Continuing Professional Education

Link to law: http://arcweb.sos.state.or.us/pages/rules/oars_800/oar_801/801_040.html
Published: 2015

The Oregon Administrative Rules contain OARs filed through November 15, 2015

 

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BOARD OF ACCOUNTANCY





 

DIVISION 40
CONTINUING PROFESSIONAL EDUCATION

 
801-040-0010
Basic Requirements
(1) Biennial CPE requirement for Active
licensees. Each biennial renewal period, certified public accountants and public
accountants must report satisfactory evidence of having completed 80 hours of continuing
professional education (CPE) unless such requirement is waived by the Board under
ORS 673.165 and OAR 801-040-0150. The 80-hour CPE requirement must be completed
as follows:
(a) At least 24 of the required
80 CPE hours must be completed in each year of the renewal period. Hours carried
forward from the previous reporting period (carry-forward hours) may not be used
to meet the minimum annual requirement.
(b) CPE hours must be completed
during the two-year period immediately preceding the renewal date, except for carry-forward
hours described in subsection (c) of this rule.
(c) A maximum of 20 CPE hours
may be carried forward from one reporting period to the next and may be used in
partial fulfillment of the 80 hour requirement.
(2) Ethics CPE requirement. CPE hours in professional conduct and ethics are included in the 80 hour requirement
for each renewal period.
(a) All active licensees who
are applying for the first license renewal in Oregon are required to complete and
report at least four hours of CPE in a professional conduct and ethics program that
meets the requirements of section three (3) of this rule.
(b) Licensees who are not renewing
for the first time and whose principal place of business is located in another jurisdiction
may meet the ethics requirement of this rule by demonstrating compliance with the
other jurisdiction's professional conduct and ethics CPE requirement. The number
of CPE Ethics hours that meets the Ethics requirement of such other jurisdiction
will be accepted in Oregon, so long as the other jurisdiction requires the licensee
to complete an ethics program as a condition of renewal.
(c) An active licensee who is
not renewing for the first time and whose principal place of business is in another
jurisdiction that does not have a professional conduct and ethics CPE requirement
must complete the ethics requirement described in subsection (2)(d) of this rule.
(d) All other active licensees
are required to complete and report four hours of CPE in professional conduct and
ethics with each biennial renewal application, which may be satisfied by any ethics
program that meets the general CPE requirements described in OAR 801-040-0030.
(3) CPE ethics programs. CPE programs in professional conduct and ethics required by subsection (2)(a) of
this rule are eligible for CPE credit if the program is offered by a sponsor registered
with the Board and includes information pertaining to each of the following topics:
(a) Oregon Administrative Rules
and Oregon Revised Statutes pertaining to the practice of public accountancy;
(b) Examples of issues or situations
that require an understanding of statutes, rules and case law relevant to all licensees.
(c) The Code of Professional
Conduct adopted by the Board and set forth in OAR chapter 801, division 030; and
(d) Review of recent case law
pertaining to ethics and professional responsibilities for the accounting profession.
(4) Biennial CPE Requirements
for Inactive Licensees. A licensee who is granted inactive status must:
(a) Obtain 32 hours of qualified
continuing professional education during a two-year renewal period;
(b) A maximum of 8 hours may
be in non-technical subjects;
(c) A maximum of 8 CPE hours
may be carried forward from one reporting period to the next and may be used in
partial fulfillment of the 32 hour requirement.
(d) Licensees that do not meet
the CPE requirements stated above will be assessed an 8 hour CPE penalty.
Stat. Auth.: ORS 670.310, 673.040, 673.050
& 673.410

Stats. Implemented: ORS 673.165

Hist.: AB 1-1985, f. &
ef. 3-21-85; AB 5-1991, f. & cert. ef. 7-1-91; AB 1-1994, f. & cert. ef.
1-21-94; AB 4-1994, f. & cert. ef. 9-27-94; BOA 5-1999, f. & cert. ef. 7-23-99;
BOA 6-1999, f. 12-21-99, cert. ef. 1-1-00; BOA 5-2000, f. 12-7-00, cert. ef. 1-1-01;
BOA 7-2001, f. 12-31-01, cert. ef. 1-1-02; BOA 6-2002, f. 12-27-02, cert. ef. 1-1-03;
BOA 6-2004, f. 12-30-04, cert. ef. 1-1-05; BOA 10-2005, f. 11-22-05, cert. ef. 1-1-06;
BOA 4-2006, f. 12-22-06, cert. ef. 1-1-07; BOA 4-2008, f. 12-30-08, cert. ef. 1-1-09;
BOA 6-2009, f. 12-15-09, cert. ef. 1-1-10; BOA 4-2010, f. 12-15-10, cert. ef. 1-1-11;
BOA 4-2011, f. 12-28-11, cert. ef. 1-1-12; BOA 1-2015, f. 9-30-15, cert. ef. 10-1-15
801-040-0020
Controls and Reporting
(1) Reporting requirement.
As a requirement for renewal of an active license, licensees are required to certify
that the licensee has fulfilled the CPE requirement by signing the certification
section on the renewal form. Licensees are required to report the following information
for each CPE program listed on the renewal form:
(2) CPE programs.
(a) Name of program sponsor;
(b) Program title or description
of content;
(c) Type of CPE program, using
designations provided on renewal form;
(d) For self-study programs,
the program sponsor’s QAS number;
(e) Date(s) attended or date
of completion; and
(f) Number of hours claimed.
(3) Published articles and
books. The CPE report must include the following information for publications
to be eligible for CPE credit:
(a) Name
and address of the publisher;
(b) Title of publication;
(c) Description of content;
(d) Dates of publication; and
(e) Number of hours claimed.
Stat. Auth.: ORS 670.310, 673.040,
673.050 & 673.410

Stats. Implemented: ORS 673.165

Hist.: AB 1-1985, f. & ef.
3-21-85; AB 6-1992, f. & cert. ef. 8-10-92; AB 4-1994, f. & cert. ef. 9-27-94;
BOA 2-1999, f. & cert. ef. 2-22-99; BOA 6-1999, f. 12-21-99, cert. ef. 1-1-00;
BOA 5-2000, f. 12-7-00, cert. ef. 1-1-01; BOA 7-2001, f. 12-31-01, cert. ef. 1-1-02;
BOA 6-2004, f. 12-30-04, cert. ef. 1-1-05; BOA 4-2011, f. 12-28-11, cert. ef. 1-1-12
801-040-0030
Programs that Qualify for CPE Credit
(1) Qualifying programs. In order
to qualify for CPE credit under these rules, a CPE program must be a formal program
of learning that contributes directly to the professional competence of the licensee.
It is the obligation of each licensee to select a course of study that contributes
to the licensee's professional competence in public accountancy. The licensee may
take programs in a variety of topics that are relevant to the licensee's practice.
(2) Program requirements. CPE programs must meet the following requirements to qualify for CPE credit:
(a) An outline of the program
is prepared in advance and preserved;
(b) The program is at least
one hour (fifty-minute period) in length;
(c) A record of attendance is
maintained by the sponsor; evidence of completion is provided to participating licensees;
(d) The program is conducted
by a qualified instructor whose background, training, education or experience qualifies
the person to teach or lead a discussion on the subject matter of the particular
program.
(3) Eligible programs. The
following programs will qualify for CPE credit provided they also meet the requirements
of section (2) of this rule:
(a) Programs presented by national,
state or local accounting organizations;
(b) Programs offered by a firm
to licensees;
(c) Programs sponsored by organizations
that provide professional educational programs on a regular basis;
(d) Accredited university or
college courses are eligible for CPE credit at the rate of 15 CPE hours for each
semester hour credit and 10 CPE hours for each quarter hour credit. University or
college courses that do not earn college credit are eligible for one CPE hour for
each classroom hour of learning;
(e) Distance learning programs
offered by a regionally accredited university or college are eligible for CPE credit
as described in subsection (3)(d), without meeting the requirement of NASBA National
CPE QAS/Registry approval described in section (4) of this rule.
(f) Other programs may qualify
for CPE credit if the program meets the requirements of section 2 of this rule.
(4) Individual study programs.
(a) Correspondence courses or
other individual study programs do not qualify for CPE credit unless both the CPE
sponsor and the specific CPE program are approved by the NASBA National CPE QAS/Registry.
(5) Programs not eligible
for CPE credit. The following programs do not qualify for CPE credit:
(a) Courses taken to fulfill
the requirements for licensure as a certified public accountant or public accountant;
(b) Ethics courses that were
taken to fulfill the Ethics exam requirement for licensure; and
(c) CPA exam review or study
courses.
Stat. Auth.: ORS 670.310, 673.040,673.050
& 673.410
Stats. Implemented: ORS 673.165
Hist.: AB 1-1985, f. &
ef. 3-21-85; AB 1-1994, f. & cert. ef. 1-21-94; AB 2-1996, f. & cert. ef.
9-25-96; BOA 1-1999, f. & cert. ef. 1-20-99; BOA 5-1999, f. & cert. ef.
7-23-99; BOA 6-1999, f. 12-21-99, cert. ef. 1-1-00; BOA 5-2000, f. 12-7-00, cert.
ef. 1-1-01; BOA 7-2001, f. 12-31-01, cert. ef. 1-1-02; BOA 6-2002, f. 12-27-02,
cert. ef. 1-1-03; BOA 6-2004, f. 12-30-04, cert. ef. 1-1-05; BOA 4-2007, f. 12-27-07
cert .ef. 1-1-08; BOA 1-2015, f. 9-30-15, cert. ef. 10-1-15
801-040-0040
Acceptable Subject Matter
(1) Examples listed not all-inclusive.
The subjects listed in this rule serve as examples only, and are not all inclusive
of technical and non-technical subjects that may qualify for CPE credit.
(2) Technical subjects. Qualified
continuing education programs in the following subjects are eligible for CPE credit
as technical subjects:
(a) Accounting
(b) Auditing and assurance
(c) Consulting
(d) Specialized knowledge and
applications
(e) Management Advisory Services
(f) Taxation
(g) Professional ethics
(h) Finance
(i) Business Law
(j) Business Management &
Organization
(k) Economics
(l) Computer Science
(m) Communication
(n) Other subjects may be acceptable
if they maintain or improve the licensee's professional competence.
(3) Non-technical subjects.
Qualified continuing education programs in subjects other than those listed in section
(2) of this rule are non-technical subjects and are eligible for CPE credit if the
program directly contributes to the licensee's professional competence.
(a) Credit for programs in non-technical
subjects is limited to 16 CPE hours per renewal period.
(b) The following are examples
of non-technical subjects:
(A) Interpersonal management
skills;
(B) Public relations;
(C) Practice development;
(D) Practice administration.
(E) Marketing
(F) Personnel/HR
(G) Personal Development
Stat. Auth.: ORS 670.310, 673.040, 673.050
& 673.410
Stats. Implemented: ORS 673.165
Hist.: AB 1-1985, f. &
ef. 3-12-85; AB 5-1991, f. & cert. ef. 7-1-91; AB 4-1994, f. & cert. ef.
9-27-94; AB 1-1996, f. & cert. ef. 1-29-96; BOA 1-1999, f. & cert. ef. 1-20-99;
BOA 2-1999, f. & cert. ef. 2-22-99; BOA 6-1999, f. 12-21-99, cert. ef. 1-1-00;
BOA 5-2000, f. 12-7-00, cert. ef. 1-1-01; BOA 7-2001, f. 12-31-01, cert. ef. 1-1-02;
BOA 6-2004, f. 12-30-04, cert. ef. 1-1-05; BOA 1-2015, f. 9-30-15, cert. ef. 10-1-15
801-040-0050
Credit Allowed and Evidence of Completion
(1) Credit hours. Eligible CPE credit
is measured by program length, with one 50 minute period equal to one CPE credit.
CPE credit may be issued in half increments (equal to 25 minute program periods)
after the first credit has been earned.
(2) Evidence of completion. Licensees are required to document all CPE programs claimed for CPE credit and
to provide the appropriate proof of completion for the number of qualifying CPE
credits claimed for each program. Licensees must retain proof of completion for
each CPE program reported for a period of 5 years after completion of the program.
(3) Group study programs.
(a) CPE credit is allowed for
actual class hours attended.
(b) Evidence of completion includes
a written course outline and certificate of completion or attendance record provided
by each program sponsor. The evidence of completion must include the sponsor name,
course title, date of attendance or date of completion, name of participating licensee,
statement that the program and sponsor are QAS approved, if appropriate, and the
number of CPE hours earned;
(4) Individual study programs.
(a) Individual study programs
are eligible for CPE credit only if the program is offered by a NASBA CPE Registry
approved sponsor and the program itself is Registry approved;
(b) CPE credit will be awarded
in an amount equal to the average completion time determined by the NASBA CPE Registry
approved sponsor.
(c) The date for which CPE credit
is allowed is the completion date specified on the evidence of completion provided
by the sponsor.
(d) Evidence of completion must
include the name of the participating licensee, sponsor name, program title, date
of completion, Instructor name, if applicable and number of NASBA CPE Registry CPE
hours allowed.
(5) Lecturer, discussion
leader or speaker.
(a) CPE credit for a lecture,
training session or speaking engagement at which the licensee was an instructor,
discussion leader or speaker is allowed provided that the lecture, training or engagement
meets CPE requirements for the participants;
(b) CPE credit for a university
or college course where the licensee was the faculty instructor is allowed, provided
that the course is considered an upper division (300 or 400 level) or post-graduate
course.
(c) One CPE hour is allowed
for each 50 minute period completed as an instructor or discussion leader for the
first presentation of the subject material if such activity increases the instructor's
professional competence. CPE credit may be allowed for additional presentations
if the substantive content of the program was substantially changed and the licensee
provides evidence that such change required significant additional study or research;
(d) CPE credit for preparation
time allowed for an instructor, discussion leader, or a speaker shall be calculated
on the basis of two CPE hours of preparation for each hour of teaching;
(e) The maximum CPE credit allowed
for preparation and teaching under this section and for published articles described
in section (6) of this rule, combined, must not exceed one-half of the total number
of CPE hours required for the renewal period;
(f) Evidence of completion includes
a copy of the agenda or outline provided for each presentation, lecture or speaking
engagement, stating the date of presentation and name of the sponsoring organization.
For university courses taught, evidence of completion should include the course
syllabus and outline for each class.
(6) Published articles.
(a) CPE credit may be allowed
for authoring published articles or books, provided the work directly contributes
to the professional competence of the licensee;
(b) CPE credit for authoring
published articles or books is allowed as of the date of publication and is only
allowed for the first publication of such writing. The number of CPE hours is based
on the time spent creating the published article,
(c) Authorship of a published
article does not contribute to the professional competence of the licensee unless
the published article is suitable for a professional audience. Published articles
may be reviewed on a case-by-case basis to determine whether such articles contribute
to the licensee’s professional competence
(d) The maximum credit for published
articles and books allowed under this section and for preparation and teaching under
section (5) of this rule, combined, is no more than one-half of the total CPE requirement
for the renewal period.
(e) A licensee may request additional
CPE credit for authoring a published article by submitting an explanation of the
circumstances which justify greater credit than is otherwise allowed. The Board
shall determine whether additional credit is justified.
(f) Evidence of completion includes
a copy of the title page or other pages that show the title, date of publication
and a description of the content for each article reported for CPE credit.
(7) Reviewing peer review
reports for Board approved Peer Review Programs.
(a) Licensees who serve as volunteer
members of the Review Acceptance Body or any other committee that reviews peer review
reports on behalf of a board approved peer review program are allowed two hours
of CPE credit per meeting attended, for a maximum of 16 hours for the renewal period.
(b) Evidence of completion includes
proof of attendance, provided by the sponsor of the approved Peer Review Program,
for each meeting attended.
(8) State Legislative Joint
Ways and Means Committee members.
(a) Licensees who serve as members
of the Oregon Joint Ways and Means Legislative Committee are allowed up to 16 hours
of the total CPE requirement for the renewal period during which the licensee served
on the legislative committee.
(b) Evidence of completion shall
be a copy of the membership roster published during the legislative session indicating
the specific section of the Joint Ways and Means sub-committee on which the licensee
served.
(9) University and college
courses.
(a) CPE credit allowed is described
in OAR 801-040-0030.
(b) An official copy of the
college transcript is evidence of completion for courses that earn college credit.
(c) An attendance schedule or
sign-in sheet demonstrating the licensee’s attendance and prepared and maintained
by the college will provide evidence of completion for courses that do not earn
college credit.
Stat. Auth.: ORS 670.310, 673.040, 673.050
& 673.410

Stats. Implemented: ORS 673.165

Hist.: AB 1-1985, f. &
ef. 3-21-85; AB 5-1991, f. & cert. ef. 7-1-91; AB 7-1992, f. & cert. ef.
12-15-92; AB 4-1993, f. & cert. ef. 5-14-93; AB 4-1994, f. & cert. ef. 9-27-94;
AB 5-1995, f. & cert. ef. 8-22-95; AB 4-1997, f. & cert. ef. 7-25-97; BOA
1-1998, f. & cert. ef. 1-26-98; BOA 6-1998 f. & cert. ef. 7-29-98; BOA 2-1999,
f. & cert. ef. 2-22-99; BOA 5-1999, f. & cert. ef. 7-23-99; BOA 6-1999,
f. 12-21-99, cert. ef. 1-1-00; BOA 1-2000, f. 3-22-00, cert. ef. 3-24-00; BOA 5-2000,
f. 12-7-00, cert. ef. 1-1-01; BOA 7-2001, f. 12-31-01, cert. ef. 1-1-02; BOA 6-2002,
f. 12-27-02, cert. ef. 1-1-03; BOA 6-2004, f. 12-30-04, cert. ef. 1-1-05; BOA 4-2010,
f. 12-15-10, cert. ef. 1-1-11; BOA 1-2015, f. 9-30-15, cert. ef. 10-1-15
801-040-0070
Verification
(1) The Board may verify CPE reports submitted
by licensees. When selected for verification licensees are required to provide the
following information for each CPE program selected by the Board:
(a) Certificate of completion
or similar documentation that confirms attendance at the program and the number
of eligible CPE hours; and
(b) Upon request from the Board,
a written statement describing how a CPE program directly contributes to the licensee’s
professional competency.
(2) Licensees who do not meet
CPE requirements described in OAR 801-040-0010 and section (1) of this rule will
be notified of the deficiency and a designated number of days will be allowed for
the applicant to correct the deficiencies.
Stat. Auth.: ORS 670.310 & 673.410

Stats. Implemented: ORS 673.165

Hist.: AB 1-1985, f. &
ef. 3-21-85; AB 4-1994, f. & cert. ef. 9-27-94; BOA 6-1999, f. 12-21-99, cert.
ef. 1-1-00; BOA 5-2000, f. 12-7-00, cert. ef. 1-1-01; BOA 7-2001, f. 12-31-01, cert.
ef. 1-1-02; BOA 7-2003, f. 12-23-03 cert. ef. 1-1-04; BOA 6-2004, f. 12-30-04, cert.
ef. 1-1-05; BOA 10-2005, f. 11-22-05, cert. ef. 1-1-06
801-040-0090
Reinstatement Requirements: Lapsed,
Suspended or Inactive to Active Status
(1) Lapsed licenses. Licenses that
are not properly renewed shall lapse. Lapsed licenses may be reinstated to active,
inactive or retired status. To reinstate to active status an individual must:
(a) Provide a detailed written
description of the business and professional activities of the individual during
the period of lapse, and indicate whether the individual was holding out as a CPA
or PA during the period of lapse;
(b) Submit an application for
reinstatement on a form provided by the Board;
(c) Submit payment of the application
fee and the active renewal fee for each renewal period that the license was lapsed,
and
(d) Complete and report the
appropriate CPE hours described in this rule, plus a penalty of an additional 16
CPE hours.
(e) CPE hours submitted for
reinstatement must meet the requirements for CPE credit under these rules.
(2) Holders of licenses that
are lapsed less than two years must:
(a) Complete and report 80 CPE
hours, which shall be completed within the 12 month period immediately preceding
the date of application for reinstatement; and
(b) Complete and report four
CPE hours in professional conduct and ethics.
(3) Holders of licenses that
are lapsed more than two and less than six years must:
(a) Complete and report 160
CPE hours which shall be completed within the 12 month period immediately preceding
the date of application for reinstatement;
(b) Comply with CPE requirements
under these rules for the period following reinstatement until the next renewal
date on a pro rata basis, to be calculated at the rate of 3-1/3 hours per month,
including the month of reinstatement, from the date of reinstatement to the end
of the renewal period in which reinstatement occurs; and
(c) Complete and report four
CPE hours in professional conduct and ethics.
(d) In lieu of meeting the CPE
requirements described in this section, the holder of a lapsed license may elect
to take and pass the CPA exam within the five years immediately preceding the date
of application for reinstatement. A person who elects this option must meet the
requirements of OAR 801-010-0060.
(4) Lapsed more than six
years or three renewal periods:
(a) A license that is lapsed
for more than three renewal periods will expire.
(b) An expired license may be
restored only upon the Board’s determination that there is good cause.
(5) Inactive licenses. To reinstate a license from inactive to active status, the holder of such license
shall meet the requirements for reinstatement of lapsed licenses described in section
(1) of this rule, with the following exceptions: Credit for CPE taken while on inactive
status will be given for the two renewal periods immediately preceding the date
of reinstatement application only (maximum of 64 hours)
(6) Suspended licenses. To reinstate a license that is suspended under ORS 673.170, the holder of such license
shall:
(a) Provide evidence of satisfaction
or completion of all terms and conditions stated in the Order of Suspension; and
(b) Meet the requirements for
reinstatement of a lapsed license as stated in this rule.
(7) License holders in other
jurisdictions. Licensees who hold an active license to practice public accountancy
issued under the laws of another jurisdiction, whose principal place of business
is in such other jurisdiction, and who wish to reinstate an Oregon license that
has been lapsed for less than six years or inactive for more than two years shall:
(a) Submit evidence that the
applicant holds an active license to practice public accountancy, in good standing,
issued by another jurisdiction; and
(b) Submit payment of the initial
license fee stated in OAR 801-010-0010(2)(a) plus the biennial renewal application
fee stated in OAR 801-010-0010(3)(a).
(c) Upon reinstatement, licensee
shall complete CPE requirements described in these rules on a pro rata basis, calculated
at 3-1/3 hours per month, including the month of reinstatement until the end of
the renewal period in which reinstatement occurs.
(8) 24 Hour Minimum annual
CPE requirement. Licensees whose licenses are reinstated under this rule are
required to meet the 24 hour minimum annual CPE requirement at the pro-rated calculation
of two (2) CPE hours for each month, including the month of reinstatement, until
June 30 of the year in which the licensee is reinstated.
Stat. Auth.: ORS 670.310, 673.040, 673.050
& 673.410

Stats. Implemented: ORS 673.165
& 673.210

Hist.: AB 1-1985, f. &
ef. 3-21-85; AB 5-1991, f. & cert. ef. 7-1-91; AB 1-1994, f. & cert. ef.
1-21-94; AB 3-1994, f. & cert. ef. 8-10-94; AB 4-1994, f. & cert. ef. 9-27-94;
AB 2-1996, f. & cert. ef. 9-25-96; AB 1-1997, f. & cert. ef. 1-28-97; BOA
1-1998, f. & cert. ef. 1-26-98; BOA 2-1999, f. & cert. ef. 2-22-99; BOA
5-1999, f. & cert. ef 7-23-99; BOA 6-1999, f. 12-21-99, cert. ef. 1-1-00; BOA
5-2000, f. 12-7-00, cert. ef. 1-1-01; BOA 7-2001, f. 12-31-01, cert. ef. 1-1-02;
BOA 7-2003, f. 12-23-03 cert. ef. 1-1-04; BOA 6-2004, f. 12-30-04, cert. ef. 1-1-05;
BOA 10-2005, f. 11-22-05, cert. ef. 1-1-06; BOA 4-2008, f. 12-30-08, cert. ef. 1-1-09;
BOA 4-2011, f. 12-28-11, cert. ef. 1-1-12; BOA 1-2015, f. 9-30-15, cert. ef. 10-1-15
801-040-0095
Reinstatement Requirements: Inactive to Active Status
The provisions of this rule are removed from this section and included in OAR 801-040-0090 to minimize duplication.
Stat. Auth.: ORS 670.310

Stats. Implemented: ORS 673.165

Hist.: AB 2-1996, f. & cert. ef. 9-25-96; BOA 1-1998, f. & cert. ef. 1-26-98; BOA 5-1999, f. & cert. ef. 7-23-99; BOA 6-1999, f. 12-21-99, cert. ef. 1-1-00; BOA 5-2000, f. 12-7-00, cert. ef. 1-1-01
801-040-0100
New Licenses
(1) CPE Requirement for new
licensees.
(a) Licensees who receive an
initial license to practice public accountancy shall comply with the CPE requirements
from the date of issuance of the license on a prorated basis calculated at 3-1/3
CPE hours per month, including the month of issuance, until June 30 of the renewal
period in which the license is issued.
(b) The 24 hour annual CPE requirement
shall also be prorated at two (2) CPE hours per month, including the month of issuance,
until June 30 of the renewal period in which the license was issued.
(c) CPE hours earned during
any month of the two-year renewal cycle during which the initial license was issued
shall be eligible to meet the initial CPE requirement.
(2) Requirement for licensed
public accountants who become licensed as certified public accountants. Licensees
who hold a license to practice public accountancy as a licensed public accountant
under ORS 673.100, and who receive an initial certificate and license to practice
public accountancy as a certified public accountant shall, in addition to the requirement
under section (1) of this rule, complete and report 3-1/3 CPE hours for each month
of the renewal period during which the person held a license as a public accountant.
CPE hours earned during any month of the two year renewal cycle during which the
initial license was issued shall be eligible for credit to meet this requirement.
Stat. Auth.: ORS 670.310, 673.040,
673.050 & 673.410

Stats. Implemented: ORS 673.165

Hist.: AB 1-1985, f. & ef.
3-21-85; AB 4-1989, f. & cert. ef. 3-13-89; AB 4-1994, f. & cert. ef. 9-27-94;
BOA 5-2000, f. 12-7-00, cert. ef. 1-1-01; BOA 7-2001, f. 12-31-01, cert. ef. 1-1-02;
BOA 7-2003, f. 12-23-03 cert. ef. 1-1-04; BOA 6-2004, f. 12-30-04, cert. ef. 1-1-05;
BOA 4-2011, f. 12-28-11, cert. ef. 1-1-12
801-040-0150
Waivers
(1) CPE waivers. The Board, in its discretion,
may waive CPE requirements for:
(a) Reasons of health, certified
by a medical doctor, that prevent the licensee from complying with CPE requirements;
(b) A licensee who is on extended
active military duty, who does not practice public accountancy during the renewal
period, and who provides a copy of orders to active military duty; and
(c) Other good cause, to be
determined by the Board on a case-by-case basis.
(2) Requests for waivers. A
request for waiver of CPE requirements must be submitted in writing for each renewal
period during which the conditions supporting the waiver exist.
Stat. Auth.: ORS 670.310, 673.040, 673.050
& 673.410

Stats. Implemented: ORS 673.165
& 673.170

Hist.: AB 1-1985, f. &
ef. 3-21-85; AB 5-1991, f. & cert. ef. 7-1-91; AB 4-1994, f. & cert. ef.
9-27-94; BOA 6-1999, f. 12-21-99, cert. ef. 1-1-00; BOA 5-2000, f. 12-7-00, cert.
ef. 1-1-01; BOA 7-2001, f. 12-31-01, cert. ef. 1-1-02; BOA 6-2004, f. 12-30-04,
cert. ef. 1-1-05; BOA 1-2015, f. 9-30-15, cert. ef. 10-1-15
801-040-0160
Failure to Comply
(1)(a) 16-hour CPE penalty. Licensees who
submit an application for renewal of a license and who have not complied with the
CPE requirements described in OAR 801-040-0010 are required to complete and report
an additional 16 hours of qualifying CPE.
(b) Inactive licensees will
be assessed an 8 hour CPE penalty for non-compliance with CPE rules.
(2) Failure to comply with CPE
requirements. Licensees who do not meet the CPE requirements are subject to disciplinary
action under ORS 673.170 (L), unless CPE requirements have been waived under OAR
801-040-0150.
Stat. Auth.: ORS 670.310 & 673.410

Stat. Implemented: ORS 673.165
& 673.170

Hist.: AB 1-1985, f. &
ef. 3-21-85; AB 5-1991, f. & cert. ef. 7-1-91; AB 4-1994, f. & cert. ef.
9-27-94; BOA 6-1999, f. 12-21-99, cert. ef. 1-1-00; BOA 7-2001, f. 12-31-01, cert.
ef. 1-1-02; BOA 7-2003, f. 12-23-03 cert. ef. 1-1-04; BOA 6-2004, f. 12-30-04, cert.
ef. 1-1-05; BOA 4-2011, f. 12-28-11, cert. ef. 1-1-12; BOA 1-2015, f. 9-30-15, cert.
ef. 10-1-15

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