Pan American Life Center
601 Poydras Street, Suite 1770
New Orleans, LA 70130
Phone: (504) 566-1244
Fax: (504) 566-1252
Rules & Statutes
CPE Rule Changes for 2016 – Adopted 09/20/2015
Adoption of the amended CPE Rules was finalized on September 20, 2015.
As we approach the end of the current 3-year reporting cycle for CPE, the Board determined rule changes for earning and reporting your CPE in the future were warranted. In a profession where competence has been a hallmark and the public expects accountability, it is important that CPAs remain current and relevant in maintaining their knowledge and competence. It is critical that every CPA do this if the profession is to maintain its integrity and respect with the public.
Starting January 1, 2016 for the 2016 reporting year, Louisiana licensed CPAs will be required to report CPE hours annually to the State Board during the annual renewal process instead of every third year as currently required. Conceptually, each CPA should earn 40 hours each year. There will continue to be minimum requirements for those CPAs who perform attest services, and annual limits on hours earned in areas like personal development, presentation and teaching, publishing, etc.
To allow for flexibility, Louisiana licensed CPAs will be required to earn and report a minimum of 20 hours of CPE each year.
Equally important is that the current year’s reported CPE hours will be combined with the preceding year’s reported CPE hours (starting with the 2017 reporting year); the total CPE hours earned and reported for that rolling 2-year period must equal at least 80 hours. Going forward in any given year, the sum of that current year’s hours and the prior year’s hours must always equal at least 80 hours. As noted above, conceptually each CPA should earn 40 hours each year.
The Board is also working on electronic reporting of CPE hours to better manage these changes. Information on electronic reporting will be provided as it becomes available.
The new rules (Chapter 13 only) can be accessed at this link:
Information About the “Louisiana Accountancy Act” and Board Rules
The state statutes that establish the State Board and provide for its authority to license and regulate CPAs in Louisiana are collectively called the Louisiana Accountancy Act.
Updates to the statutes were adopted by the Louisiana Legislature during the 2016 Regular Legislative Session, and included changes to qualifications to sit for the CPA examination, allowing firm mobility, enabling the Board to add a CPA-Retired status, fee structure and schedule changes, and updating the definition of attest engagements.
You may download a copy of these statutes at this link: Louisiana Accountancy Act – August 1 2016
The State Board has rulemaking authority:
–> Chapter 13 of the Board’s Rules covers CPE.
–> Chapter 17 of the Board’s rules covers the Rules of Professional Conduct for Louisiana CPAs.
You may download a copy of the Board Rules at this link:
LAC 46v19 Board Rules 092015
Statements of Position
The following statements of position provide additional guidance on the named topics.