[Anonymous]

Hey everyone,

I wanted to see if anyone can refute this/ see any downside with my plan as of now.

Basically, as I understand it and depending on what is in your own best self interest, you can get licensed in a different state and practice in your home state as long as those states are on the list of states with Reciprocity Agreements. Some of those states have more stringent requirements.Currently, for example, I live in Nebraska and I am wanting to apply for my CPA license. However, I am not even positive if I want to practice in Nebraska or will even stay here after I graduate. Instead, I am planning on applying for the Virginia CPA because it requires only 24 educational credit hours and NO work experience directly under a CPA. This is perfect for my situation as I have 2 years of work experience in Finance on a trade floor and 1 year doing Accounting; however, my manager had let her CPA lapse, so I don’t have experience under a CPA. Yet, I am still doing Journal entries and general reconciliation work.

According to the NBPA of Nebraska,I can practice with a VA license and just notate that under my signature and after 4 years of practice they will let you convert it to the State of Nebraska, if that ends up being where I practice.I also called the State of Washington CPA board- I am considering moving there- and they stated since VA is a substantially equivalent state I just would have to apply for a license in Washington.

Does anyone see a downside to this? It potentially saves me multiple years of work experience under a CPA to get a license AND an extra semesters worth of classes, around 3k worth.