Retired & Inactive Status
FP&A Professional Retired Status recognizes Certified Corporate Financial Planning & Analysis Professional who have permanently retired from active practice in either the FP&A, finance, or accounting field(s) and who wish to apply for Retired Status. Retired Status cannot be used to retain the certifications due to hardship, unemployment, sabbatical, or illness.
Requirements for Retired Status
- Applicants must have successfully completed at least one three-year certification cycle and must be a certificate holder in good standing.
- Applicants who are within six (6) months of their cycle end date must first recertify before applying for retired status.
Once accepted into Retired status, the certificate holder may no longer use the "Certified Corporate Financial Planning & Analysis Professional", "FPAC Professional" or "FPAC" designations. Instead, "Certified Corporate Financial Planning & Analysis Professional (Retired)", "FPAC Professional (Retired)" or "FPAC (Retired)" designations are to be used in your professional correspondences.
Benefits of Retired Status
- Certificant will maintain continued use of the designation for the duration retired status is held.
- The requirement to submit continuing education credits and recertification fees are suspended.
- The certification will not lapse and certificant will retain a "good standing" record.
- A fee is not required to apply for retired status.
- A reactivation fee is not required.
Reactivation Under Retired Status
- The credential can be re-activated if the certificant returns to a full or part-time FP&A, finance or accounting- related position.
- The certificant must submit to the AFP Certification Committee, a letter requesting reinstatement, 45 continuing education credits in the areas of FP&A, finance or accounting, proof of attendance, the Recertification Reporting Form and applicable recertification fee.
- Upon approval the certificant's record will be re-activated to begin the recertification cycle on July 1 of the year in which the request is confirmed and a new certificate will be issued.
FP&A Professional Inactive Status recognizes certificants who are unable to meet the recertification requirements due to an unusual and/or extenuating circumstance.
- During the period of Inactive Status, the designations cannot be used until it has been successfully reactivated.
- A certificant may hold Inactive status for no more than five years (60 months) from the date of confirmed approval. During this period the certification will not lapse and the requirement to submit recertification credits and the recertification fee will be suspended.
- The certificant's certification record will remain in good standing.
- Further extensions beyond the 5 year period will not be granted. If the credential is not reactivated within 5 years the credential will be revoked and the certificant will be required to apply for reinstatement under the reinstatement requirements in effect.
Eligibility for Inactive Status
- To be eligible for Inactive Status, the applicant must be a certificate holder in good standing.
- Application for inactive status must be submitted no later than March 1 of the year the applicant is due to recertify.
For example, a certificant whose cycle ends June 30, 2015 must apply for Inactive status no later than March 1, 2015. After March 1, the certificant must first successfully recertify before applying for Inactive Status.
To reactivate the FPAC Professional credential, a certificant holding inactive status is required to submit the following:
|Inactive Status Period||Reactivation Requirements|
|Up to 3 years|
|3 to 5 years|
Recertification Cycle Dates After Reactivation
After reactivation your first recertification cycle will begin July 1 of the year in which your credential becomes active.
For example: reactivation occurs January 1 - December 31, of 2015, the new 3 year recertification cycle will be July 1, 2015 to June 30, 2018. You would begin accruing credits for the new cycle starting July 1, 2015.