Continuing Professional Education
In order to renew the license to practice, all CPAs are required to report continuing professional education (CPE) earned during their reporting period.
CPAs with odd-numbered licenses renew in July of 2015
Reporting period - CPE taken between January 1, 2013 - December 31, 2014
CPAs with even-numbered licenses renew in July of 2016
Reporting period - CPE taken between January 1, 2014 - December 31, 2015
If you worked 3,000 hours or more in a public accounting firm during the reporting period (see above for your reporting period) you are required to report completion of 80 hours of CPE with 2 hours in ethics.
If you worked less than 3,000 hours in a public accounting firm during the reporting period (see above for your reporting period) you are required to report 60 hours of CPE with 2 hours in ethics.
If you were employed in industry, education or government during the reporting period (see above for your reporting period) you are required to report 60 hours of CPE with 2 hours in ethics.
If your principal place of business is located in another state, you may satisfy the CPE requirements in Kentucky by indicating that you are meeting the requirements in the state in which your principal place of business is located. If the state in which your principal office is located has no CPE requirement for renewal, you must comply with all CPE requirements for renewal of the license in this state.
In some instances, CPAs may not be required to report CPE to renew their license. CPAs who meet certain criteria may request a waiver from the CPE requirements. While the Board understands that some situations are unpredictable, licensees are encouraged to submit the waiver request as soon as possible. Do not wait until renewal time to submit the request. Doing so can result in delays in the renewal process. CPE waivers are eligible to be granted for the following reasons:
Physically or psychologically unable to complete the CPE requirements documented by a written statement from a licensed physician or other appropriate authority.
A severe personal hardship which has made it extremely difficult or impossible to meet the CPE requirement. The hardship must be described in writing. Changing employers or heavy workloads is not considered to be a severe personal hardship.
Completely retired from public practice and is 55 years of age or older. Completely retired means not performing accounting services in the practice of public accounting, education, government or industry except for management of personal assets or investments.
In each instance, a CPE Waiver Application must be submitted along with any other necessary documentation. If you think you qualify for a CPE waiver, download the Initial Request for CPE Waiver.pdf
and submit it to the Board at least 7 working days prior to any monthly Board meeting. You should request the waiver prior to the expiration of your license to insure your ability to continue to practice.
A CPE course completion document indicates completion of a formal program of learning which includes:
Name of the sponsor
Name of the participant
Name of course completed
Number of CPE contact hours
To be considered a completion document, a computerized printout must contain the information listed above and the signature of the education coordinator or one who verifies attendance of the CPA at the courses listed.
Licensees are responsible for insuring that completion documents are obtained and kept for a period of five (5) years. If completion documents cannot be provided to the Board upon request, those CPE hours will not be accepted.
Prior approval of courses and/or providers is not required for the program to qualify for CPE credit. Programs qualify for CPE if the following criteria is met by the course provider:
An outline of the program is prepared in advance and preserved.
The program is at least one (1) CPE hour in length (50 minutes) excluding meals and breaks.
The program is conducted by a qualified instructor. A qualified instructor is one whose background, training or experience makes it appropriate for them to lead discussion in the subject matter.
A record of registration or attendance is maintained by the sponsor.
A course completion document is provided to the attendees.
Acceptable subject matter includes accounting and auditing, taxation, management services, communication arts, mathematics, statistics, probability and quantitative applications in business, economics, business law, functional fields of business finance, production, marketing, personnel relations, business management and organization, specialized areas of industry; and administrative practice (e.g. engagement letters, personnel, etc.). Areas other than these may be acceptable if the CPA can demonstrate that the course contributes to his/her professional competence.
The responsibility for substantiating that a program is acceptable and meets the requirements for CPE rests solely upon the CPA.
Licensees may claim one (1) hour of CPE for each fifty (50) minutes of technical session attended.
Self-study programs qualify on an hour-for-hour basis.