Wyoming CPE Requirements for CPAs
Continuing professional education is an inescapable part of life for members of prestigious organizations like the American Institute of Certified Public Accountants (AICPA), but that doesn’t mean it’s an easy process. Of course, issues like time and money play a central role in the difficulty of CPE, but it’s safe to say that confusion can also creep in if licensed CPAs aren’t careful to understand the stipulations required of them. Since each individual state is governed by its own Board of Accountancy, the actual rules and regulations for continuing professional education change based on location, so CPAs need to be careful in understanding their state’s requirements, lest they fail to fully comply with the Board’s CPE standards.
In the state of Wyoming, certified public accountants are required to renew their license every three years, and within that time, must complete 120 hours of continuing professional education. The table below highlights some of the primary requirements for CPAs in Wyoming.
|License Renewal Date||CPE Reporting Period||Total CPE Hours||Self-Study Credit Limitations|
|December 31 annually||January 1 – December 31 over a rolling, three-year period||120 hours||None|
Subject Area Requirements
For each three-year recertification period, 4 of the required 120 hours of continuing professional education must be from a Board-approved course on Professional Ethics. New licensees must take a Board-approved course on the provisions of the Wyoming CPA Act and Wyoming Rules and Regulations within six months of the date of the initial permit.
CPAs must also take 80 hours per recertification period in Code A subjects.
Credit Limitations and Calculation
In the state of Wyoming, CPAs who instruct or present pertinent information to the Accounting profession in a formal setting can obtain up to 50% of their total required credit hours, with the understanding that credit is equal to three times the presentation time. No further credit will be offered for repeated instances of instruction of the same material.
Licensees who are enrolled and participating in college or university courses can claim CPE credit hours, up to 15 CPE hours per semester hour of 10 CPE hours per quarter hour. However, courses taken to fulfill the initial requirements for reception of a baccalaureate degree are not countable toward meeting CPE requirements.
It is possible to earn CPE credit by authoring and subsequently publishing instructional or educational material relating to the Accounting profession, with the understanding that the maximum credit available for books and/or articles is 25% (30 hours) of the total requirement. Furthermore, a provided copy of the publication must be made available to the Board for review.
Independent study is a Board-accepted method under a qualified sponsor/provider who has met the applicable program standards. This method is limited to 12 hours of CPE credit in any renewal period.
There are no announced requirements or limitations for self-study credit opportunities.
Credit can be obtained in half-hour increments once the first full hour of CPE has been completed.
Other Policies and Exemptions
A non-resident licensee seeking renewal of a license in the state of Wyoming shall meet the CPE requirement of this rule by meeting the CPE requirements for renewal of a license of the state in which the individual’s principal office is located. The principal place of business state must have a 4-hour ethics requirement. The ethics course in the state of principal place of business must also cover state-specific statues and rules. If the state of the principal place of business has no CPE requirement for renewal of a license or lacks the necessary ethics requirement, the non-resident licensee must comply with all CPE requirements for renewal of a license in Wyoming.
CPAs in any of the following categories will automatically be excepted from AICPA license renewal requirements:
- Retirees not offering services to third parties
- Unemployed members not offering services to third parties
- Licensees who have temporarily left the workforce not offering services to third parties
- Formally “inactive” members not offering services to third parties
It is also possible for active members of the AICPA to request waivers for the following reasons:
- Health complications
- Matters relating to military service
- Extreme natural disaster
- Other similar circumstances preventing a licensee from accomplishing their CPE goals
Additional CPE Resources for CPAs
Article written by Braden Norwood