Nebraska CPE Requirements for CPAs
Licensed members of the American Institute of Certified Public Accountants (AICPA) are overseen by state Boards of Accountancy, which helps ensure CPAs local to a specific area comply with the regulations of their state of residence. However, this setup has the potential to create difficulties for the license recertification process, particularly for continuing professional education, which is required for renewal. Since each Board has the ability to set their own stipulations for continuing professional education requirements, CPAs in different states have different requirements, and if individual CPAs don’t know the state regulations for their own location, the license renewal process could become quite confusing.
Nebraska CPAs are required to renew their license every two years, and they must complete 80 hours of continuing professional education per recertification period. The table below further highlights some of the primary recertification details for residents of Nebraska.
|License Renewal Date||CPE Reporting Period||Total CPE Hours||Self-Study Credit Limitations|
|June 30 biennially (odd or even year based on birth year)||January 1 – December 31 biennially (odd or even year based on birth year)||80 hours||Limited to 50% of the maximum credits required|
Subject Area Requirements
It is required for CPAs to take at least 4 hours of continuing professional education dealing with Professional Ethics during each recertification cycle. There are no further subject area requirements.
Credit Limitations and Calculation
Up to 50% of the required credits can be earned through formal instruction of educational material, where credit is equal to presentation plus preparation. Preparation is limited to two times presentation length, and repeat instruction of the same material within the renewal period is not accepted. A maximum of 10 credits may be granted for updating material for previously presented courses.
Active enrollment is a Board-accepted method for earning up to 50% of the cycle requirement, where a semester hour equals 15 CPE credit hours and a quarter hour equals 8 CPE credit hours. Non-credit university courses are worth 1 credit per qualifying classroom hour.
Credit for technical meetings is limited to 16 hours per recertification period, and firm meetings are not an accepted method for obtaining credit unless the program consists of at least 50 minutes of continuous instruction, is conducted by a qualified instructor, and includes an outline of the program with a detailed timeline which was proposed in advance and preserved.
Peer review programs are limited to 50% of the total hours required and must be sponsored by a state board of national or state professional society.
Personal development communications are limited to 16 hours per recertification period.
Authorship of instructional or educational material is a viable method for earning CPE credit so long as the work has been published. This method is limited to 16 hours per recertification period.
Self-study credits are limited to 50% of the total hours required.
Credit amounts for nano-learning programs must meet Nebraska’s current rounding rules in credit calculation. Nano-learning programs will be reported in 50-minute increments, and 50-minute increments must be earned from the same sponsor. These credits are limited to no more than 40 hours during any licensing period.
Credit amounts awarded for blended learning programs must meet Nebraska’s current rounding rules in credit calculation.
Credit will be accepted in half-hour increments after the first full hour of continuing education has been earned.
Other Policies and Exemptions
CPAs are automatically considered exempt and do not have to complete license renewal requirements for the following reasons:
- Retirement, so long as no services are offered to third parties
- Current unemployment, so long as no services are offered to third parties
- Temporary exit of the workforce, so long as no services are offered to third parties
- Formal listing with the AICPA as “inactive”, so long as no services are offered to third parties
Continuing professional education waivers may be requested for members for any of the following reasons:
- Health issues
- Military service or active duty
- Natural disaster
- Similar circumstances which warrant exemption
Additional CPE Resources for CPAs
Article written by Braden Norwood