Make a Difference - Serve on a Board or Commission
Informational events are being offered around the state from mid-November to mid-December for anyone wanting to learn what it means to serve on a state board or commission and how to apply. Almost every year, openings exist on our Board for licensed members and also public members. Your service can make a difference.
November 12-18 Is Fraud Awareness Week
The AICPA Code of Conduct, which is incorporated by reference into Board rules, requires licensees to "serve the public interest, honor the public trust, and demonstrate a commitment to professionalism." (0.300.030) The people of Minnesota rely on your integrity and willingness to speak up if you see suspected fraud or violations of Board rules and statutes. Learn more about how you can take action:
2018 Renewals Are Now Open
Both Individuals and Firms May Now Renew
Renewals are now available for all CPA and RAP individuals and firms. RAP firms and CPA firms that are not sole proprietors have been sent renewal instructions by mail.
All licenses, registrations and permits expire December 31, 2017. EVERYONE must renew this year. For those with CPE reporting requirements, that reporting must be submitted prior to or along with your renewal.
Online Services is the quick and easy electronic means for individual CPAs and Sole Proprietors* to renew. The Board accepts Visa, Mastercard, and Discover Card as online payment methods.
Paper forms that can be completed electronically, printed, and then mailed are also available under Forms.
When submitting a paper form, payment must be by check (no cash, credit card, or bill pay). Renewals received without payment ENCLOSED will be returned.
Please note: RAPs, firms other than sole proprietors, and those seeking Exempt status or surrendering their license must use the paper renewal option.
*Those specific sole proprietors who must undergo peer review also must use the paper renewal option.
Answers to questions concerning renewal can be found on the Frequently Asked Questions (FAQ) page.
ALJ Releases Report on Rule Package R-04392
The administrative law judge has submitted his report on the current 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). The Board will review the judge’s recommendations and follow the administrative rule procedures for adopting the final language.
November Complaint Committee Meeting Rescheduled
The Complaint Committee meeting previously scheduled for November 14, 2017, has been moved to November 7.
Cyber Criminals Targeting Tax Professionals
The IRS warns tax professionals that account takeover attempts are on the rise.
CPE Earning Deadline Was June 30
To be compliant with Board rules and avoid fees, CPE must be earned by June 30.
If you have your hours completed, you can enter them at any time through Online Services or wait until you renew in the fall (by December 31). If you are short and must complete carryback hours, note that late-earning fees accrue until the Board receives your documentation.
Governor Dayton Appoints Sowah
The Governor recently announced his appointments to the Board of Accountancy:
Godson Sowah, CPA, is a Senior Manager in the Advisory Services practice of Ernst & Young LLP, providing IT risk and advisory services to Fortune 500, middle-market and multinational organizations. Recent awards include 2016 St. Paul Area Chamber of Commerce Young Professional of the Year and Minneapolis/St. Paul Business Journal 2016 Titans of Technology honoree. He is President of the National Association of Black Accountants Minnesota Chapter. His community work includes serving as President of the Board for Avenues for Homeless Youth and as Program Director for the Accounting Career Awareness Program. Both on the job and in the community, he provides mentorship and support around building a culture of diversity and inclusivity.
Be Aware of "Board of Accountancy" Email Phishing Scam
The Board is hearing of the re-emergence of a general (not specific to the Minnesota Board) scam that purports to be a message from the Board regarding your license and that includes an attachment.
The Board does not send notices requiring reply or response by email regarding your license status. All communications of that nature are delivered only by mail.
If you receive such a message, do not open the attachment. You may also want to consider contacting your company's IT department to alert them to this scam.
You can safely check your license status directly on the Board website by using "Find a CPA." Contact the Board if the status there does not match your records.
Notice Regarding CPE Standards
The Board has not changed its rules to reflect the new 2016 Statement on Standards. At this time the Board does not accept nano learning nor does it accept partial-hour credits except as specfied in the 2012 Statement on Standards.
2012 Standards (PDF)
Practice Continuity Information Kit Available
AICPA and NASBA have created a document aimed at assisting sole proprietors and other small firm owners consider and create a plan around practice continuity in the event of the death or incapacity of the firm's principal member.
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 November 2017):
• Failed to complete CPE on time for 2016 and reported late for 2015: Total fee is $1050.
• Reported late for 2016 but earned CPE in proper timeframe: Total fee is $300.
• Failed to report CPE on time in 2015 and 2016 but earned it both year in the proper timeframe: Total fee is $900.
• Reported late for 2015 and 2016 and failed to complete on time in 2017: Total fee is $1050.
|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:
||Complete and/or submit:
||Failed to complete CPE by*:
||Certificates of completion for only those hours earned after 6/30/2017 and required fees**
||Certificates of completion for only those hours earned after 6/30/2016 and required fees**
||2016 CPA certificate renewal form* and required fees**
||2015 CPA certificate renewal form* and required fees**
|*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 NOVEMBER 2017.
MN Rule 1105.3000 (E)(2016)