Kentucky CPE Requirements for CPAs
Continuing professional education is a requirement for license recertification with the American Institute of Certified Public Accountants (AICPA) because it is the primary means by which the organization ensures its licensees are appropriately up-to-date on industry standards in order to provide the best service to clients. However, each state has various location-specific requirements, as set by the state Board of Accountancy, meaning CPAs in one jurisdiction likely won’t have the same specific requirements as CPAs in another. Because of this, it is vital for licensees to become familiar with their specific state regulations, so as to keep from becoming confused and frustrated during the license renewal process.
CPAs who live in Kentucky are required to renew their license every two years, and must complete 60-80 hours of continuing professional education during that time, depending on the following factors:
- 80 hours if the CPA worked 3,000 hours or more in a public accounting firm
- 60 hours if the CPA worked less than 3,000 hours in a public accounting firm
- 60 hours if the CPA is employed in industry, education or government
The table below details several of the primary CPE requirements for CPAs in Kentucky.
|License Renewal Date||CPE Reporting Period||Total CPE Hours||Self-Study Credit Limitations|
|August 1 (even license number = even years; odd license number = odd years)||January 1 – December 31 biennially (even license number = even years; odd license number = odd years)||60-80 hours (depending on above factors)||None|
Subject Area Requirements
The Kentucky Board of Accountancy requires that 2 of the 60-80 hours of continuing professional education must be in Professional Ethics. There are no further subject area requirements for CPAs in Kentucky. However, there are certain subject areas which are not permitted for CPE credit: Behavioral Ethics, Personnel/HR, Personal Development, Production and Social Environment of Business.
Credit Limitations and Calculation
In the state of Kentucky, CPAs can obtain up to 60% of their required CPE hours through formal instruction or presentation. However, repetitious presentations of the same material are not allowed for credit. Instructors are allowed 1 hour for each contact hour and up to two times the actual class time for preparation.
Authoring and publishing educational or instructional material is a viable source of CPE credit for CPAs in Kentucky. The maximum credit allowed for authoring and publishing articles or books is 25% of the total required amount per recertification period.
In order to receive CPE credit through self-study methods, a course must be at least 1 CPE hour (50 minutes) in length; however, credit shall be awarded for courses which are less than 50 minutes in length, so long as they are part of a designated CPE program where at least one 50-minute credit is also being offered.
Other Policies and Exemptions
Providers are not required to be members of the National Registry nor do they have to register with the Kentucky State Board of Accountancy.
If a licensee’s principal place of business is located in another state, they may satisfy the CPE requirements in Kentucky by indicating that they are meeting the requirements in the state in which their principal place of business is located. If the state in which their principal office is located has no CPE requirement for renewal, they must comply with all CPE requirements for renewal of the license in Kansas.
CPAs who are in any of the following categories are fully exempt from the continuing professional education requirements for license renewal, so long as the yare not currently offering any of their services to any parties:
- Members who are currently unemployed
- Members who have temporarily left the workforce
- Members who have formally listed their status as “inactive”
Members may also request waivers (as approved by the Board) for the continuing professional education requirements for any given recertification period for reasons of:
- Military service
- Natural disaster
- Other extenuating circumstances
Additional CPE Resources for CPAs
Article written by Braden Norwood