The CPA firm that I work for has a person who was a certified public accountant that went to work for a private company. During that time they did not keep up with the cpe requirements of their membership. Is this person still considered a CPA? If not what must they do to get reinstated ?
Thanks
2006-12-11 03:21:21 · 3 answers · asked by sparklinbluey 1 in Business & Finance ➔ Careers & Employment
Once you pass the CPA exam, you are a CPA for life and can hold yourself out as a CPA to the public. No one can take it away from you.
If you wish to provide accounting or tax services to the general public as a CPA, you must maintain a minimum level of professional eductation hours each year AND obtain a licensefrom the state you are practicing in.
If you wish to provide accounting or tax services to a private company as an employee, you do not need to obtain any additional professional education each year. You can, however, continue to represent yourself as a CPA within your firm and industry.
The individual you reference will have to obtain the required level of CPE before he can obtain his license to practice. If, however, the person you reference is not signing off on financial statements or tax returns, no license will be necessary. Generally, this function is performed by partners at a CPA firm, but yours may be different.
2006-12-14 15:17:58 · answer #1 · answered by Philip S 2 · 0⤊ 0⤋
No, this person cannot be considered a CPA anymore. To be reinstated, they need to contact the state board of accountancy in their state to find out what they need to do. Most likely, they would just need to pay their AICPA dues and get caught up on their CPE requirements.
2006-12-11 03:24:47 · answer #2 · answered by jseah114 6 · 1⤊ 0⤋
huh?
2006-12-11 03:23:06 · answer #3 · answered by Me 6 · 0⤊ 1⤋