[superking]

I hold a Bachelor of sciences in Business Administration(140 credit) . I’m a Pennsylvania candidate for the CPA exam. I’m considering transferring my credits to Delaware once I pass all 4 sections.

n

1.) I want to get your opinion on whether or not my current work experience meets the requirement in Delaware.

n

2.) My immediate supervisor is not a CPA, however his supervisor(CFO) or accounting managers I work with have CPA, whether or not they can sign off my my form?

n

Thanks! I really appreciate for your input.

n

Experience listed below

n

Prior role-Corporate Accounting Associate-1 year, included the following responsibilities
n *Statements of Cash Flow Consolidation/preparation/review
n *Corporate Inter-company reconciliations
n *B/S Flux Analysis

n

Business Planning & Financial Analysis Group- current, included the following responsibilities
n *Financial Statement variance Analysis
n *Reconciliation of press release supports with the Financial Statement
n *budgeting, forecasting, reportingn

n

[Anonymous]

Stacy,

n

How is the Board of PA giving you the runaround? I saw that you ahve 3 years of audit experience. Can you give us some more details as to why they're giving you a hard time.n

n

[Anonymous]

Hey CouldPassAgain,
n I never received anything from the PA State Board when I passed in February and I had no clue what I had to do. So around April I started calling them to find out why I didn't receive any information and what forms I had to submit. I did that for about a month…they told me I had to speak to this person, I constantly got put on hold and was getting no where. Found a link on this website which told me the form to fill out. Now as far as the experience goes, I work at KPMG in Barbados and I am not sure if they are going to accept the one my Supervisor filled out (who is a CPA) because I haven't heard anything back from them and its not November. In my opinion, this seems just as stressful as when I was studying for the exams.n

n

[Anonymous]

Stacy,

n

If you have 3 years of audit experience under a CPA, you should be ok. I wouldn't worry about it. How long has it been since you sent in your application?n

n

[superking]

I need 2 years of experience(for Delaware) listed…

•Engagements resulting in the preparation and issuance of financial statements,

including appropriate footnote disclosures, and prepared in accordance with

generally accepted accounting principles or other comprehensive bases of

accounting as defined in the standards established by the American Institute of

Certified Public Accountants. “Standards” shall include generally accepted

auditing standards and/or Statements on Standards for Accounting and Review

Services (SSARS), appropriate to the level of engagement. “Standards” shall

include generally accepted auditing standards and/or Statements on Standards

for Accounting and Review Services (SSARS), appropriate to the level of

engagement.

Experience in internal audit may be used in lieu of or in addition to the

experience above.

[Anonymous]

I am also a PA candidate in the same circumstance. I have over 3 years of experience in internal audit. One of the requirements in PA is for you to have at least 800 hours of attest experience (which I do). But my immediate supervisor was not a CPA, but a higher up reviewer was a CPA. I know of someone who had the office managing partner at a big 4 sign off on the experience and they supervise over 1000+ people. There's no way they can be the immediate supervisor of the person who got their form signed. So I don't think the “immediate” supervisor issue would be an issue for you. But I think you need some audit experience in there.

[superking]

CouldPassAgain , I'm trying to see if there is anyway I can bypass the audit hours…hence for the Delaware license.

If not, I'm going to Community College to take 10 credits hours, to get up to 150 hours requirement and apply for Illinois or Colorado.

[Anonymous]

If you are a PA candidate and working in PA wouldn't you want to be licensed in PA not Delaware or Illinois? Or doesn't it matter?

[Anonymous]

Well you could get licensed in another state and then apply for you license in your current state if your licensed state meets the requirements of your current state.

[Anonymous]

Superking,

I dont' know if you can bypass it. I read the PA laws. And even if you have the 150 hours or a Masters, you still need 400 hours of attest experience. I talked to some lady at the Board of Accountancy and she was telling me your experience verifier needs to be your immediate supervisor. But I think that can be misleading. I think it can be anyone who is responsible for your work.

[Anonymous]

CouldPassAgain:

Right I understand what you are saing but my interpretation of “superking's” question is that he is taking the exam in PA and working in PA(??) but wants to get licensed in another state because he doesn't have the required experience (i.e. attest hours) to get licensed in PA. Are there any issues with someone working in PA but having a license in another state? OR does holding a license in one state (Delaware) and working in a different state (PA) not matter? Are there cons to this??

Just some thoughts.

[superking]

car16015- Yes, PA license would be nice, but I lack the audit hours(400 or 800).

The way I see it is,

PA CPA license matter

1) Practice public accounting in PA

2) Open your own firm

3) Sign off on the audit paper

#2 and #3 is very unlikely, but #1 is a potential.

I'm getting CPA more of as a credential in the futre. I was just in the job market couple months ago, it seems like most employers prefer

1) public accounting experience particularly at the big four

#2 mba or cpa license(or candidate)

So for me, CPA is more of credential that will open more doors, I don't think matters which state I get it at? What you guys think?

Currently I'm a Business planning & financial analyst…

[superking]

CouldPassAgain- by pass it, I mean obtaining CPA in another state such as Illinois, Colorado, or New York? yes, you would still need the 400 audit hours if you have 150 credits.

car16015- I don't see any cons, unless you practice public accounting/sign off audit paper/ open your own firm.

My previous supervisor was CA CPA, her supervisor was South Africa Chartered Accountant I think(industry). During one of my interviews, this accounting manager, he was a Illinois CPA, and he was encouraging one of his staff to get CPA from Delaware(because being in the industry it is a bit hard to get 400 or 800 hours in PA unless you do a rotation).

[superking]

I found the state to obtain license.

Colorado

Old rule was

120+ credit with 1 year of public accounting/internal audit

or 150+ credit with no experience needed

New Rule- Effective October 30, 2010

120+ credit with 1 year of any relevant experience(financial advisory, mgmt consulting, tax, audit/accounting, )

or 150+ credit with no experience needed

https://cscpa.wordpress.com/2010/07/02/

July 2, 2010 — cscpa

On July 1, 2010 the Colorado State Board of Accountancy adopted emergency rules to implement the new experience requirement as passed by the Colorado General Assembly and signed by Gov. Bill Ritter, April 21. The emergency rules will be in effect for 120 days – through October 29, 2010. The State Board will hold a regular public rule-making hearing, probably in early September, to consider permanent rules which would go into effect after October 29, 2010. The public is invited to participate in the rule-making process through submission of written comments and testimony at the hearing. For information on the proposed permanent rules and the scheduled rule-making hearing, go to the State Board Web site. Details should be posted by mid-August.

The major change in the experience requirement: a candidate may gain experience by working in public accounting, industry, education, or government. The rule that industry experience be “independent” has been repealed. .As soon as the new rules are available, they’ll be posted at here. In the meantime, Colorado CPA candidates are encouraged to wait for the new application to be available as it will incorporate all the changes necessary to conform with the new rules. We expect that new application to be in place in August.

[Anonymous]

Hey Superking! I am in the same situation as you. I registered to take all four exams in PA and now that I have passed my exam I am having problems with the Verification of Experience. I worked as a Tax Associate at KPMG in Phildelphia and transferred to Barbados where I have worked for 3 years as an Auditor and I am starting to get the run around with the Board to obtain my license. So how would I apply for licensure in Illinois? What papers would I have to fill out? I just want to put those initials behind my last name so if I want to apply for other jobs I would be licensed. This seems like more stress than taking the actual exams!

[superking]

Stacy – I have not begun the process yet(still waiting for my last section). If you worked as a auditor? Shouldn't your experience be counted for PA? If you're planning to stay in Public Accounting in PA, I think its best to get your license in the state you plan working..

You need to transfer your exam credit to Colorado or Illinois. Also need to take an ethics exam if you haven't done so.

Also send your transcripts to that state.. and start filling out their application…

[Author]

Replies