Ethics Exam
The Ethics Exam is a self-study paper exam that may be obtained through the continuing professional education department of the Connecticut Society of CPAs at 860-258-4800, ext. 219 or online. The AICPA scores the ethics exam and sends the scores to the State Board of Accountancy.
www.cscpa.org
Friday, September 25, 2009
Experience Requirements
Where may experience be obtained?
Experience may be obtained anywhere in the world – the key is the nature of the experience.
The experience requirement must meet state regulations and must be in US GAAP and GAAS. Experience need not be paid and can be in the form of internships, co-ops, or volunteerism. However, all experience must be obtained under an individual who has held a license or CPA certificate in good standing for at least three years. Further, all experience must be verified by a CPA.
To meet Connecticut requirements, experience attained in a public accounting firm is the easiest to verify. (25 percent of time spent in a public firm must be in attest work and 75 percent may be in other accounting functions.)
Industry experience is more difficult to verify and 100 percent must be in the internal audit function. In addition, the applicant must verify that they have worked in diverse industries and that the internal audit department is independent.
For an initial CPA certificate in Connecticut, prior to Jan. 1, 2000, the experience requirement was three years full time diversified experience. CPA Examination candidates sitting on of after Jan. 1, 2000 (after having satisfied the 150-hour rule) are required to have two years of experience.
www.cscpa.org
This information came directly from this website. Please visit www.cscpa.org
Experience may be obtained anywhere in the world – the key is the nature of the experience.
The experience requirement must meet state regulations and must be in US GAAP and GAAS. Experience need not be paid and can be in the form of internships, co-ops, or volunteerism. However, all experience must be obtained under an individual who has held a license or CPA certificate in good standing for at least three years. Further, all experience must be verified by a CPA.
To meet Connecticut requirements, experience attained in a public accounting firm is the easiest to verify. (25 percent of time spent in a public firm must be in attest work and 75 percent may be in other accounting functions.)
Industry experience is more difficult to verify and 100 percent must be in the internal audit function. In addition, the applicant must verify that they have worked in diverse industries and that the internal audit department is independent.
For an initial CPA certificate in Connecticut, prior to Jan. 1, 2000, the experience requirement was three years full time diversified experience. CPA Examination candidates sitting on of after Jan. 1, 2000 (after having satisfied the 150-hour rule) are required to have two years of experience.
www.cscpa.org
This information came directly from this website. Please visit www.cscpa.org
How Long Does It Take To Receive Testing Scores
How long does it take to receive testing scores?
The CT State Board of Accountancy releases test scores as soon as they are available from the AICPA, who scores the exam. The exam is graded one applicant against all of the others taking that section of the exam, so the AICPA must wait to have a sufficient sample to evaluate test results.
www.cscpa.org
The CT State Board of Accountancy releases test scores as soon as they are available from the AICPA, who scores the exam. The exam is graded one applicant against all of the others taking that section of the exam, so the AICPA must wait to have a sufficient sample to evaluate test results.
www.cscpa.org
Process For Applying To Take The CT CPA Exam
What is the process for applying to take the CPA Exam?
First-time exam candidates must have their education transcripts evaluated to ensure that state requirements have been met. Transcripts of Connecticut applicants are evaluated by the National Association of State Boards of Accountancy (NASBA) CPA Examination Services (CPAES). Essentially, CPAES provides application processing, credential evaluation, and score-reporting services for many jurisdictions, including Connecticut. Candidates with foreign educational credentials must have their credentials evaluated by any member organization of the National Association of Credential Evaluation Services (NACES).
As of August 3, 2009, first time applicants must pay a $135 NASBA application fee, and per section fees ranging from $180.95 to $230.55. The NASBA website can ascertain the current fee structure and give you an initial application form.
Once cleared to sit for the exam, applicants receive a notice to schedule (NTS) from NASBA. Applicants must find available testing seat time at a Prometric testing facility. Prometric testing facilities in Connecticut include locations in Norwalk, Hamden, and Glastonbury. However, Connecticut applicants may also obtain a seat at Prometric testing facilities in New York, Massachusetts, or Rhode Island. Regardless of where the exam is taken, the results are returned to the state of application. Taking the exam in one of these surrounding states will not provide professional reciprocity in that state.
Detailed information about preparing for and taking the restructured, computer-based Uniform CPA Examination is contained in the AICPA publication, "Candidate Bulletin."
This detailed information was taken from www.cscpa.org
This is one of the best informative websites I know of for CPA requirement information.
First-time exam candidates must have their education transcripts evaluated to ensure that state requirements have been met. Transcripts of Connecticut applicants are evaluated by the National Association of State Boards of Accountancy (NASBA) CPA Examination Services (CPAES). Essentially, CPAES provides application processing, credential evaluation, and score-reporting services for many jurisdictions, including Connecticut. Candidates with foreign educational credentials must have their credentials evaluated by any member organization of the National Association of Credential Evaluation Services (NACES).
As of August 3, 2009, first time applicants must pay a $135 NASBA application fee, and per section fees ranging from $180.95 to $230.55. The NASBA website can ascertain the current fee structure and give you an initial application form.
Once cleared to sit for the exam, applicants receive a notice to schedule (NTS) from NASBA. Applicants must find available testing seat time at a Prometric testing facility. Prometric testing facilities in Connecticut include locations in Norwalk, Hamden, and Glastonbury. However, Connecticut applicants may also obtain a seat at Prometric testing facilities in New York, Massachusetts, or Rhode Island. Regardless of where the exam is taken, the results are returned to the state of application. Taking the exam in one of these surrounding states will not provide professional reciprocity in that state.
Detailed information about preparing for and taking the restructured, computer-based Uniform CPA Examination is contained in the AICPA publication, "Candidate Bulletin."
This detailed information was taken from www.cscpa.org
This is one of the best informative websites I know of for CPA requirement information.
Connecticut CPA Exam Requirements
What is required by the State of Connecticut to be eligible to sit for the CPA exam?
"Individuals must complete the education requirements provided in the laws of the State of Connecticut in order to be eligible to sit for the Uniform CPA Exam. Since 2000, the educational requirement is 150 hours of college education, which includes a bachelor's degree. *As of April 2007, Connecticut no longer requires 150 hours of college education as prerequisite to sitting for the CPA Exam, as the conferral of a Bachelor's Degree (120 hours of college credit) is now the minimum eligibility requirement required to sit for the CPA Exam. 150 hours of college credit however, is still required to be completed to obtain licensing and certification as a Connecticut CPA." www.CSCPA.org
"Individuals must complete the education requirements provided in the laws of the State of Connecticut in order to be eligible to sit for the Uniform CPA Exam. Since 2000, the educational requirement is 150 hours of college education, which includes a bachelor's degree. *As of April 2007, Connecticut no longer requires 150 hours of college education as prerequisite to sitting for the CPA Exam, as the conferral of a Bachelor's Degree (120 hours of college credit) is now the minimum eligibility requirement required to sit for the CPA Exam. 150 hours of college credit however, is still required to be completed to obtain licensing and certification as a Connecticut CPA." www.CSCPA.org
Friday, September 4, 2009
Topics Scheduled For Discussion
As I continue to make my blog more in depth, I intend to discuss topics like the usefulness of Quickbooks, tax preparation softwares like Turbo Tax and ProSystem FX, some auditing information, as well as personal finance tips to help you plan for the future.
Thursday, September 3, 2009
Additional CPA License Information
Technically there are no fast tracks to getting your CPA license. You will have to meet all the requirements for the state of Connecticut including passing the three part CPA certification exam. You have also required to have completed 150 college semester hours and meet the required number of hours for accounting courses, general business, and I believe liberal arts. Most other states do not have the liberal arts requirement but, if I'm not mistaken, CT just passed new regulations for this. You must also have about two years of relevant auditing work experience.
These is a catch to all of this though. Once you have completed your bachelor's degree in accounting, you can sit for the exam right away and try to pass it. You just cannot actually become certified until you meet all of the other requirements as well. I hope this information has been useful in answering your question.
These is a catch to all of this though. Once you have completed your bachelor's degree in accounting, you can sit for the exam right away and try to pass it. You just cannot actually become certified until you meet all of the other requirements as well. I hope this information has been useful in answering your question.
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