In the ever-evolving field of accounting, earning a Certified Public Accountant (CPA) designation stands as a hallmark of expertise and professionalism. Missouri, like other states, has specific requirements that aspiring CPAs must meet. This comprehensive guide delves into the essential steps and prerequisites for obtaining a CPA license in Missouri.

Educational Prerequisites

A robust educational foundation is crucial for CPA candidates in Missouri. The state mandates the completion of 150 semester units, including a bachelor's degree or higher from a regionally accredited institution with a focus on accounting. The coursework should encompass:

• 48 semester hours in accounting and related subjects

• At least 24 semester hours in advanced accounting, including an auditing course

• 27 semester hours in business administration disciplines

Candidates must fulfill these requirements before June 30 to be eligible for the CPA license application.

 Work Experience

Practical experience forms a cornerstone of the CPA qualification process. Missouri requires candidates to complete 2,000 hours of relevant experience within 1 to 3 years under the supervision of a licensed CPA. This experience can be gained in various fields like accounting, attestation, financial advisory, and auditing.

Ethics Examination

Missouri mandates an ethics exam in addition to the CPA Exam. The American Institute of Certified Public Accountants (AICPA) provides an 11-hour self-study ethics course culminating in an open-book exam. A passing score of 90 is required.

International Examination Program

Missouri participates in the International CPA Examination Program, facilitating non-U.S. candidates in taking the CPA Exam. This program is administered by the National Association of State Boards of Accountancy (NASBA).

Additional Requirements

Applicants must meet the following additional criteria:

• Social Security Number: Required for CPA license applications in Missouri.

• Age, Citizenship, and Residency: Applicants must be at least 21 years old and Missouri residents. U.S. citizenship is not a prerequisite.

• Good Moral Character: Applicants must demonstrate good moral character.

Licensing Costs

The cost structure for obtaining a CPA license in Missouri includes:

• Initial Application Fee: $280.00

• Examination Fees: $238.15 per section

• Individual License to Practice Fee: Approximately $90.00

• License Renewal Fee: About $80.00

Continuing Education

CPAs in Missouri are required to undergo Continuing Professional Education (CPE) to maintain their licensure. The state requires 40 hours of CPE annually, including at least 2 hours in ethics. A grace period from January 1 to March 1 is provided for completing these requirements, and licensees must retain proof of CPE for a minimum of five years.

Conclusion

Becoming a CPA in Missouri demands dedication, perseverance, and a commitment to ongoing learning. With the outlined prerequisites, aspiring CPAs can navigate the path towards obtaining and maintaining their licensure in Missouri, paving the way for a successful career in the dynamic world of accounting.