journal or a publication approved by the National Association of Construction Auditors.
4. Society/Association Meetings Credit – Credit for attending certain meetings conducted by professional societies or associations may be claimed for a maximum of 10 hours per biennial period.
▪ Meetings must have a formal speaker speaking on an area of related subject as listed above (see Subject Content).
▪ Lecture/presentation must be at least 50 minutes in length for each CPE hour claimed.
▪ Time for lunches, breaks, social gatherings, planning sessions, business meetings, and similar activities must
be excluded.
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XV.4 CPE Records
Members are responsible for keeping track of their CPE and retain for three years supporting documentation, such as proof of attendance and completion of courses.
▪ Members CPE records should be sent to the NACA annually. (See Reporting Periods below)
▪ Retired and Associate members are exempt from this reporting – but still encouraged to submit the information if available.
XV.5 Member Deficient in CPE Credits
The National Association of Construction Auditors may request evidence of any member’s compliance with the CPE requirements. Any member who is unable to demonstrate CPE compliance, or who is found to have made a false certification, may be subject to discipline, including expulsion from the Association, and/or withdrawal of his/her professional designation.
XV.6 Reporting Periods
Members will report their compliance with the CPE requirements each year on August 1 or a date set by the executive Committee via the form on the NACA website. Members are not required to provide any documentation of the completion of the CPE training unless requested to do so. However, all members must retain the documentation as noted in the CPE Records section above.

2021 Conference- Note from the Executive Committee on refunds

2021 Conference- Note from the Executive Committee

NACA members,

Even after a year we are still in a strange time, where what used to be automatic is not entirely secure, like planning a live event for instance. This reality applies to our 2021 Conference scheduled for September 20-22 in Nashville.

We know most of you are truly anxious for a live event and as of today we are a go to be in Nashville, but we also must be 100% sure. We need your help to keep moving forward. The executive committee needs hard numbers of expected attendees for their June 17 meeting. For those who are sure they plan to attend we need you to “vote” affirmative by registering for the Conference no later than June 15th. 

Please be aware that if we don’t go forward with the live conference then ALL registration funds will be either returned, credited towards a virtual event or pushed forward to 2022 [your choice].  Plus you can take advantage of the early bird discount!

Everyone’s safety is our top priority and we are in conversations with the hotel to make sure all recommended and required state issued guidelines are in place. A decision will be made based on registered attendees on August 1.

Please REGISTER here.

 

Thanks very much.

> COMMENT FROM A NEW MEMBER

Linked In post

So I asked a new member how he heard of NACA….
His reply was really great…

“Thank you, Edward, for a quick follow-up. It is both my pleasure and honor to join your society. Truthfully, I came across NACA accidentally.

In the past, it happened quite often that I was supporting typical CPA accountants with technical issues in the process of auditing industrial construction projects, be it a contract, a schedule, labor/materials, not to mention investigating the claims. And I was always wondering, why, for God’s sake, the Clients, pay big bucks to the hordes of ordinary bookkeepers who don’t have even a slightest idea on how to engineer and/or construct anything.
The bottom line is while they are good for general internal ISO-type audits, they are almost helpless, when dealing with outside contractor’s documentation and records…It was only recently I found that there are quite a few companies who do employ on their staff engineering/construction experts in support of their construction audits and those typically have NACA’s “CCA” accreditation. And that does makes a lot of sense!
So, better late than late never but I feel I found finally my kind of people in a right organization.

Have a great evening and stay safe!”
THANK YOU SIR!