Certified Public Accountants & Public Accountants are still required to obtain 80 hours of CPE credits within the 2-year biennial licensing period (with a minimum of 20 credits each year), 4 of which must be in professional ethics.
Licensees Who Do Not Provide Attest Services: Those licensees who DO NOT provide attest services will no longer need to have CPE credits in A&A. The CPE credit categories with the exception of ‘professional ethics’ have been collapsed into a new category called ‘professional development’. Licensees who do not perform attest services are required to have 76 hours of professional development which can be in any area related to the professional needs of the licensee and 4 hours of professional ethics. All A&A, tax, and courses that formerly qualified as ‘other’ now fall under ‘professional development’.
Licensees Who Provide Attest Services: Those licensees who provide attest services will need to have 24 hours of A&A credits which is an increase from the former requirement of 16 credits. The 24 hours of A&A CPE is applicable to licensees who perform any compilation, review and/or audit. These licensees are required to have 52 hours of professional development and 4 hours of professional ethics.
Please note that attest in the context of these new CPE requirements includes compilations (but not preparations), reviews and audits.