Introduction

Colorado, known for its rich natural resources, presents a dynamic environment for Certified Public Accountants (CPAs). Understanding the state-specific requirements for CPA licensure is crucial for aspiring accountants. This guide outlines what you need to know to become a CPA in Colorado.

Educational and Professional Requirements

To sit for the CPA exam in Colorado, candidates must meet these educational criteria:

• Bachelor’s Degree: A bachelor's degree with at least 120 semester hours, including specific coursework in accounting and business.

• Licensure Education: For licensure, 150 semester hours are required, with a deeper focus on accounting subjects.

CPA Exam and Licensing Process

• Exam Score Requirement: A minimum score of 75 is needed in each section of the CPA exam.

• Work Experience: One year of related work experience is required under the supervision of a licensed CPA.

• Ethics Exam: Passing the AICPA Professional Ethics Exam is a vital requirement for CPA licensure in Colorado.

Licensing Fees and Renewal

• Application Fees: The initial application fee is $160, and each exam section costs $238.15.

• Licensure Fees: Post-exam, there are several fees including a licensure fee of $250, a fingerprint processing fee, and biennial license renewal fees.

Continuing Education and Renewal

• CPE Requirements: Colorado CPAs must complete 80 hours of Continuing Professional Education (CPE) every two years.

• License Renewal: Renewal occurs biennially, on the last day of the licensee's birth month, with a fee of $120.

International CPA Examination Program

• Participation: Colorado participates in the International CPA Examination Program, accommodating non-U.S. candidates to meet the CPA certification standards.

Applying for the CPA Exam in Colorado

1. Submit CPA Exam Application: Apply through the NASBA CPA Central Portal, ensuring that your educational transcripts are submitted directly.

2. Authorization to Test (ATT): Once approved, you'll receive an ATT from the Colorado State Board.

3. Notice to Schedule (NTS): Issued within three to six weeks of registration, this document is necessary for scheduling your exam.

4. Schedule Exam with Prometric: Use your NTS to schedule the CPA Exam at a convenient location and date through Prometric.

Conclusion

Achieving CPA licensure in Colorado involves fulfilling specific educational requirements, passing the CPA exam, gaining relevant work experience, and adhering to ethics and continuous education requirements. With its stringent standards, Colorado sets the stage for its CPAs to thrive in a competitive and rewarding field.