Required for all Louisiana Active Certificate Holders (Licensees) after initial year of license or reinstatement
*** Due dates to earn and report ‘2020’ CPE hours
are extended ***
At its Board meeting on 10/30/20, the Board has granted all Louisiana CPAs an extension of time to earn and report 2020 required CPE hours in response to multiple natural disasters that have impacted everyone in 2020.
The extended due date to earn 2020 CPE hours, including the Board-approved Professional Ethics required for the 2020 report year, is June 30, 2021.
All 2020 CPE must be reported by July 15, 2021. No further extensions are anticipated.
The Board strongly recommends that all Louisiana CPAs complete their 2020 required CPE hours and report those hours as soon as possible. Don’t delay.
** A Board-approved ETHICS course is required for 2020. **
Download the CPE Frequently Asked Questions (FAQs): CPE FAQs for 2020
Download the 2020 CPE Reporting Form:
CPE Current Reporting Period – 2021
While the Board extended the 2020 Reporting period for those that need it, the current continuing professional education (CPE) reporting period remains January 1, 2021 to December 31, 2021; that is, the calendar year 2021.
January 31, 2022 is the deadline to report your 2021 CPE on the Board’s 2021 CPE Reporting Form. Failure to timely submit the 2021 CPE Reporting Form may result in the expiration of your CPA license.
Download the CPE Frequently Asked Questions (FAQs): CPE FAQs for 2021
Download the 2021 CPE Reporting Form:
CPE Hours Required
In general, the CPE hours that are required depends on the date of certificate (license) issuance.
- For CPAs licensed (or reinstated) prior to 2020:
A minimum of 20 hours of CPE to be completed and reported for the year 2021, regardless of hours reported for 2020, AND
Must report at least 80 hours for 2021 MINUS the number of CPE hours
reported for 2020. (Put another way, the sum of CPE reported for 2020 and 2021 must equal at least 80 hours.)
- For CPAs first licensed in 2020, a minimum of 20 hours of CPE to be completed and reported for the year 2021.
- For CPAs initially licensed in 2021, there is no CPE requirement for 2021.
CPAs who participate in attest engagements during the calendar year 2021 must earn and report at least 8 hours of CPE in Accounting and Auditing courses for 2021.
Participation includes being responsible for performing substantial portions of the procedures, or being responsible for planning, directing, or reporting an attest engagement. Persons who “plan, direct and report” generally include the in-charge accountant, the supervisor or manager, and the firm partner (owner) who signs or authorizes someone to sign the attest engagement report on behalf of the firm. [Board Rule §1301.A.1]
Other Annual Limits (hours in excess of annual limits cannot be carried over):
- 10 hours: Published Materials, Books, etc.
- 20 hours: Teacher, Speaker, Lecturer, etc.
- 20 hours: Completion of Credentialing Exam
The CPE requirement for the rolling two-year period beginning January 1, 2020 and ending December 31, 2021 must equal at least 80 hours. The CPE requirement for the rolling two-year period beginning January 1, 2021 and ending December 31, 2022 must equal at least 80 hours. (see CPE FAQs for 2021 )
Ideally, each CPA should earn 40 hours annually to remain current with the rapidly ever-changing professional standards and maintain professionally competency.
CPE must consist of a formal program of learning, which contributes directly to a CPA’s professional knowledge and professional competence.
Chapter 13 of the Board Rules [CPE Rules – Chapter 13] covers the CPE requirements that all licensed Louisiana CPAs and CPE sponsors must follow in order to have the CPE qualify for credit. Sponsors and licensees should become familiar with these rules and requirements.
The Board does not have a “pre-approval” or “registration” process for sponsors and does not pre-approve CPE (with the exception of the required ethics course when required). The CPE submitted by CPAs is subject to review or audit by the Board staff after the reporting period and may be disallowed if the requirements are not satisfied. Sponsors are also subject to review. Board personnel are knowledgeable with regard to CPE, but may not always be able to provide final conclusions in advance as to the acceptability of a CPE course or sponsor.
CPE Reporting for Current Reporting Period
CPAs with active certificates, in order to complete the renewal of their licenses, must complete and submit a Continuing Professional Education Reporting Form at the end of each CPE Reporting Year.
Failure to timely submit the CPE Report Form may result in the expiration of your CPA license.
Accounting and Auditing CPE requirement
CPAs who participate anytime during the reporting year in attest engagement(s) (compilation, review, audit, and agreed-upon procedures) are required to complete at least 8 hours in Accounting and Auditing subjects. [In public accounting, this can include all financial reporting, “A&A”, or attest engagement staff, managers, partners, and practitioners-in-charge of compilation(s), review(s), audit(s) or other attest engagement(s). It excludes tax staff or personnel whose role is to assist the attest engagement staff or team in the tax computation, accrual and tax disclosure.]
CPE Credit for Published Books and Articles
Credit for published material may be awarded for CPE after publication and subsequent approval by the Board. Requests for evaluation and credit should be submitted on the Checklist for Evaluations of Published Material for CPE Credit form.
Board Rule §1309 provides that credit for writing published articles, books, and CPE programs will be awarded in an amount determined by a board representative provided the writing contributes to the professional competence of the certificate holder. The board and author may choose to mutually approve a third party representative. CPAs requesting a third party representative will be charged a fee; the fee is to be negotiated and agreed upon prior to the engagement.
The maximum credit allowed for preparation of articles and books cannot exceed 10 hours of continuing professional education earned in a calendar year; excess hours in a calendar year cannot be used for CPE credit.
CPE Credit for Teaching College Courses (added April, 04)
Credit for services as a lecturer or speaker is awarded on the first presentation only, unless a program has been substantially revised. College courses at the junior, senior or graduate level according to the applicable accredited college or university’s degree program curriculum will be allowed for continuing professional education and may be claimed repetitively since these courses are considered to be “substantially revised” due to the continual changes that need to be incorporated in a course at this level.
Curriculum will be eligible for CPE on the first presentation only. Repeat presentations are not considered to be “substantially revised”. A CPA would have to provide evidence of substantial revision for the Board to consider allowing a repeat presentation.
Personal Development CPE Limitation (updated 09/20/15)
Personal Development CPE hours cannot exceed the annual limit of 20 hours. Personal development is the field of study that includes self-management and self-improvement both inside and outside of the business environment.
CPE Rule §1309 F (updated 07/16/19)
This rule now encompasses a number of examinations by Board approval. CPE credit is awarded at a rate of 5 times the length of the exam passed but is limited to 20 hours annually. The Board approved list of exams appears below. Please check with the Board office if you would like the Board to consider an exam that is not listed.
|CMA||Certified Management Accountant|
|CISA||Certified Information Systems Auditor|
|CFP||Certified Financial Planner|
|CFE||Certified Fraud Examiner|
|CIA||Certified Internal Auditor|
|CGFM||Certified Governmental Financial Manager|
|CGMA||Certified Global Management Accountant|
|CGFOMCP||Certified Govtl Financial Officer (LA Govtl Fin Officers Assoc.)Microsoft Certified Professional|
|ChFC||Chartered Financial Consultant|
|PFS||Personal Financial Specialist|
|Series 6||Investment Co. Products/Variable Contracts Rep. Exam|
|Series 7||General Securities Registered Representative|
|Series 27||Financial Industry Regulation Authority / Financial and Operations Principal|
|Series 63||Uniform Securities Agent State Law Examination|
|Series 65||Investment Advisor|
|Series 66||Financial Advisor License|
|AIAF/FLMI||Associate, Insurance Accounting and Finance / LOMA and IIA
Consists of 5 exams: FLMI 290, FLMI 371, AIAF 112, AIAF 113, AIAF 400.
|FLMI 301||Insurance Administration|
|FLMI 361||Accounting and Financial Reporting in Life and Health Insurance|
|COPAS||Exams / Modules (8 sections)|
|Notary||Notary Public examination|
|CRC||Credit Risk Certified (RMA – Risk Management Association)|
CPE Ethics Course – specific requirement
An Ethics requirement is included for the 2020 CPE Report Year. Every licensed CPA who is subject to mandatory CPE for 2020 will have to complete an approved 3-hour Ethics course (unless the CPA meets the exception for out-of-state CPAs discussed below.)
The below courses are also approved for those whose license expired in a prior year and now wish to reinstate their license.
Louisiana licensed CPAs must take one of the following 3-hour Professional Ethics in 2020:
- “2020 Ethics Course for Louisiana CPAs in Public Practice” (LCPA developed)
Live, self-study and webinar course offered through Society of Louisiana CPAs (LCPA)
2020 Ethics Course for Louisiana CPAs in Public Practice – (504) 464-1040 or (800) 288-5272
- “2020 Ethics Course for Louisiana CPAs in Non-Public Practice” (LCPA developed)
Live, self-study and webinar course offered through Society of Louisiana CPAs (LCPA)
2020 Ethics Course for Louisiana CPAs in Non-Public Practice – (504) 464-1040 or (800) 288-5272
- “Louisiana Ethics for CPAs” (by Surgent McCoy CPE, LLC)
Live, self-study and webinar course offered through Surgent McCoy CPE, LLC
Louisiana Ethics for CPAs – (800) 778-7436
Self-study course offered through CPA Self Study
Louisiana Ethics for CPAs – (317) 912-4273
- “2020 Personal and Professional Ethics for Louisiana CPAs” (developed by Dr. Raymond Clay)
Self-study course offered through Thomson Reuters
2020 Personal and Professional Ethics for Louisiana CPAs – (800) 431-9025
- “Professional Ethics for Louisiana CPAs” (developed by DeltaCPE)
Self-study course offered through MasterCPE LLC
Professional Ethics for Louisiana CPAs – (800) 957-7379
Self-study course offered through CPEThink
Professional Ethics for Louisiana CPAs – (888) 273-0273
Self-study course offered through Kaplan Financial Education
Professional Ethics for Louisiana CPAs – (866) 265-1561
OUT-OF-STATE ETHICS EXCEPTION
If you are a CPA who meets all of the criteria below, then you may report your completion of an out-of-state ETHICS course earned in the same reporting year as required by Louisiana instead of one of the Louisiana specific Board-approved Professional Ethics courses:
- You primarily practice or work outside of Louisiana, and
- You have a valid active CPA license (to practice public accounting) issued by the state board in which you primary live or practice in outside of Louisiana, and
- That state board has an ETHICS continuing education requirement during the same reporting year as required by Louisiana.
NOTE: Registrants who are registered in inactive or retired status are exempt from the board’s CPE requirements, and accordingly are exempt from any Ethics course requirement.
Individual study programs – commonly referred to as “self-study CPE”
The Board accepts only “interactive” self-study. “Interactive” self-study programs simulate a classroom learning process by providing ongoing responses and evaluation to the learner. The program is required to:
- Ask questions during the learning process to test the learner’s understanding;
- Provide evaluative response to incorrectly answered questions; and
- Provide reinforcement responses to correctly answered questions.
Example – On-line course that asks the learner questions throughout the program and the responses help the learner understand the material, by referring the reader back to the applicable section of the reading materials and explaining why the answer was incorrect.
Interactive self-study credit hours are based on one-hour of credit for each 50 minutes of average completion time IF the sponsor meets the current AICPA/NASBA CPE standards. Self-study courses offered by the AICPA, courses of providers that are registered with NASBA and indicate which of their courses are interactive, and those who are Quality Assurance Service (QAS) CPE sponsors are all acceptable as “interactive” programs.
There is no limitation on the number of hours a Louisiana CPA can obtain through self-study. Of course, all CPE must consist of a formal program of learning, which contributes directly to their professional knowledge and professional competence. Therefore, magazines and reference materials do not qualify as CPE, because they are not designed as an educational program.
“Live Webcast” CPE (added Feb, 04)
Technology now allows a participant to attend a “webcast” live CPE presentation from their home or office. This type of CPE will be considered to be a “live” presentation if the program is broadcasted live and an appropriate method of attendance is determined by the vendor. The sponsor must verify the participant’s attendance throughout the course delivery in a manner acceptable to the Board. As formal live CPE programs qualify for one (1) CPE hour for each full 50 minutes of attendance, “Live Webcast CPE” may be credited in the same manner.
Inactive or Retired CPAs
CPAs who hold an inactive or retired certificate do not have any CPE requirement and may not practice as CPAs in Louisiana. Although “CPA inactives” do not report CPE to this Board, CPE may be required of them by the AICPA to maintain membership in the association.