CPE Requirements

About Our Programs

Education Foundation programs are developed to comply with the Statement on Standards for Continuing Professional Education (CPE)Programs jointly issued by the National Association of State Boards of Accountancy (NASBA) and the AICPA.

California Board of Accountancy

A licensee shall be required, as a condition of active status license renewal, to have completed at least 80 hours of qualifying continuing education (CE) in the two-year period immediately preceding license renewal. A signed statement which appears on the renewal application wherein the licensee certifies to the completion of the required CE and the statement required by Section 89 must be submitted.A licensee engaged in the practice of public accountancy as defined in Section 5051 of the Business and Professions Code is required to hold a license in active status. No carryover of continuing education is permitted from one two-year period to another.

The following continuing education regulations are taken from Section 5027of the California Accountancy Act, Business and Professional Code —Division 3 Chapter 1.

1. Government [Accty. Regulation Sec. 87(b)] : A licensee who plans, directs or conducts substantial portions of field work, or reports on financial or compliance audits of a governmental agency at any time during the license period, shall be required, as a condition of license renewal, to complete 24 of the 80 hours required in governmental accounting, auditing or related subjects. Use "Credit" search for a list of courses which qualify .
2. Accounting and Auditing (effective July 1, 1998 [Accty. Act Sec. 5027]) : A licensee who provides audit, review, other attestation services, or issues compiled financial statement reports shall, during the two-year license renewal period, complete a minimum of 24 of the 80 hours of qualifying continuing education in the area of accounting and auditing related to reporting on financial statements. Use "Credit" search for a list of courses which qualify .
3. Professional Conduct and Ethics (PC&E) [Accty. Regulation Section 87.7(a) - (b)] : In order to renew a license in an active status, a licensee shall, within the six years preceding the license expiration date, complete a continuing education course on the provisions of the Accountancy Act and the Board of Accountancy Regulations, application to current practice, and other rules of professional conduct. The PC&E course shall be approved by the Board prior to the licensee receiving CE credit for the course, and shall be a minimum of eight hours. Use "Credit" search for a list of courses which qualify .
4. Fraud [Accty. Regulation Sec. 87(d)] : The Fraud continuing education (CE) requirement will become effective for CPA licenses renewed on or after July 1, 2005.
   
   Section 87(d) requires licensees who are subject to the 24-hour accounting and auditing (A&A) or government CE requirement to complete an additional eight hours of CE specifically related to the detection and/or reporting of fraud in financial statements. The eight hours of fraud CE qualify as part of the 80 hours of CE required for license renewal, but they do not qualify as part of the 24 hours ofA&A or government CE requirement. Fraud CE is not required forlicensees who are not subject to the A&A or government CE requirement. Use "Credit" search for a list of courses which qualify .

License Reissuance

If a California CPA license has been canceled, the CPA may apply for and obtain a new license by meeting special continuing education requirements of Section 37 of the California Accountancy Regulations as follows:
Within the three years preceding the date of the new application, the CPA must complete at least 120 hours of continuing education. Forty-eight of the 120 hours must be in the following subject areas listed below.

• General Accounting (40 hours)
• Other Comprehensive Basis of Accounting (8 hours)

General Accounting The following topics may be included when completing the general accounting continuing education courses: • Performing accounting research • Meeting disclosure requirements • Problems in rarely encountered transactions • Meaning of GAAP • Balance sheet and income statement • Statement of owner’s equity and accounting changes and cash flows and cash presentation • Reporting on receivables and financial instrument disclosures; investments, property, plant and equipment, and non-monetary exchanges; intangibles and research and development costs; payables and accruals; long-term debt and contingencies; leases; stockholder’s equity • Accounting for leases; income taxes; pensions and other post-retirement benefits; stockholder’s equity

Other Comprehensive Basis of Accounting (OCBOA) The following topics should be included in an OCBOA course: • OCBOA financial statement defined • Accounting and disclosure requirements • Special technical problems in preparing cash and tax basic financial statements • Reporting on OCBOA financial statements • Management issues and concerns • External users issues and concerns

The remaining 72 hours must meet the CE requirements listed in (Accty. Regulation Section 88).

In addition, the CPA must take the current version of Professional Ethics for CPAs (PETH) and pass the exam with a grade of 90%. This self-study course is not included in the 120 hours of continuing education needed for reissuance. The Education Foundation is the designated provider of PETH. For more information about ordering PETH, please refer to www.educationfoundation.org/candidates or call customer service at (800) 922-5272.

If you have questions on reporting CPE, contact

Phone: FAX: Write:	(916) 263-3680 (916) 263-3676 California Board of Accountancy CE Form Request 2000 Evergreen Street Suite 250 Sacramento, CA 95815-3832
Website:	www.dca.ca.gov/cba/

NASBA

 The California CPA Education Foundation is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org .

MCLE / Legal Specifications

The California CPA Education Foundation is a State Bar of California MCLE approved provider. The Education Foundation is an approved provider in the specialty areas of Taxation Law, Estate Planning, Trust and Probate Law, and Family Law. Use "Credit" search for a list of courses which qualify .

CTEC–California

The California CPA Education Foundation has been approved by the California Tax Education Council to offer courses, which provide federal and state credit towards the annual continuing education requirement imposed by the state of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA 95812-2890, by phone at 877-850-2832 or on the Internet at www.ctec.org . Use "Credit" search for a list of courses which qualify .

CTEC–Federal

The California CPA Education Foundation has been approved by the California Tax Education Council to offer courses, which provide federal and state credit towards the annual continuing education requirement imposed by the state of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA 95812-2890, by phone at 877-850-2832 or on the Internet at www.ctec.org . Use "Credit" search for a list of courses which qualify .

Enrolled Agents

The California CPA Education Foundation has been approved by the Department of the Treasury�Internal Revenue Service to offer courses, which qualify for continuing education credit for Enrolled Agents. The Education Foundation�s sponsor number is 86. Use "Credit" search for a list of courses which qualify .