Mississippi CPA Requirements: Comprehensive Overview
To become a Certified Public Accountant (CPA) in Mississippi, candidates must fulfill specific educational requirements, gain work experience, and pass the CPA exam. Here's a detailed overview of the CPA requirements in Mississippi:
CPA Exam Requirements
Education Requirements
Credit Requirements: 150 semester units (225 quarter units).
Minimum Degree: Baccalaureate with an accounting concentration and 150 semester units.
Accounting Courses: 24 semester hours (or equivalent quarter hours) in upper-level or graduate-level accounting. This must include 3 hours each in financial accounting, auditing, taxation, management/cost accounting, and government/not-for-profit accounting.
Business Courses: 24 semester hours of upper-level business courses.
Residency Requirements
Citizenship: U.S. Citizenship is not required.
Minimum Age: No specific minimum age requirement.
Residency: Candidate must be a resident, employee, or have an office(s) in the state, except when proctored by another jurisdiction.
State License Requirements
Social Security Requirement
Yes, a Social Security number is required.
Experience Requirements
One year of meaningful experience gained by full-time employment within three years from the date of successful completion of the CPA examination.
Experience must be under the supervision and direction of a CPA licensee and can include accounting and auditing, management advisory, financial advisory, preparation of tax returns, or tax advice.
Ethics Exam
None required for Mississippi.
Note: Candidates must apply for a license within 3 years of passing the exam.
CPA Fees
Initial Application Fee: $150
Examination Fees:
Auditing and Attestation (AUD): $224.99
Business Environment and Concepts (BEC): $224.99
Financial Accounting and Reporting (FAR): $224.99
Regulation (REG): $224.99
Total: $1,049.96
These requirements and procedures are crucial for ensuring the quality and integrity of the accounting profession in Mississippi.