Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 2010 - Missouri State Board of Accountancy › Chapter 2 - General Rules › Section 20 CSR 2010-2.041 - Eligibility Requirements for the CPA Examination

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule is being amended to implement the
				  provisions of House Bill 2046 which became effective August 28,
				  2020.
(1) The applicant must
				comply with section
				326.277,
				RSMo.
(2) The equivalent of a
				concentration in accounting shall be determined in the following manner:
(A) For candidates whose applications for
				the initial examination are or were received prior to June 30, 2021, the
				concentration or major in accounting, or the equivalent of a concentration in
				accounting shall be sixty (60) semester hours of accounting and other related
				courses. At least thirty-three (33) semester hours shall be accounting courses
				with at least one (1) course in auditing and at least eighteen (18) semester
				hours of accounting courses taken at the upper division level. For the purposes
				of this rule "upper division level" courses shall mean courses taken beyond the
				elementary level. The remaining twenty-seven (27) semester hours shall be in
				accounting or other areas of business administration such as business law,
				statistics, economics, finance, marketing, management, information technology
				and business communications. These courses shall be taken at an accredited
				college or university recognized by the board.
(B) For candidates whose applications for
				initial examination are received on or after June 30, 2021, the concentration
				in accounting shall include a total of at least forty-eight (48) semester
				hours, including a minimum of twenty-four (24) semester hours of accounting and
				twenty-four (24) semester hours of business courses. These courses shall be
				taken at an accredited college or university recognized by the board.
1. Accounting courses should include some or
				all of the following:
A. Accounting
				information systems;
B. Accounting
				research and analysis;
C.
				Attestation engagements;
D. Data
				analytics, data interrogation techniques, and/or digital acumen in an
				accounting context, whether taken in the business school or in another college
				or university program, such as the engineering, computer science, or math
				programs;
E. Ethics (accounting
				course);
F. Financial accounting
				and reporting for business organizations;
G. Financial accounting and reporting for
				government and not-for-profit entities;
H. Financial statement analysis;
I. Financial statement auditing;
J. Formal independent study;
K. Formal internships;
L. Fraud examination;
M. Internal controls and risk
				assessment;
N. Managerial or cost
				accounting;
O. Mergers and
				acquisitions;
P. Tax and financial
				planning;
Q. Taxation;
R. Tax Research and analysis; or
S. Other accounting-related content areas
				included in the Uniform CPA Examination Blueprints or as may be approved by the
				board.
2. Business
				courses should include some or all of the following:
A. Business communications;
B. Business law;
C. Data analytics, data interrogation
				techniques, and/or digital acumen, whether taken in the business school or in
				another college or university program, such as the engineering, computer
				science, or math programs;
D.
				Economics;
E. Ethics (business
				course);
F. Finance;
G. Formal independent study;
H. Formal internships;
I. Information systems or
				technology;
J.
				Management;
K. Marketing;
L. Quantitative methods;
M. Statistics; or
N. Other business-related content areas
				included in the Uniform CPA Examination Blueprints or as may be approved by the
				board.
3. Of the
				forty-eight (48) semester hours, a maximum of nine (9) semester credit hours
				may be from formal, supervised internships or independent study in the areas of
				accounting and business in undergraduate and/or graduate level
				courses.