In order to get a license as a Certified Public Accountant (also known as CPA), there are some requirements that you need to satisfy such as passing the Uniform CPA exam. However, to retain one?s license to practice the profession, some state boards in the United States require CPAs to complete Continuing Professional Education units. The units that they should finish depend on the state where they want to practice the profession. They can take the graduate units online or in traditional schools. To learn more about CPA Continuing Professional Education, let us have a look at the units that the accountants should complete.
In Arizona, individuals who want to retain their license should finish several CPE units. The auditing and accounting units that they should complete include financial forecasting, mortgage lending, fraud detection and the analysis of financial statements. Aside from these, they should complete units on consulting services like asset management, capital budgeting analysis, corporate bonds basic, evaluating financial performance, investment analysis as well as valuations and securities. In addition, they are required to finish units on ethics such as consumer protection, real estate professionals ethics, anti-money laundering, financial professionals ethics and accountants ethics.
Accountants who want to renew their license in California should complete CPE units on accounting and auditing, which include internal control, real estate mathematics, capital management and revenue recognition. When it comes to consulting services, some of the units that they need to finish are advanced estate planning, corporate pension plans, consumer protection law, improving cash flow, investment risk as well as qualified retirement plans. In order to retain their license, it is necessary that they finish units in business management such as employment law, legal environments of business, managing corporate records, proactive supervision, business continuity planning and business conduct practices.
Individuals who like to renew their CPA license in North Carolina should finish graduate units in auditing and accounting such as real estate investments and financing, tools in financial forecasting, rules in revenue recognition, specialized industries GAAP and fraud detection. Aside from these, they need to complete Continuing Professional Education units in consulting services, which include consumer protection law, corporate pension plans, corporate finance for professionals, advanced estate planning, investment policy and risk as well as HR-10 plans. Finally, it is important that they complete units in ethics like the principles of consumer protection and fraud, anti-money laundering as well as ethics for financial professionals, real estate professionals and accountants.