section .0400 - CPE REQUIREMENTS
21 NCAC 08G .0401 CPE REQUIREMENTS FOR CPAS
(a) In order for a CPA to receive CPE credit for a course:
(1) the CPA must attend or complete the course
and receive a certificate of completion as set forth in Rule .0403(c)(13) of
(2) the course must meet the requirements set
out in Rule .0404(a) and (c) of this Section; and
(3) the course must increase the professional
competency of the CPA.
(b) A course that increases the professional competency of
a CPA is a course in an area of accounting in which the CPA practices or is
planning to practice in the future, or in the area of professional ethics, or
an area of the profession.
(c) Because of differences in the education and experience
of CPAs, a course may contribute to the professional competence of one CPA but
not another. Each CPA must therefore exercise judgment in selecting courses for
which CPE credit is claimed and choose only those that contribute to that CPA's
(d) Active CPAs must complete 40 CPE hours, computed in
accordance with Rule .0409 of this Section by December 31 of each year, except
(1) CPAs having certificate applications
approved by the Board in April-June must complete 30 CPE hours during the same
(2) CPAs having certificate applications
approved by the Board in July-September must complete 20 CPE hours during the
same calendar year; or
(3) CPAs having certificate applications
approved by the Board in October-December must complete 10 CPE hours during the
same calendar year.
(e) There are no CPE requirements for inactive CPAs.
(f) Any CPE hours completed during the calendar year in
which the certificate is approved may be used for that year's requirement even
if the hours were completed before the certificate was granted. When a CPA has
completed more than the required number of hours of CPE in any one calendar
year, the extra hours, not in excess of 20 hours, may be carried forward and
treated as hours earned in the following year. Ethics CPE hours may not be
included in any carry forward hours. A CPA may not claim CPE credit for
courses taken in any year prior to the year of certification.
(g) Any CPE hours used to satisfy the requirements for
change of status as set forth in 21 NCAC 08J .0105, for reissuance as set forth
in 21 NCAC 08J .0106, or for application for a new certificate as set forth in
21 NCAC 08I .0104 may be used to satisfy the annual CPE requirement set forth
in Paragraph (d) of this Rule.
(h) It is the CPA's responsibility to maintain records
substantiating the CPE credits claimed for the current year and for each of the
four calendar years prior to the current year.
(i) A non-resident licensee may satisfy the annual CPE
requirements including 21 NCAC 08G .0401 in the jurisdiction in which he or she
is licensed and currently works or resides. If there is no annual CPE
requirement in the jurisdiction in which he or she is licensed and currently
works or resides, he or she must comply with Paragraph (d) of this Rule.
History Note: Authority G.S. 93-12(3); 93‑12(8b);
Eff. May 1, 1981;
Amended Eff. January 1, 2014; January 1, 2007; January 1,
2004; August 1, 1995; April 1, 1994; May 1, 1989; September 1, 1988.