Odd numbered individual licenses will renew in July of 2023. Continuing Professional Education ("CPE") hours must be completed in the two calendar years prior to the year a license is to be renewed. These two calendar years are referred to as the "reporting period." For those renewing their CPA licenses in 2023, this means all CPE hours must be completed beginning January 1, 2021 and ending December 31, 2022. New CPE regulations will be in effect beginning with the 2023 renewal so please review the 201 KAR 1:100 regulations to complete the total required CPE for your employment status.
For even numbered licenses renewing in 2024, all CPE hours must be completed beginning January 1, 2022 and ending December 31, 2023. New CPE regulations will be in effect for the 2024 renewal so please review the
201 KAR 1:100 regulations to complete the total required CPE for your employment status.
Proposed Amendment to CPA Exam Procedures
The Kentucky State Board of Accountancy (“Board") recently filed, with the Kentucky Legislative Research Commission, (“LRC"), a proposed amendment to “201 KAR 1:190. Examination sections, applications, and procedures." In light of changes coming to the Uniform CPA Examination (“Exam") in January 2024, this amendment addresses the running of the time frame in which the four sections of the Exam must be successfully passed by CPA candidates. Once a candidate has successfully passed one section of the Exam, all jurisdictions provide candidates with a rolling eighteen (18) month period in which to successfully pass the remaining three sections. In Kentucky, the beginning of this time period is currently linked to the date the first passed Exam section was taken by the candidate, rather than the later date the passing score on that section was released. In an effort to prevent candidates from being unduly harmed by score delays and a decrease in testing availability that will accompany the administration of the revised Exam in 2024, this amendment will push back the start of the eighteen (18) month credit period to the date the first passing score is released to the candidate. Accordingly, the proposed amendment is intended to mitigate and lessen the burden imposed upon Kentucky CPA candidates by delays in score releases, and decreases in testing availability, which will likely occur during the administration of the new Exam.
The full text of the proposed amendment is attached here.
2023 KSBOA Amendment to 201 KAR 1.190 (Filed with LRC).pdf
Should any individuals desire to be heard, a public hearing on this administrative regulation shall be held on March 23, 2023 at 1:00 p.m., EST at the office of the Board located at 332 W. Broadway, Suite 310 Louisville, Kentucky 40202. Such individuals shall notify this agency in writing, no later than five workdays prior to the hearing, of their intent to attend. If you do not wish to be heard at the public hearing, you may submit written comments on the proposed administrative regulation until the end of the day (11:59 p.m.) March 31, 2023. Please send written notification of intent to be heard at the public hearing, or written comments on the proposed administrative regulation, to: Joseph P. Donohue, Executive Director, Kentucky State Board of Accountancy, 332 W. Broadway, Suite 310, Louisville, Kentucky 40202, phone (502) 595-3037, fax (502) 595-4281, email mailto: joep.donohue@ky.gov
Reminder of January 1, 2021 Changes to CPE Requirements
Beginning January 1, 2021, CPAs in public accounting firms who perform (a) attest services, as defined in KRS 325.220; or (b) compilation or preparation of financial statement engagements subject to SSARS, must complete 8 hours of CPE in the subject matter of accounting or auditing each year, for a total of 16 hours over the two-year reporting period.
Beginning January 1, 2021, CPAs required to complete 80 hours of CPE per every two-year reporting period may include up to 8 hours of personal development courses toward their requirement, and CPAs required to complete 60 hours of CPE may include up to 12 hours of personal development courses.
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An acceptable personal development course improves time management, leadership, team building, goal setting and similar soft skills related to working in an office or professional setting. Human resources courses also qualify under personal development hours.