Compliance & Jurisdiction Updates as of 03/31/2023

COMPLIANCE UPDATES

Florida

To meet the compliance rate requirement in Florida Statute 455.2177, the Florida Board of Accountancy is returning to a modified version of the mandatory continuing professional education reporting requirement. The return to mandatory reporting will begin as of July 1, 2022, but will not impact the renewal periods ending December 31, 2022, and December 31, 2023 (see full establishment periods below). The reporting requirements and the renewal process will remain unchanged for this renewal period.

Establishment periods that will not be affected by the new implementation schedule:

• Ended June 30, 2022, and the corresponding renewal period October 1, 2022, to December 31, 2022
• Ending June 30, 2023, and the corresponding renewal period October 1, 2023, to December 31, 2023

One of the goals of the implementation schedule is to give CPAs access to the reporting tool for the entire re-establishment period.  Starting with the re-establishment period beginning July 1, 2022, and ending June 30, 2024, Florida-licensed certified public accountants must enter the details of all completed continuing professional education courses and upload the corresponding proof of completion documents to the Department of Business and Professional Regulation’s continuing professional education reporting tool located in the DBPR Online Services Portal.

Hawaii

• Effective January 1, 2022, Hawaii enacted a CPE amendment that requires licenses to complete a minimum of 20 credit hours each calendar year.
• The Amended List of Sponsors who automatically qualify for approved credit eliminated the American Society of Women Accountants and replaced it with the Accounting and Financial Women’s Alliance. To view Approved Sponsors (as of February 2022), visit: https://cca.hawaii.gov/pvl/files/2022/03/CPE-List-220228.pdf

IIA - Certified Internal Auditor (CIA)

Key Changes in CPE Requirements effective September 1, 2023:

• No limit to the number of CPE hours that may be carried over from one reporting cycle to another if there is a surplus of CPE acquired during the calendar year (20 hours for CIA and 10 hours for other IIA designations)

• There has been an increase in the grace period from 1 year to 2 years.

• Those who go three years without reporting CPE must know their certification will be revoked.

• An individual with a "revoked" certification has no chance of regaining it - anyone with a "revoked" certification must retake the examinations to regain their certification.
• Credential holders are strongly encouraged to report their hours annually to ensure compliance with the forthcoming changes to CPE policy. The deadline for reporting hours is 31 December in the year. IIA CIA CPE Policy Change 2023

South Carolina

• Effective January 1, 2022, South Carolina licensees are now required to complete two (2) hours of CPE in Ethics each calendar year (as part of the forty-hour annual requirement). This replaces the former requirement of six (6) total hours in a three-year cycle.
• The SC Board of Accountancy also no longer requires the SC-specific ethics course, so licensees can now meet the annual ethics requirement by choosing any behavioral ethics or regulatory ethics course that satisfies the requirements of Regulation 1-08. Licensees can access the Accountancy regulations by clicking here.
• To view the full legislative update on the Board website, visit: https://llr.sc.gov/acct/News/2022-LegislativeUpdate.pdf

West Virginia

• Per a recent Board meeting decision, removed reciprocity effective all periods.

NEWLY ADDED JURISDICTION(S) 

• AIPB - Certified Bookkeeper (CB)

NEW FEATURES

• New York CPA: Updated logic for CPE & Ethics reporting periods per the NYS Board of Accountancy; CPE Requirements in New York State
• Review your Incoming Webinar Registrants
• How to Create a SCORM Course

UPCOMING DEADLINES

As you may already be aware, no national CPE standard exists for CPAs in the United States. Instead, requirements are decided at the state level and can vary depending on the type of accountancy you practice.

Many states have a standard CPE deadline of December 31.

In some cases, your deadline may fall near a specific deadline depending on the date your CPA license was originally issued, your birth date and/or year, state-specific extensions due to COVID-19, or other factors.

Do you have CPE requirements to fulfill by June 30 or July 31, 2023? See if your state has an upcoming deadline for CPAs below. The following list includes states with CPE deadlines on June 30 or July 31, as well as deadlines that may fall on or around these dates due to special circumstances based on the criteria above. 

June 30, 2023

• Vermont

Variable Compliance Deadlines

Please check NASBA’s registry for further details on specific CPE requirements. 

COMING SOON

• California CPA: (1) Update to accept only 0.5 credit increments per Board of Accountancy Rules
  (2) Updated logic on CA Renewal Report for specific subject-area requirements
• Certified Financial Planner (CFP) License: Update to include "Financial Planning" special topic to license mapping
• Colorado CPA: Update to Ethics requirement to include Colorado Rules & Regulations (CR&R); 2 credits per calendar year
• Florida 2-15 Resident Health & Life Agent (Including Annuities & Variable Contracts): New Jurisdiction
• ICBA - Certified Community Bank Compliance Officer (CCBCO): New Jurisdiction
• Iowa: Update to accept only 0.5 credit increments effective July 1, 2023
• New York State Bar Association (CLE): Update to include new subject area effective January 2023;
  Cybersecurity, Privacy and Data Protection (General) -or- Cybersecurity, Privacy and Data Protection (Ethics) Cybersecurity, Privacy and Data Protection FAQs
• New York CPA: Updated
• Pennsylvania CPA: Update to include the expanded list of accepted CPE Sponsors
• South Carolina CPA: Update to Ethics credit requirement effective January 1, 2022; 2 hours each calendar year; SC-specific ethics no longer required
• U.S. Virgin Island CPA: New Jurisdiction

HELPFUL LINKS:

• Prolaera Knowledge Base
• NASBA CPE Requirements by US Jurisdiction
• NASBA Statement on Standards for CPE Programs
• End-User Video Training

NOTES:
The regulator notes in this section are only highlights. For more complete information, please log into Prolaera, contact your Account Manager, or visit your state board of accountancy. Changes are incorporated into Prolaera’s compliance engine when rules are finalized and effective.