Oklahoma CPE Requirements for CPAs
Continuing professional education is typically the means by which certifying organizations like the AICPA require their members to renew their licenses. Simply put, individuals have to complete a certain number of hours of continuing education within a license recertification period in order to retain their status. But because the requirements actually vary from state to state, licensees need to know the state regulations for their location specifically.
In Oklahoma, licensees are required to renew their licenses every three years, and they must complete at least 20 hours of continuing professional education each year. And overall, they must complete 120 hours of credit during those three years.
|License Renewal Date||CPE Reporting Period||Total CPE Hours||Self-Study Credit Limitations|
|Last day of birth month, annually||January 1 – December 31, triennially-rolling||120 hours||None|
Subject Area Requirements
Licensees in Oklahoma must complete at least 4 hours of Professional Ethics continuing professional education per license renewal period, which can be counted toward the 120-hour requirement. If a CPA’s main area of employment is in industry, they must complete 72 hours minimum in subject areas which are related to the practice of public accounting, taxation or assurance. A minimum of 4 hours per year must be taken in the subject area of compilation engagements (not compilation and review) if the licensee is actively involved in supervising or reviewing compilation engagements for third-party reliance, unless the licensee or their firm is enrolled in an approved peer review program.
Credit Limitations and Calculation
Formal instruction, presenting on relevant topics, is a valid method for obtaining CPE credit in Oklahoma. However, repeated presentations of the same course material will not be accepted unless the subject material has been changed drastically. Instructors, discussion leaders, or speakers will receive CPE credit for the actual preparation time, up to two times the length of the actual presentation.
CPA members who are currently enrolled in college/university courses have the option to claim 15 CPE credits per semester hours or 10 CPE credit hours per quarter hour of university credit. Non-credit university courses are worth 1 CPE hour per qualifying classroom hour at a 1:1 ratio. Instructors of university courses can claim up to 15 CPE credits per college credit hour taught, so long as the preparation for instruction required the individual to maintain or improve their professional competence.
Credit for authorship is available, so long as the written material has been published and relates to instructional or educational topics. This method is limited to 10 hours per calendar year within each recertification cycle.
Structured programs of learning that maintain or increase the professional competence of a CPA, which also increase their ability to deliver public accounting services, can qualify as credit opportunities.
Blended learning credit will be accepted by the Oklahoma Board as long as the credit amount is within the current rounding rules (0.5 credits after the first full hour of credit has been earned).
Self-study credit opportunities must be interactive, and the provider must be approved by NASBA, the AICPA or the Oklahoma Board of Accountancy.
Nano Learning credits are not an approved form of continuing professional education credit for Oklahoma CPAs.
For all approved methods of obtaining CPE credits in Oklahoma, credits can be obtained in half-hour increments once the first full hour has been earned.
Other Policies and Exemptions
CPAs can be considered exempt from the continuing professional education requirements if they:
- Have retired and are not offering their services to any third parties
- Are currently unemployed and are not offering their professional services to third parties
- Have left the workforce (temporarily or permanently) and are not offering their services to third parties
- Have formally listed their AICPA status as “inactive” and do not offer services to third parties
It is also possible for individual members to request waivers for the continuing professional education requirements upon bases similar to the following:
- Complications with health
- Military service
- Extreme natural disaster of a sort which prevents continuing education opportunities (determined by the Board)
- Similar circumstances to those listed above which could keep members from completing their continuing professional education