GAAS credits for CPA License

Viewing 6 posts - 1 through 6 (of 6 total)
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  • #3305176
    Jui
    Participant

    Hello All,

    I have cleared my CPA exams in 2018. I moved to COlorado State which requires me to get GAAS credits for applying for my license. Can anyone please help me find the correct institution for the same?

    Thanks
    Jui Buch

    AUD - 76
    BEC - 80
    FAR - 78
    REG - 83
    Never give up
    #3305191
    monikernc
    Participant

    See my response in other CO post.

    AUD - 93
    BEC - 82
    FAR - 76
    REG - 88
    How have you been?
    Ninja book and MCQs and the forum, all first try! 2016
    Licensed State of Montana April Fool’s Day 2020
    State of Colorado June 2020 - AICPA Ethics 93
    Experience was the worst part of the journey for me. You?
    If you want things to change you have to do something different.
    #3305714
    Jui
    Participant

    Hello Monikern,

    Can you please tell me whether I need to take two auditing class or one .
    A study of generally accepted auditing standards. Specific focus is placed on concepts of the auditing function for financial audits, professional standards that guide audit performance, and processes and formal procedures used to plan, perform, and complete an audit. Prer., ACCT 3010, ACCT 3020, and ACCT 3110 with a grade of “C-” or better, or equivalent coursework; MSA, MBA, or graduate Accounting Certificate students only. Meets with ACCT 4600. I took this class Springs 2021 for my GAAS deficient classes. But my University in Colorado Springs says I need to take 2 classes, one above and other one below ACCT 6620

    Study of advanced theoretical and practical issues in auditing. Specific focus is placed on the application of auditing resources commonly used in practice. The course emphasizes case analysis, research, individual and team presentations, and classroom discussion. Prer., ACCT 4600 or ACCT 6600. Meets with ACCT 4620. Graduate business students only.

    I have been instructed to complete both the courses above.

    I am yet to give the Ethics Exams .
    Do you suggest I should apply for the license ? or wait for the completing of Ethics Exam before applying for the license.

    Can you please guide ?
    Thanks
    Jui Buch

    AUD - 76
    BEC - 80
    FAR - 78
    REG - 83
    Never give up
    #3305735
    monikernc
    Participant

    I don't know because I decided not to conform to CO licensing requirements. I went with Montana first and then applied to CO. I couldn't figure out a way to get that CO Audit class without enrolling in a CO college and didn't want that expense.

    NASBA handles the licensing for CO – reach out to them. They will know for sure. So will the CO Board of Accountancy.

    AUD - 93
    BEC - 82
    FAR - 76
    REG - 88
    How have you been?
    Ninja book and MCQs and the forum, all first try! 2016
    Licensed State of Montana April Fool’s Day 2020
    State of Colorado June 2020 - AICPA Ethics 93
    Experience was the worst part of the journey for me. You?
    If you want things to change you have to do something different.
    #3305738
    monikernc
    Participant

    Go to NASBA Licensing for CO. I can't post a link to it on here but you are smart and can find it. The education requirements are clearly stated. 6 hours of auditing with 3 hours being US GAAS. You also need 3 hours of accounting ethics. I have no idea where to get those. So, again, I got licensed in Montana first, then applied back through NASBA for a Colorado license. Took extra time and some money but a lot cheaper than paying for those courses.

    AUD - 93
    BEC - 82
    FAR - 76
    REG - 88
    How have you been?
    Ninja book and MCQs and the forum, all first try! 2016
    Licensed State of Montana April Fool’s Day 2020
    State of Colorado June 2020 - AICPA Ethics 93
    Experience was the worst part of the journey for me. You?
    If you want things to change you have to do something different.
    #3305741
    monikernc
    Participant

    The ethics exam is different than the ethics education requirement. Colorado requires both a 3 semester hour class in ethics as an education requirement. It also requires the AICPA Professional Ethics exam plus the Colorado Rules and Regs class.

    AUD - 93
    BEC - 82
    FAR - 76
    REG - 88
    How have you been?
    Ninja book and MCQs and the forum, all first try! 2016
    Licensed State of Montana April Fool’s Day 2020
    State of Colorado June 2020 - AICPA Ethics 93
    Experience was the worst part of the journey for me. You?
    If you want things to change you have to do something different.
Viewing 6 posts - 1 through 6 (of 6 total)
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