Please note: The CPE Information provided in this section relates to CPAs only.
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Minnesota |
| Renewal Date: |
12/31 annually. Beginning in 2011, CPA license will renew on a rolling 3-year period. |
| Reporting Period: |
7/1 to 6/30 annually with a rolling 120 hour, 3-year CPE cycle. Licensees must report CPE to the Board by December 31st in connection with their CPA license renewal and annually by July 31st in the years in which their CPA license is NOT due to renew. |
| Required Hours: |
120 hours every 3 years, with a minimum of 20 hours per year. |
| Ethics Required: |
Yes. 8 hours every reporting period. |
| Subject Breakdown: |
8 of the 120 hours required must be in Accounting Ethics or Business Ethics. |
| Credit Limits: |
The maximum credit for instructors and writers of published articles, books and CPE courses is 60 hours.
The maximum credit for self-study programs is 96 hours.
The maximum credit for personal development subject areas is 24 hours. |
| Other State Policies: |
Beginning July 1, 2004, program sponsors must be members of NASBA's CPE Registry, Quality Assurance Service (QAS) for self study or board approved. This rule however is only in effect until June 30, 2005. From July 1, 2005 to June 30, 2006, no more than 32-hours can be from non-Registry or non-Board approved sponsor/program sources. For the 3-year period ending June 30, 2007, & thereafter, no more than 40% of the required hours can be non-Registry or non-Board approved sponsor/program sources. All self-study program sponsors must be NASBA QAS approved.
For the 07/01/04 - 06/30/05 reporting year, the 3-year period ending June 30, 2007, and thereafter, programs that will automatically be accepted by the MN Board are seminar or lecture programs sponsored or presented by:
A. the Office of the Legislative Auditor or State Auditor (provided a quality review similar in scope to a system review level quality review conducted on a CPA firm has been completed in the last three years and an unmodified report on such review filed with the board)
B. CPE programs sponsored by professional organizations recognized by the board as report acceptance bodies (specifically approved by the board)
Renewals:
Beginning with certificate renewal applications for calendar year 2010, the board shall renew each certificate as follows:
(1) For licensees whose last name begins with the letters:
(a) A through H, certificates shall be renewed for a three-year period (Cycle A);
(b) I through P, certificates shall be renewed for a two-year period (Cycle B); and
(c) Q through Z, certificates shall be renewed for a one-year period (Cycle C); and
(2) Renewals of those certificates, after the expiration of the renewals periods specified in sub item (1), shall thereafter follow a three-year cycle. For more information, please see Minnesota Rule 1105.2550. |
| Contact Info: |
Minnesota State Board of Accountancy
85 East 7th Place
Suite 125
St. Paul, Minnesota 55101
USA
Phone: 651-296-7938
Fax: 651-282-2644
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| Web address: |
http://www.boa.state.mn.us |
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