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Exam Registration Information

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CEPI Connect

Exam Schedule

November 2023 Exam Schedule:

ECA & AECA Registration Opened: July 1st, 2023

Level II & III Registration Opened: August 25th, 2023

Registration Deadline: October 7th, 2023

Deferral Fee Increases: October 23rd, 2023

Deferral Deadline: November 13th, 2023

November Exam Testing Dates: November 6 - 11th, 2023

May 2024 Exam Schedule:

ECA & AECA Registration Opens: November 13, 2023

Level II & III Registration Opens: January 31st, 2024

Registration Deadline: April 7th, 2024

Deferral Fee Increases: April 27th, 2024

Deferral Deadline: May 18th, 2024

May Exam Testing Dates: May 11 - 17th, 2024


There are no formal requirements for the program, but we recommend 1, 2 and 3 years of equity compensation experience for the ECA Exam, and CEPI Levels II and III respectively.

Study Materials

Study Materials for the exams include a study packet and several reference materials. All the materials are PDFs, and will be available to all who register for the exam through CEPI Connect. The course itself is entirely self-study, and all studying is done in the comfort of your own home, using our provided syllabi to guide your studies. All materials are included in the registration fee - no additional materials need to be purchased. Reference textbooks are also included with the cost of registration and will be available in digital format.

For more information on study materials, click here.

Program Fees

All program fee payments must be received by the exam enrollment deadline in order for exam registration to be fully processed. For additional questions about payment, review the CEPI Handbook or contact

Registration Type Fee (within contiguous US) Fee (outside contiguous US)
Exam Enrollment $1895 $1899
Successful Student* $1695 $1699
If new test year is within one calendar year of original test year $450 $499
If new test year is more than one calendar year from original test year $600 $699

*There is a $200 discount for candidates who pass and register for the next available exam.

Deferral Fees Fee (within contiguous US) Fee (outside contiguous US)
Deferred Before Deadline $350 $399
Deferred After Deadline $450 $499

Candidates are permitted to defer an exam registration twice. Additional deferrals will incur a full exam registration fee.

A candidate who does not show up at the test center on the day of the exam or arrives after instructions have been given is considered a "No-Show". In this case, the full exam registration fee will be forfeited, and the candidate will be required to re-enter the program as a new exam candidate.

Learn More About Our Programs


ECA/CEP Designations

Becoming an Equity Compensation Associate demonstrates that you have a fundamental knowledge of equity compensation, while becoming a Certified Equity Professional demonstrates that you have a deep knowledge of all aspects of equity compensation, including equity plan design, analysis, and administration. You must earn an ECA to be eligible for the CEP Exams.

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AECA Certification

The Advanced Equity Compensation Accounting Certificate is for financial reporting professionals in any organization that offers equity compensation, as well as the accounting professionals who are required to verify proper expensing under ASC 718 and other standards. It is open to any individuals that understand the basics of equity compensation.

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