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Transitional arrangements of revised Practical Experience Framework

Transitional arrangements for QP students 

 

The Practical Experience Framework (''PE Framework'') has been revised and was launched on 21 December 2022. Details of the transitional arrangement are as follows:

 

Candidates registered as QP students and have started accumulating experience before 1 January 2023 (''transitioning student'') can continue to use the legacy system (i.e. hard copies of Training Records) to attain the practical experience under the legacy PE Framework until the end of the three-year transitional period, i.e. 31 December 2025. 

For candidates who registered as QP students before 1 January 2023 but have not started accumulating experience under the legacy PE Framework, or candidates who registered as QP students after 1 January 2023, they are required to follow requirements under the revised PE Framework to record the practical experience through the online system.

   

Validity period requirement for the practical experience attained

 

During the transitional period, the practical experience attained by the transitioning students would be able to be recognized for HKICPA membership application when the validity period of practical experience is either:

 

(i) Within 10 years after the registration as QP students (i.e. the 10-year rule defined in the legacy PE Framework) OR

 

(ii) Within 10 years prior to the date of HKICPA membership application (i.e. the 10-year Recency Rule under the revised PE Framework)

 

Additional documents required after the end of the transitional period

 

Transitioning students who have not attained full practical experience under the legacy PE Framework during the three-year transitional period (i.e. until 31 December 2025), will be required to attain practical experience under the revised PE Framework to make up for the shortfall on a pro-rata basis.

 

At the time of application for the HKICPA membership, transitioning students are required to submit the signed-off Training Records and a completed Conversion Report. The Institute has developed a Conversion Tool template to assist transitioning students in converting the achieved practical experience under the legacy PE Framework to the revised PE Framework. 

• Conversion tool template (Excel, 132KB)
• Conversion tool user guide (PDF, 1.4MB)
Appendix A – Comparison of key PE requirements between the legacy and revised PEF (PDF, 273KB)  

Appendix B – Mapping of Competence (PDF, 214KB)

• Demonstration on how to use the Conversion Tool

Stage	Video
1. Introduction	Click here
How to use the Conversion Tool
1. Complete the personal particulars in the summary report	Click here
2. Complete the details in the “Old PEF (For students’ input)” sheet	Click here
3. View the conversion results	Click here
4. View the summary of competences	Click here
5. Sign the declaration

 

 

The requirements for transitioning students are summarized in the table below:

Requirements	Within transitional period (on or before 31 December 2025)	After transitional period (on or after 1 January 2026)
Practical experience requirements	Students may follow the legacy PE Framework.	Students must follow the revised PE Framework.
Validity period requirements	Either fulfill the 10-year rule defined in the legacy PE Framework or fulfill the 10-year Recency Rule under the revised PE Framework.	Students must fulfil the 10-year Recency Rule under the revised PE Framework.
Conversion Report	Not required *	Required for submission

*Conversion Report is required to be submitted to the HKICPA if the practical experiences acquired by the transitioning students are partially recognized under the legacy PE Framework and are partially recognized under the revised PE Framework.

 

Please refer to FAQ Q13for more information.

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The Position Paper, released in November 2018, has set out the key changes to the revised Practical Experience Framework. Download the Position paper (PDF, 2.77MB) here.

 

 

 

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