California Code of Regulations › Title 16 - Professional and Vocational Regulations › Division 1 - State Board of Accountancy › Article 12 - Continuing Education Rules › Section 87.1 - Continuing Education Requirements for New Licensees

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) Once a
				license is issued, a licensee is required to complete a two-hour regulatory
				review course as described in Section
				87.8 at any time between the date
				the initial license was issued and the first license expiration date. This
				continuing education shall be part of the total hours of continuing education
				required by this section but shall not be part of the continuing education
				required by subsection (c), (d), (e), (f) or (g).
(b) Once a license is issued, the licensee
				must complete 20 hours of continuing education as described in Section
				87(a)(2) and
				(a)(3) for each full six month period from
				the date the initial license was issued to the first license expiration date in
				order to fulfill the continuing education requirement for license renewal. If
				the time period between the date the initial license was issued and the first
				license expiration date is less than six full months, the only continuing
				education required for license renewal is the two-hour regulatory review course
				described in subsection (a).
(c) A
				licensee who is required to complete a total of 80 hours of continuing
				education pursuant to subsection (b) shall also complete four hours of ethics
				education pursuant to Section
				87(b).
(d) Once a license is issued, a licensee who
				engages in financial or compliance auditing of a governmental agency at any
				time between the date the initial license was issued and the first license
				expiration date shall complete six hours of governmental auditing continuing
				education as part of each 20 hours of continuing education required under
				subsection (b). Continuing education in the areas of governmental accounting
				and auditing shall meet the requirements of Section
				87(c). A licensee
				who meets the requirements of this subsection shall be deemed to have met the
				requirements of subsection (e).
(e)
				Once a license is issued, a licensee who engages in audit, review, compilation,
				or attestation services at any time between the date the initial license was
				issued and the first license expiration date shall complete six hours of
				continuing education in accounting and auditing as part of each 20 hours of
				continuing education required under subsection (b). Continuing education in the
				areas of accounting and auditing shall meet the requirements of Section
				87(d).
(f) Once a license is issued, a licensee who
				provided preparation engagements as his/her highest level of service at any
				time between the date the initial license was issued and the first license
				expiration date shall complete a minimum of two hours of continuing education
				in courses described in Section
				87(e) as part of
				each 20 hours of continuing education required under subsection (b).
(g) A licensee who is required to complete a
				total of 80 hours of continuing education pursuant to this section and must
				complete continuing education pursuant to subsection (d), (e), or (f) shall
				also complete an additional four hours of continuing education specifically
				related to the prevention, detection, and/or reporting of fraud affecting
				financial statements. This continuing education shall be part of the total
				hours of continuing education required by this section, but shall not be part
				of the continuing education required by subsection (d), (e), or (f).
(h) If an initial license expires as defined
				in Section
				81(b)(2), the
				licensee must complete an additional 20 hours of continuing education as
				described in Section
				87(a)(2) and
				(a)(3) for each full six month period from
				the date of license expiration to the date on which the licensee applies for
				license renewal, up to a total of 80 hours of continuing education. If the time
				period between the date the license expired and the date on which the licensee
				applies for license renewal is less than six full months, no additional
				continuing education is required for license renewal.
(i) All continuing education required by this
				section shall be completed in the two-year period immediately preceding the
				date on which the licensee applies for license renewal. If the date on which
				the licensee applies for license renewal is less than two years from the date
				the initial license was issued, all continuing education must be completed on
				or after the date the initial license was issued.
(j) Failure to Comply.
A licensee's willful failure to comply with the requirements
				  of this section shall constitute cause for disciplinary action pursuant to
				  Section 5100(g) of the Accountancy Act.
Note: Authority cited: Sections 5010 and 5027, Business and
					 Professions Code. Reference: Section 5028, Business and Professions
					 Code.
Note: Authority cited: Sections
					 5010
					 and
					 5027,
					 Business and Professions Code. Reference: Section
					 5028,
					 Business and Professions Code.