CNMI CPE Requirements for CPAs
Continuing professional education is a commonly-required method for maintaining licensed membership with an organization or accrediting body that certifies business professionals, because it helps ensure individual members remain knowledgeable and on-par with industry standards. A prime example is the American Institute of Certified Public Accountants (AICPA), which generally requires their members to acquire 120 hours of CPE credit every three years. However, since each state and territory is governed by a Board of Accountancy, and the state requirements are dictated by that Board, the regional stipulations break down the overall requirements quite differently.
It is important for licensees to stay aware of the requirements for their location, so there is as little confusion or frustration as possible during the recertification process. Members of the American Institute of Certified Public Accountants who are located in the Commonwealth of the Northern Mariana Islands (CNMI) are required to renew their license every three years, and must complete 120 hours of continuing professional education per recertification period with a 20 per-year minimum. The table below highlights the primary recertification limitations and deadlines for CNMI.
|License Renewal Date||CPE Reporting Period||Total CPE Hours||Self-Study Credit Limitations|
|December 31, triennially||January 1 – December 31 triennially||120 hours||None|
Subject Area Requirements
During each three-year recertification cycle, licensees must take at least 4 hours of Professional Ethics courses. Providers offering ethics courses must register with the Board and/or have their content approved by the Board. If possible, CNMI ethics must be taken on-location in CNMI. Until there is a regularly scheduled course, this requirement may be met in any other place by another 4-hour accounting ethics or 4-hour business ethics course.
Credit Limitations and Calculation
There is no described limit on self-study credit courses.
Other Policies and Exemptions
Non-residents demonstrating compliance with the CPE requirements of the state in which the licensee’s principal office is located shall be deemed to be in compliance with CNMI CPE requirements.
Additional CPE Resources for CPAs
Article written by Braden Norwood