Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 2010 - Missouri State Board of Accountancy › Chapter 4 - Continuing Education Requirements › Section 20 CSR 2010-4.031 - Continuing Professional Education (CPE) Documentation

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment clarifies language on CPE
				  deficiencies.
(1) Continuing
				Professional Education (CPE) Records.
(A) All
				licensees must maintain documentation demonstrating compliance in meeting their
				CPE requirements.
(B) Acceptable
				documentation.
1. Licensees shall demonstrate
				compliance in meeting their CPE requirements by maintaining and providing
				certificates of completion from the American Institute of Certified Public
				Accountants (AICPA), a state society of CPAs, or a registered National
				Association of State Boards of Accountancy (NASBA) CPE Program Sponsor. Program
				Sponsors may be verified at the NASBA website:
https://nasba.org
.
2. Licensees seeking credit for CPE from any
				non-registered NASBA program, other than the AICPA or a state society of CPAs,
				shall maintain and provide the following documentation:
A. Program materials;
B. Agenda with dates, times, and
				locations;
C. Sign-in
				sheets/records of attendance;
D.
				Number of CPE credits earned by participants;
E. Name, contact information, and
				qualifications of the developer;
F.
				Name, contact information, and qualifications of the reviewer;
G. Results of program evaluations;
				and
H. Other information or
				documentation as the board may request.
(C) Responsibility for documenting the
				acceptability of the program and the validity of the credits rests with the
				applicant or license holder who shall retain such documentation for a minimum
				of five (5) calendar years from the end of the year in which the learning
				activities were completed.
(D) The
				board may verify the CPE reported by applicants for licensure and licensees.
				Licensees who do not provide the board with either a completed certificate from
				the AICPA, a state society of CPAs, or a registered NASBA CPE program sponsor,
				or the documentation required for a non-registered NASBA program, will not
				receive CPE credit. In cases where the board determines that the requirement is
				not met, the board may grant an additional period of time in which the
				deficiencies may be cured.
(E)
				Beginning January 1, 2021, a licensee in good standing may cure their CPE
				deficiencies due to a disallowance of courses or hours by the board as follows:
1. A licensee shall have thirty (30) days
				from the date of notice of the board's assertion of a licensee's failure to
				comply with the annual qualifying CPE requirements to provide the acceptable
				documentation set forth in subsection (1)(B) above, or obtain qualifying CPE
				hours;
2. Licensees requesting to
				use the above cure period shall submit a written application to the board on a
				form provided by the board no later than thirty (30) days from the date of the
				board's notice; and
3. To cure a
				deficiency, a licensee must, within thirty (30) days of the notice to cure-
A. Submit the acceptable documentation for
				hours denied; and/or
B. Complete
				new CPE courses and provide acceptable documentation.
(F) Failure to comply with CPE
				requirements and/or fraudulent reporting of CPE is a basis for disciplinary
				action.