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The Road To CPA Licensure. Presented by: Tennessee State Board of Accountancy. First Consideration. The designation of “certified public accountant” shall be granted to persons: of good moral character who meet requirements for Education Experience Examination.

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the road to cpa licensure

The Road To CPA Licensure

Presented by:

Tennessee State Board of Accountancy

first consideration
First Consideration
  • The designation of “certified public accountant” shall be granted to persons:
    • of good moral character
    • who meet requirements for
      • Education
      • Experience
      • Examination
definition good moral character
Definition: Good Moral Character
  • Lack of a history of dishonest or felonious acts
education
Education
  • Baccalaureate Degree – major in Accounting is not required
  • 150 successfully completed semester hours
    • 30 in Accounting
      • 24 at Junior or higher level
    • 24 in General Business
      • 12 at Junior or higher level
beginning testing before coursework completed
Beginning Testing Before Coursework Completed
  • Must Complete Coursework within 200 days of completing 1st part of exam
  • Extension of 200 days may be granted by Board for extenuating circumstance(s)
players in the cpa exam
Players In the CPA Exam
  • AICPA
    • Designs, Prepares and Scores Exam
  • NASBA
    • Evaluates Credentials and Approves Candidates to Sit for Exam
  • Prometric
    • Provides Scheduling and Physical Facilities for Exam
cpa examination
CPA Examination
  • CPAES (CPA Examination Services)
    • Receives Application for Examination
    • Reviews and Confirms Education Requirements
    • Processes and Receives Fees for Examination
    • Provides Permission to Schedule Examinations
    • Processes Special Accommodations
    • Distributes Score Notices
cpaes continued
CPAES Continued
  • After deeming candidate eligible to sit for exam – CPAES sends ATT (Authorization to Test) to NASBA
  • NASBA then checks the NCD (National Candidate Database) to ensure candidate is not applying in multiple jurisdictions
  • Once ATT is completed, NCD generates NTS (Notice to Schedule)
what cpaes needs from you
What CPAES Needs from You
  • Completed Application
  • 2x2 Picture
  • Fee for Application
    • 1st time application $155.00 – doesn’t include test fees
  • Official Transcript(s)
    • Foreign Evaluation – if applicable
  • Authorization for Interstate Exchange if part of exam completed in another jurisdiction
costs of testing
Each Exam

AUD - $230.55

BEC - $180.95

FAR - $218.15

REG - $193.35

Retest – Need New NTS

One part - $70 + Test Fee

Two parts - $85 + Test Fees

Three Parts - $100 + Test Fees

Four Parts - $115 + Test Fees

Costs of Testing
what candidate can expect from cpaes
What Candidate Can Expect from CPAES
  • Notice of Deficiencies – if present
  • Notice to Schedule (NTS) – has expiration date
examination schedules
Examination Schedules
  • Testing Months (Windows)
    • January & February
    • April & May
    • July & August
    • October & November
  • Other months (March, June, September and December) are quiet months
    • Exams Updated
    • Scoring Completed
scheduling
Scheduling
  • Schedule as far ahead as possible
  • Attempting to schedule late in the second month of a “window” may result in no seats available
passing scores
Passing Scores
  • Auditing & Attestation – 75
  • Business Environment & Concepts – 75
  • Financial Accounting & Reporting – 75
  • Regulation – 75
  • 14 Hour Exam
ethics examination
Ethics Examination
  • Must score 90% or better
  • Online Examination
  • Offered by –
    • AICPA
    • TSCPA

When applying for Ethics Examination - must let providers know where to send scores

application for state licensure
Application for State Licensure
  • Both CPAES and AICPA/TSCPA submit examination scores to TNSBA (Tennessee State Board of Accountancy)
  • When both scores received at TNSBA a CPA application is mailed to candidate at the address provided by the ethics exam provider
tnsba application process
TNSBA Application Process
  • Actual Application for Licensure In TN is ONE Page Long
    • Identifying Information
    • Current Employment Information
    • Questions Concerning Felony, Fraud and Discipline by Any Professional Organization
    • Statement Indicating You Have Read Laws & Rules of Accountancy Board
    • Experience Confirmation
why such a brief tn application
Why Such a Brief TN Application
  • CPAES provides the following to TNSBA after Successful Completion of CPA Exam
    • Actual application to CPAES for Exam
    • Candidate Eligibility Summary
    • History of Exam Sittings and Scores
    • Transcripts

Therefore, TN already has a lot of information about you

actual approval process
Actual Approval Process
  • Completed File is Reviewed by TNSBA Executive Director
  • If Approved –
    • Letter of Congratulations is Generated and Mailed
    • Wall Certificate (Suitable for Framing Document) is Requested
actual wall certificate
Actual Wall Certificate
  • The blank form is generated and sent to calligrapher for licensee name, certificate number and date of issue to be entered
  • Form comes back from calligrapher
  • Form is individually signed by Board members and Executive Director
      • Board meets quarterly
  • Wall certificate is mailed to licensee
what to expect to keep your license
What to Expect to Keep Your License
  • Your license will show a license expiration date – take note
  • You must renew your license before it expires
  • You will be sent a postcard to remind you to renew your license
    • The postcard will be sent to your last mailing address of record filed with TNSBA
basic license renewal requirements
Basic License Renewal Requirements
  • Pay license renewal fee
  • Complete Continuing Professional Education
in closing
In Closing:
  • The Accounting Profession offers many opportunities. Licensed professionals assume many different positions in company management as well as in government. And, of course in public practice.
  • Protect your license! Know the Laws and Rules of the state in which you are licensed. Use the State Board of Accountancy to answer any questions you may have – we are there to assist you.
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Thank you for your time and attention!
  • Feel free to contact us:
    • Telephone: 615-741-2550
    • E-Mail: [email protected]
    • http://tn.gov/commerce/boards/tnsba/index.shtml
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