For those aspiring to become a CPA in Michigan, known for its robust manufacturing sector, here are the detailed requirements for CPA Exam and licensure:

Social Security, Age, Citizenship, and Residency Requirements

• Social Security Requirement: Yes, you must provide a Social Security number.

• Age Requirement: No specific age requirement.

• Citizenship: U.S. citizenship is not mandatory.

• Residency: No residency requirement in Michigan.

Education Requirements for Licensure

• Credit Hours: 150 semester hours, including a Bachelor’s degree.

• Undergraduate Requirements:

• Auditing: 3 semester hours in Auditing (excluding internal auditing).

• Accounting: 21 semester hours in accounting, covering Governmental/Fund Accounting, Financial Accounting and Accounting Theory, U.S. Federal Taxation, Accounting Systems and Controls, Managerial Accounting, including Cost Accounting.

• Business Subjects: 24 semester hours in business courses.

Work Experience Requirements

• Duration: 2,000 hours of qualifying work experience, earned within 1 to 5 years.

• Scope of Work: Experience can be in various fields including auditing, tax preparation, accounting-related work in public accounting firms, and more.

Ethics Exam Requirements

• Mandatory State Ethics Exam: Not required for CPA certification in Michigan.

International CPA Examination Program

• Participation: Michigan participates in the International CPA Examination Program.

• Process: International candidates must meet Michigan CPA requirements and complete the international registration procedure.

CPA Exam & Licensing - Cost and Fees

• Initial Application Fee: $147

• Examination Fees: $238.15 for each CPA Exam section (AUD, BEC, FAR, REG).

• Re-Examination Fees: Varies based on the number of sections retaken, ranging from $88 to $97.

• New CPA License Application Fee: $300

• License Renewal Fee: $200

• Relicensure Application Fee: $320

License Renewal Requirements

• Renewal Period: Every two years.

• Continuing Professional Education (CPE):

• For Michigan Residents: 80 hours in total, with 40 hours annually, including 8 hours in auditing and accounting, and 2 hours in professional ethics.

• For Out-of-State Residents: Fulfill the CPE requirements of the primary business state or comply with Michigan’s CPE standards if the primary state has no CPE requirements.

CPA Exam: Dates, Score Release, and Scheduling

• Exam Availability: The CPA Exam is available throughout the year during designated testing windows.

• Score Release: Scores are typically released by the AICPA according to a set schedule, a few weeks after the exam date.

• Application Process: Candidates apply through the Michigan Board of Accountancy, receive a Notice to Schedule (NTS), and then schedule their exam sections through Prometric.

This comprehensive guide offers an overview of the requirements and processes for becoming a CPA in Michigan. Candidates should always verify the latest requirements and procedures with the Michigan Board of Accountancy or NASBA, as rules and regulations may change.