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Continuing professional education is a requirement for maintaining licensure in many jurisdictions and membership in many state CPA societies and the AICPA. Below are summaries of the requirements:
American Institute of CPAs
Members in Public Practice
A member who complies with a state licensing or state society membership continuing education requirement, regardless of whether that requirement is for a calendar year, shall be deemed to be incompliance with this provision, provided such a requirement is for an average of 40 hours per year, at a minimum, and provided the member completes at least 20 hours each year. A member who is in compliance with the AICPA Division for Firms' CPE requirements is deemed to be in compliance with this provision.
A member in public practice who has not complied with a state licensing or state society membership continuing education requirement or if such a requirement is for an average of less than 40 hours per year, at a minimum shall, during each three-calendar-year reporting period, complete 120 hours with a minimum of 20 hours each year.
Members Not in Public Practice
A member not in public practice and not in the "retired" or "inactive" status, who complies with a state licensing or state society membership continuing education requirement, regardless of whether that requirement is for a calendar year, shall be deemed to be in compliance with this provision, provided such a requirement is for an average of 30 hours per year, at a minimum, and provided the member completes at least 15 hours each year. A member who is in compliance with the AICPA Division for Firms' CPE requirements is deemed to be in compliance with this provision.
A member in public practice who has not complied with a state licensing or state society membership continuing education requirement or if such a requirement is for an average of less than 30 hours per year, at a minimum shall, during each three-calendar-year reporting period, complete 90 hours with a minimum of 15 hours each year.
General Accounting Office
The U. S. General Accounting Office's Government Auditing Standards requires auditors responsible for planning, directing, conducting, or reporting on government audits to complete 80 hours of CPE every two years ( the current reporting period ends December 31, 1998). At least 20 of these 80 hours must be completed in one of the two years. Individuals responsible for planning, directing, or conducting substantial portions of the field work, or reporting on the government audit must complete at least 24 of the 80 hours in subjects directly related to government auditing and the government environment. If an individual audits entities that operate in a unique environment, specialized training in that area is required.
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