[Kenada]

Hello,

I am wondering if someone can help me understand this change better. I am currently a California state CPA exam applicant and still have to complete all four parts of the CPA exams. I had some questions in regards to the change the will happen in Dec 2013.

At the moment I would qualify to obtain the licence if I finish all the exams before Dec 2013 through the path one approach. which is i don’t need 150 semester hours. This is for the California State.

My first question : –

After Dec 2013, I understand I would need to have the 150 Semester hours.

I believe at the moment I have 90.73 credit hours (I think that means I have 90.37 semester hours) from my foreign evaluation that was sent to the CPA board. I honestly am not sure if that is the case and the exact remaining semester hours I would need to complete under the upcoming new rules.

From what I have read to I would need to complete the following additional 10 semester hours in ethics, 20 semester hours in Accounting studies. So that would be 30 more added to my current 90. Making me short by 30 semester hours to met the minimum 150.

Does that means the 30 remaining semester hours can be in any other subject that is not business or accounting related?

My next question is

Also assuming I finish all my CPA exams ( passed four parts ) some time after Jan 2014. Do the CPA exams completion expire? Is there a time limit on how long I have to complete 60 semester hours?

My concern is assuming I am not fortunate to complete all the exams by the end of Dec 2013 deadline and i managed to do them by 2014, I would then work on getting the semester hours requirements but I am wondering if there is a time limit on how long the exams themselves stay valid?

Thanking you in advance and appreciate your time taken in reading the Topic post.

FAR 05/27/14; 786/110 - Done !

[Anonymous]

You may be grandfathered in if you sit for one of the exams before December 2013.

[Kenada]

After going round and round with the CPA California board and some local universities I finally have got some answers and will share it here in case there is any one else in my boat.

1. For the state of California – the Dec 2013 change only applies to those applying for the license and not those taking the exams.

That means if you have 24 credits in account and 24 in business they will still let you sit the exams. Same window rule of 18 months to pass the rest after you pass one.

2. When you have passed all four parts in the 18 months, they will never expire in the state of California. Some other states have different rules but as far as California is concerned you have passed them all and do not need to re-do them.

2. The 150 Semester hours requirement only applies to the License.

24 In Accounting

24 in Business

20 in Accounting studies

10 in Ethics.

The balance can be in any other subject area.

3. California CPA said for those studies that know they are deficient but are unsure in what areas, they can pretend to apply for a license and the board will then send them a letter detailing out what they are lacking to get the License. ( this is great for someone like me that has done her undergrad in the UK)

4. California CPA also said they are working on releasing a self-evaluation tool for applicants to use in evaluating their education.

Hope this helps anyone else that was concerned about the change happening in Dec 2013.

Cheers,

FAR 05/27/14; 786/110 - Done !

[littlenumberrobot]

@insiyah24

Really? They said we can do #3???? I have emailed them and they only said they would not look at my transcripts until I apply for licensing…… as for #4 that won't happen in time. They have know about these changes for a long time they had chances to do this year. I have been obssessed with the change for 2 years now. I have 150 units, but not sure if they will accept them. Will applying for license hurt our chances of being licensed in real life?

CA CPA - All because of the journey listed below
-----------------------------------------------------------------------
FAR - 53('10), 8/25/12 79 PASSED!
REG - 66('11), 69('12), 12/06/12 77 PASSED!!
BEC - 58('10), 74('12), 01/05/13 77 PASSED!!!
AUD - 43('11), 66('12), 69('13), 74('13) 7/29/13 85 PASSED!!!!!

(Combinations of Roger, Yaeger, Wiley Book, Wiley TB, & NINJA Notes)

Ethics 90%

[Kenada]

Yes you can do Step 3 once you are ready to apply for the License. That is when they will tell you if you are deficient and where you are lacking.

But of course you need to pass all the CPA exams and Ethics etc then apply for the license.

Then you find out your deficient or not LOL.. Just feels silly that there isn't way they can tell you up front what your are missing instead of going back and forth.

FAR 05/27/14; 786/110 - Done !

[jd02]

Is number 1 true? If you have passed 1 exam before December 2013 you still have a chance to pass the other 3 in 2014 and not be subject to the new education requirements if you pass all three within the 18 month window?

FAR - 77 (Expired) Retake - 81
AUD - 92 (Expired)
BEC - 80
REG -

[Kenada]

No.

Step 1. If you don't pass by Dec 2013 – you are stuck with having to meet the 150 Semester Hr rule. That is a given.

What i meant to say is it doesn't stop you from still taking the CPA exams. You can still do them. Pass them and once you have passed you never have to take the CPA exams again. No matter how long you then work together obtaining the balance of your 150 Semester hour GAP.

This is what I will do if I don't make it by Dec 2013. I pray that I pass as really do not want to have a huge bill to obtain 40 semester hours to bridge the GAP I currently have….

1.I am going to work to pass all CPA exams.

2.I will do my Ethic's exam and then apply for the license. I know I will be declined but I will then get their detailed report saying what I need to obtain so I can get the license.

3. Look for the University or College and specifically ensure the courses they have will be accepted by the CA Board.

Therefore I would make sure :-

a, I getting the credits to bridge the GAP I have.

b, I am getting the credits that the California Board will accept. – Because they are going to be very fussy about it.

No point going out there doing some 40 credits and assuming its okay only to get declined for the license because you are still “deficient” per their requirements.

FAR 05/27/14; 786/110 - Done !

[littlenumberrobot]

FYI – CA'ers there is legislation in the works right now that would allow you to pass the exam by 12/31/13 and still be able to get licensed under current pathways. So keep up with the CBA news also. I'd get on their emailing list if you are not already.

https://www.dca.ca.gov/cba/misc_notices/2013/not13-06.pdf

CA CPA - All because of the journey listed below
-----------------------------------------------------------------------
FAR - 53('10), 8/25/12 79 PASSED!
REG - 66('11), 69('12), 12/06/12 77 PASSED!!
BEC - 58('10), 74('12), 01/05/13 77 PASSED!!!
AUD - 43('11), 66('12), 69('13), 74('13) 7/29/13 85 PASSED!!!!!

(Combinations of Roger, Yaeger, Wiley Book, Wiley TB, & NINJA Notes)

Ethics 90%

[Liss, Master of Coin]

Thanks for posting the notice littlenumberrobot.

Can I ask, where do you subscribe to the mailing list? Sorry I can't find it.

CPA (MA, Non-Reporting)

The difference in winning & losing is most often, not quitting - Walt Disney

B - 33, 71, 79!
A - 32, 61, 70, 83!
R - 33, 58, 73, 69, 81!
F - 47, 78! 🙂
After 3 long years, I'm finally DONE!
I could not have done it without NINJA MCQs.

Used: Roger for his Videos, WTB, and NINJA Audio, Notes and Test Bank.

[littlenumberrobot]

Sure no problem. It's the link “email subscription” on this page

https://www.dca.ca.gov/cba/board_info/new.shtml

CA CPA - All because of the journey listed below
-----------------------------------------------------------------------
FAR - 53('10), 8/25/12 79 PASSED!
REG - 66('11), 69('12), 12/06/12 77 PASSED!!
BEC - 58('10), 74('12), 01/05/13 77 PASSED!!!
AUD - 43('11), 66('12), 69('13), 74('13) 7/29/13 85 PASSED!!!!!

(Combinations of Roger, Yaeger, Wiley Book, Wiley TB, & NINJA Notes)

Ethics 90%

[Author]

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