All certified public accountants licensed in Pennsylvania must now complete 4 hours in professional ethics as part of the overall 80-hour biennial requirement. This new ethics requirement is part of the current reporting period and must be completed by December 31, 2011 for the CPA to be licensed for the 2012-2013 reporting period that begins on January 1, 2012.
In addition to the 4 hours of ethics continuing professional education (CPE) that must be obtained, 8 hours of tax and 16 hours of accounting and auditing must be met. At least 20 hours must also be obtained in each year of the reporting period. This other criteria for licensing has not changed from previous reporting periods.
The State Board of Accountancy also has made two other amendments relating to CPE requirements. The first is that a licensee will no longer be able to obtain CPE for the writing of an article or book. Also, a licensee may now obtain qualifying CPE hours from a program sponsor that is approved by other states that adhere to principles of substantial equivalency.
Please do not hesitate to contact Ed Friel at if you have any questions on this topic.
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This advice is not intended or written to be used for, and it cannot be used for, the purpose of avoiding any federal tax penalties that may be imposed, or for promoting, marketing or recommending to another person, any tax-related matter.