Minnesota Board of Accountancy

Regulation • Licensure • Enforcement • Public Service



NEWS

FY21 CPE EARNING Deadline Approaches

A reminder that CPE for FY21 must be earned by June 30, 2021, although it does not need to be reported to the Board prior to your 2022 renewal or December 31, 2021 (whichever comes first). Log in to the Online Renewals website to confirm what CPE you have recorded.

If you reported CPE earned between 7/1/2020 and 9/30/2020 in order to meet your FY20 CPE requirements, remember that you cannot count those hours towards your FY21 CPE obligations.

If you were licensed between 7/1/2017 and 6/30/2018, note that this year (and going forward), you will need to meet both the one-year and the rolling three-year reporting requirements.

2021 Late Renewal

All unrenewed licenses, registrations and permits expired December 31, 2020. There is no grace period for unlicensed practice/holding out as licensed.

Those renewing after December 31, 2020, are reminded that, in addition to the regular licensing fee, a $50 delinquency fee as well as any CPE late reporting fees will apply.

  • Those renewing as Inactive status may still use Online Services.
  • ALL OTHERS must use paper (PDF) forms that can be completed electronically, printed, and then mailed in. When submitting a paper form, payment must be by check (no cash or credit card).
  • Firms: A reminder that all owners must be renewed by no later than March 1, 2021, or the firm's license is revoked. (MN Rule 1105.4000.D[2])

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

You can check to see if your license, permit or registration has been renewed using "Find a CPA" (Individual or Firm). Search by your last name or license number. If you were renewed, your expiration will read "12/31/2021."  

Allow a few days before expecting your expiration information to update on "Find a CPA." If your expiration date does not then update as expected, please contact the Board.

Board to Hold May 4, 2021 Meetings via Webex

The Board's May 4, 2021, meeting will be held via WebEx, with the full Board meeting at 8:30. The Executive Committee will meet at 8:00 via Webex. To request the meeting details and join via WebEx, use the email link below.

May 4 Meeting Details

Board Committees to Meeting in Separate from Board Meetings Via Webex

The Board's Laws and Rules, Firm Credential and Peer Review, and CPE committees will hold meetings in 2021 that are not concurrent with the regular Board meeting schedule. If you are not already on the standing email list to receive regular Board meeting notices and want to receive notices regarding these committee meetings, please use the link below to make that request.

Meetings will be held via Webex unless otherwise posted (see meeting calendar).

Update: Board Votes to Extend Expiring CPA Exam Credits until September 30, 2021

Minnesota exam candidates who will have credits expiring between December 31, 2020, and September 29, 2021, will have the credits extended until September 30, 2021. The Board passed the motion at its December 10, 2020 Board meeting, in response to the COVID-19 crisis and in accordance with hardship provisions in Board rule. The Board had previously extended expiring credits until December 30, 2020.

No action is required on the part of affected Minnesota exam candidates regarding the extension.

Revised CPA Exam Blueprints Available

A revised October 23, 2020, version of the Uniform CPA Examination Blueprints, with an effective date of July 1, 2021, is now available for download from the AICPA website.

The document explains the basic makeup and structure of the Uniform CPA Examination and what skills and skill levels are tested throughout the exam's four sections.

Uniform CPA Exam Blueprints (Rev 10/20)

Staff Working In-Office/Remote Schedule

For greatest efficency, please use email to contact Board staff. See ""Staff/Location" under "Contact Us" or use the general email box: boa@state.mn.us.

NTS Extension Questions? Contact NASBA

(But Read Below First)

NASBA is extending until September 30, 2020, all NTS's expiring between April 1 – June 30, 2020. Look for communications from NASBA. For questions regarding dates beyond June 30, 2020, please contact NASBA. Keep in mind, however, that until NASBA is aware you can reschedule (that is, a testing facility is open), they may have no update for you—beyond the fact that you will indeed receive the extension described above. NASBA's extension applies to all jurisdictions (not specific to Minnesota).

Prometric is working to open sites, when safely possible and allowed by various regulations across the country. You can find updates from Prometric regarding site openings here: https://www.prometric.com/site-openings. Openings are subject to change, based again upon the laws in place at the site location. As noted previously, if your exam appointment is impacted by these closure extensions, you will receive an email notification informing you that your appointment has been canceled, and instructions for how to reschedule for a future date. No rescheduling fees will be applied.

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If you haven't already signed up for the Board's email communications (The Ledger eNews), do it today. No fear of email clutter: The Board only emails when significant Board-related news occurs or deadlines relevant to your licensure approach—such as renewals.

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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 2021):
• Reported late for 2020 renewal but earned CPE in proper timeframe: Total: $150.
• Failed to complete CPE on time for 2020 and reported late for 2019: Total fee is $675.
• Reported late for 2019 and 2020 but earned CPE in proper timeframe: Total fee is $600.

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***: Submit: Failed to complete CPE by**: Fee is***:
12/31/20 $150 Certificates of completion for only those hours earned after 9/30/20201* and required fees** 09/30/201 $225
12/31/19 $450  Certificates of completion for only those hours earned after 6/30/2019* and required fees** 06/30/19 $600
12/31/18 $750 Certificates of completion for only those hours earned after 6/30/2018* and required fees** 06/30/18 $900

1 If you elected to claim the one-time CPE extension when you renewed for 2021.

* If claiming exception from CPE reporting under MN Rule 3500.3.D, you must claim the exception by the deadline or be subject to the same fees as those late reporting hours.

** If you completed CPE hours after the earning deadline(s), you must include copies of the certificates of completion for those hours.


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