Help with interstate CPA license dilemma (NH to NY)

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  • #160424
    alexio senchez
    Participant

    Hi Everyone!

    I recently moved to NY from NH. I am at a point right now where I am ready to begin studying for my CPA exam. Here’s my issue: In NH I meet the requirements to get certified (120 credit hours) whereas in NY I do not meet the minimum requirements (150 credit hours).

    I plan to stay and work in NY. But I do not plan to go back to school just to build up my credit hours in order to qualify for NY’s CPA requirements.

    With that being said, I have several questions if you’ll be so kind to answer.

    1. I have a CFE. Does this count towards any credit hours as far as NY State is concerned?

    2. If, for example, I get a job at a NY CPA firm, will my NH CPA be any worth to them? Do employers really care which state their employees hold their CPA certification from?

    3. If I happen to obtain a federal job in NY, will it matter that my CPA license is out of state?

    4. Once I’m a CPA, I will have an opportunity to provide CPA services to small business in my area. Will I be able to do this in NY with a NH CPA license?

    Thank you for taking the time to read this. Any help and advice is greatly appreciated!

    Alex

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  • #282861
    jelly
    Participant

    1) Don't know. I suspect no.

    2) Not really. There's a possible impression, implication and marketing issue. There could be a problem if the firm advertises you as a CPA to a NY-based client and the work is done in NY; otherwise if they say nothing and the work is done in NY, it's fine. It's a possible marketing problem if the NY client thinks you are a NY CPA and decides to look you up through NY's online verification – https://www.op.nysed.gov/opsearches.htm

    3) I can't imagine that it would. A lot of fed work is not really practicing public accounting.

    4) Depends on what you do. If you practice, in the sense that you sign letters for reviews and audit services for work done in NY, that could be an issue.

    Count up your NH education credits. I was grandfathered under NY's 120, and used 150 b/c I was having an issue with the experience requirement. I figured out that:

    120 = 54 liberal arts credits + 66 business/accounting/economics credits

    150 = 81 liberal arts credits + 69 business/accounting/economics credits

    The only difference in the 30 credits = 3 credits in business/accounting/economics credits + 27 credits in fluff.

    Couldn't pass again!

Viewing 1 replies (of 1 total)
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