Introduction

For those aiming to become a Certified Public Accountant (CPA) in Guam, understanding the specific licensure requirements is crucial. Guam offers unique opportunities for CPAs, particularly due to its diverse business environment. This guide provides an overview of the CPA license requirements and exam procedures in Guam.

Educational and Professional Requirements

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

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

• Licensure Education: For CPA licensure, 150 semester hours are needed, with additional accounting education.

CPA Exam and Licensing Process

• Exam Score Requirement: Candidates must score at least 75 in each section of the CPA exam.

• Work Experience: One to two years of related work experience is required, depending on the type of employment.

• No Ethics Exam Requirement: Guam does not require a separate ethics exam, but good moral character is essential.

Licensing Fees and Renewal

• Application Fees: The initial application fee for the CPA exam is $200, and each exam section costs $238.15.

• Licensure Fees: After meeting all requirements, the CPA license application fee in Guam is $250.

Continuing Education and Renewal

• CPE Requirements: Guam CPAs must complete 120 hours of Continuing Professional Education (CPE) every three years, with specific requirements in accounting, auditing, personal development, and ethics.

• License Renewal: Renewal occurs annually by June 30, with a fee of $100.

International CPA Examination Program

• Participation: Guam participates in the International CPA Examination Program, accommodating non-U.S. candidates.

Applying for the CPA Exam in Guam

1. Submit CPA Exam Application and Fees: Apply through the NASBA website, ensuring all required documents and fees are submitted.

2. Authorization to Test (ATT): Once eligible, you will receive an ATT from the Guam Board of Accountancy.

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

4. Schedule Exam with Prometric: Choose your exam date and location through Prometric.

Conclusion

Achieving CPA licensure in Guam involves meeting specific educational requirements, passing the CPA exam, and gaining relevant work experience. With its participation in the international CPA program and unique licensing requirements, Guam offers a distinctive pathway for aspiring CPAs.