Minnesota Board of Accountancy

Regulation • Licensure • Enforcement • Public Service


FY18 CPE Earning Period Ends 6/30/18

Learn what you need to earn and when to report. Ready to report? Go to Online Services.
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NEWS

Board Office Closed Monday

Memorial Day Weekend

The Board office will be closed Monday, May 28, in observance of Memorial Day.

NASBA Seeks Investigators and Expert Witnesses

NASBA maintains a national database of investigators and expert witnesses and is looking to add qualified individuals.

To apply to be included in either pool (investigators or expert witnesses), you will need the following information and materials:

  • License information for each jurisdiction in which you are licensed
  • A list of your areas of expertise. Choose from the options in this downloadable file: Industry Code List
  • Your resume, in an uploadable format (pdf or Word file)
  • Your hourly compensation rate
  • Your expense policy

Be sure to read the NASBA Agreement prior to submitting your application.

If you are interested in applying or wish to share this opportunity with a qualified individual, see the application links below:

Was That Call/Email/Fax/Text Really from the Board?

Stay Alert Against Scammers

With new technology comes new ways for the unscrupulous to commit fraud—and those scammers have grown more and more sophisticated, spoofing phone numbers and creating authentic looking emails. As a licensee, you may even hear from someone claiming to be from this Board. See our Facebook post for some tips on how to sort valid Board communication from scams.

The CPE Reporting Section of Online Services Now Open

Licensees can now log in to Online Services to see the new CPE reporting tables and how your FY16 and FY17 CPE converted under the new rules.

We encourage you to check that information and confirm how many and which type of hours you need for FY18 (the earning year ends June 30, 2018) so that you will have met the 3-year reporting requirements (FY16, 17, and 18) when it comes time to renew your license in the fall.

In the example below, the licensee needs to (eventually) submit their 20 hours for FY18, of which 1 must be Ethics, in order to meet all their CPE requirements (current shortfalls indicated by red boxes).

Board meeting calendar and minutes link

Committee Meeting Schedule Changes

As of 2018, meeting times for two of the committees that meet before the full Board meeting are changing.

  • Firm Credentialing and Peer Review will meet at 8:00am.
  • Continuing Professional Education will meet at 8:30am.

New Board Rules Now In Effect

Rule package R-04392, which clarifies education requirements for licensure, updates the Board’s peer review and continuing education requirements, and addresses other housekeeping issues, was published in the State Register on January 2, 2018. It became effective January 9, 2018.

The Board has updated information on the website affected by these revised rules and the revised rules are now incorporated into the website of the Office of the Revisor.

2018 Renewals Were Due December 31, 2017

All unrenewed licenses, registrations and permits expired December 31, 2017.

Inactive licensees remaining Inactive may still renew through Online Services (the $50 delinquency fee is added to your total due).

All other licensees, registrants, and permit holders must complete and mail in the appropriate renewal form, along with a check or money order as payment.

  • Renewals received without payment (check or money order only) ENCLOSED will be returned.
  • All renewals not postmarked by December 31, 2017, are subject to a late filing fee of $50 (see renewal form), in addition to any applicable CPE late fees.

Answers to questions concerning renewal can be found on the Frequently Asked Questions (FAQ) page.

 

Continuing Professional Education Reporting Fee Chart

Either the left or the right fee column for any given year will apply. If you are noncompliant in more than one year; you owe the applicable fee for each year.


Examples (rates valid only for May 2018):
• Failed to report CPE on time in 2017 and 2016 but earned it both years in the proper timeframe: Total fee is $600.
• Failed to complete CPE on time for 2017 and reported late for 2016: Total fee is $750.
• Reported late for 2016 but earned CPE in proper timeframe: Total fee is $450.
• Reported late for 2015 and 2016 and failed to complete on time in 2017: Total fee is $1500.
Reported CPE late but earned the CPE during the proper timeframe, use these columns: Failed to complete CPE in proper timeframe (and so also did not report it on time), use these columns:
Failed to report CPE by: Fee is**: Complete and/or submit: Failed to complete CPE by*: Fee is**:
12/31/2017 $150 Certificates of completion for only those hours earned after 6/30/2017 and required fees** 06/30/17 $300
12/31/16 $450 Certificates of completion for only those hours earned after 6/30/2016 and required fees** 06/30/16 $600

12/31/15 $750 2016 CPA certificate renewal form* and required fees** 06/30/15 $900
*If you completed CPE hours after the June 30th deadline(s), you must include copies of the certificates of completion for those hours.
**The above-referenced fees reflect the rates if submitted/postmarked by MAY 2018.
MN Rule 1105.3000 (E)(2018)

Questions or comments? Get in touch:

Reach us using the following information. We encourage you to follow us on social media or visit the website often to stay up to date on information relevant to your licensure.