Idaho CPA Requirements: Navigating the Path to Licensure
Introduction
Aspiring Certified Public Accountants (CPAs) in Idaho find themselves in a state that not only ranks highly for business but also has a growing demand for accounting professionals. Understanding Idaho's specific CPA requirements is crucial for those looking to excel in this field. This guide outlines the essential steps to achieve CPA licensure in Idaho.
Educational and Professional Requirements
To become eligible for the CPA exam in Idaho, candidates must meet these educational criteria:
Bachelor’s Degree: A baccalaureate degree with at least 120 semester hours, including specific coursework in accounting and business, is required.
Licensure Education: For CPA licensure, 150 semester hours are needed, with a focus on advanced accounting.
CPA Exam and Licensing Process
Exam Score Requirement: Candidates must achieve a minimum score of 75 in each section of the CPA exam.
Work Experience: One year (2,000 hours) of work experience in accounting is required, which can span 12 to 36 months.
Ethics Exam: Passing the AICPA Ethics Exam with a score of at least 90% is mandatory in Idaho.
Licensing Fees and Renewal
Application Fees: The initial application fee for the CPA exam is $100, and each exam section costs $238.15.
Re-examination Fee: $50 for re-examination application.
Total Initial Fees: Approximately $1,053.
Residency and Citizenship Requirements
Residency: Current or past residency in Idaho is required for CPA licensure.
Citizenship: U.S. Citizenship is not necessary for becoming a CPA in Idaho.
Continuing Education and Renewal
CPE Requirements: Idaho CPAs must complete 80 hours of Continuing Professional Education (CPE) every two years, including 4 hours in ethics.
License Renewal: Renewal occurs annually by July 1, with fees for active and inactive licenses and potential late charges.
International CPA Examination Program
Participation: Idaho does not participate in the International CPA Examination Program.
Applying for the CPA Exam in Idaho
Submit CPA Exam Application and Fees: Apply through the Idaho State Board of Accountancy, ensuring all required documents and fees are submitted.
Work Experience Verification: Obtain verification of your work experience from a licensed CPA.
Schedule and Pass the CPA Exam: Schedule each section of the CPA exam and aim to pass them within the specified timeframe.
Conclusion
Achieving CPA licensure in Idaho involves meeting specific educational requirements, passing the CPA exam, gaining relevant work experience, and adhering to ethics requirements. With its favorable business environment, Idaho provides an excellent platform for CPAs to grow professionally.