CPE Requirements for CPAs in Louisiana
Continuing professional education (CPA) is, for members of the American Institute of Certified Public Accountants (AICPA), the bedrock upon which their licensure is built and maintained — it’s a foundation that holds up the walls of a CPA’s professional career by ensuring they remain up-to-date with industry standards and conditions. However, not all CPAs have the same state requirements when it comes to license recertification requirements and continuing professional education. Since each state is governed and regulated by a Board of Accountancy specific to that location, the stipulations vary from place to place. Members who are registered in Louisiana are required to renew their license yearly, and must complete at least 20 hours of CPE per year and 80 hours every two years. The table below points out some of the primary deadlines and requirements for CPAs in Louisiana.
Louisiana CPA CPE Requirements and Recertification Deadlines
|License Renewal Date||CPE Reporting Period||Total CPE Hours||Self-Study Credit Limitations|
|December 31 annually||January 1 – December 31 annually||80 hours||Must be interactive|
Subject Area Requirements
In the state of Louisiana, each licensee who must meet continuing professional education requirements as mandated by the Board is also required to complete a course in professional ethics, the contents of which must be pre-approved by the Board. The requirement is typically for 3 CPE credit hours.
CPE certificate holders who participate in attest engagements during the calendar year are also required to complete no less than 8 hours in the subjects of Accounting and Auditing during the calendar year. This includes being responsible for performing substantial portions of the procedures or being responsible for planning, directing or reporting on attest engagement. Persons who plan, direct and report generally include the in-charge accountant, supervisor or manager, and the firm partner who signs or authorizes someone to sign the attest engagement report on behalf of the firm.
Credit Limitations and Calculation
Licensed CPAs in Louisiana who offer instruction through means of presentation or lecture can earn up to 20 CPE hours by doing so each recertification period, though repeat instructions without substantial revisions are prohibited from earning further credit. Here, credit is equal to presentation plus preparation. Preparation is limited to two times presentation length.
Furthermore, licensees who are active participants in courses at an accredited college or university can claim up to 15 hours of CPE credit per semester hour completed, or if the individual is taking a quarter-year course, up to 10 CPE hours per quarter hour successfully completed. Audit hours are worth 1 CPE credit hour.
Personal development courses are a viable means of obtaining CPE credit, though this method is limited to 20 hours per year.
Credit can be obtained for authoring and subsequently publishing instructional or educational material and is limited to 10 hours per calendar year. Credit for writing published articles, books and CPE programs will be awarded in an amount to be determined by a Board representative.
Only self-study which is interactive in nature will be approved for CPE credit. Half credits are accepted prior to earning the first full hour. However, for all other methods of continuing professional education, half-hour credits cannot be obtained until the first full hour has been earned.
Credit may be allowed for successful completion of exams such as the CMA, CISA and CFP at 5 credits per exam hour passed but is limited to 20 hours per calendar year.
Magazine and reference material readings and tests do not qualify for CPE credits.
Other Policies and Exemptions
CPAs are automatically exempt from license renewal requirements so long as they are not offering their services to any parties and belong to one of the following categories:
- Retired persons
- Unemployed persons
- Persons who have temporarily left the workforce
- Formally listed “inactive” persons
Waivers can be requested by any individual for exemption status based on the following reasons:
- Issues and/or complications with health
- Military service
- Natural disasters or pandemics of an extreme level (as determined by the Board)
- Any similar situation which could prevent a CPA from completing recertification requirements
Additional CPE Resources for CPAs
Article written by Braden Norwood