Introduction

Illinois, with its strong financial services market in Chicago, is an attractive destination for aspiring Certified Public Accountants (CPAs). Understanding the specific requirements for CPA licensure in Illinois is crucial for those aiming to build a long-term career in this field. This guide provides an overview of the CPA exam and licensure requirements in Illinois.

Educational and Professional Requirements

To become eligible for the CPA exam in Illinois, candidates must meet these educational criteria:

• Bachelor’s Degree: A baccalaureate 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 required, with a focus on advanced accounting and business courses.

CPA Exam and Licensing Process

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

• Work Experience: One year of accounting work experience is necessary.

• Ethics Exam: Passing the AICPA Ethics Exam with a score of at least 90% is mandatory in Illinois.

Licensing Fees and Renewal

• Application Fees: The initial application fee for the CPA exam is $120, and each exam section costs $238.15.

• Total Initial Fees: Approximately $1,073.

Residency and Citizenship Requirements

• Residency: Residency in Illinois is not required for CPA licensure.

• Citizenship: U.S. Citizenship is not a prerequisite for becoming a CPA in Illinois.

Continuing Education and Renewal

• CPE Requirements: Illinois CPAs must complete 120 hours of Continuing Professional Education (CPE) every three years, including 4 hours in ethics.

• License Renewal: Renewal occurs every three years by September 30, with a fee of $40 per year.

International CPA Examination Program

• Participation: Illinois participates in the International CPA Examination Program, accommodating international candidates.

Applying for the CPA Exam in Illinois

1. Submit CPA Exam Application and Fees: Apply through the Illinois Board of Examiners (ILBOE), ensuring all required documents and fees are submitted.

2. Work Experience Verification: Obtain verification of your work experience for licensure.

3. Schedule and Pass the CPA Exam: Schedule each section of the CPA exam through Prometric and aim to pass them within the specified timeframe.

Conclusion

Achieving CPA licensure in Illinois involves meeting specific educational requirements, passing the CPA exam, gaining relevant work experience, and adhering to ethics requirements. With its robust corporate environment, Illinois offers an excellent platform for CPAs to grow professionally.