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 2010-4.020 - Qualifying Programs

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment clarifies certification
				  courses used towards continuing education requirements.
(1) Programs Qualifying for Continuing
				Professional Education (CPE) Credit.
(A)
				Standards. A program qualifies as acceptable CPE if the program meets or
				exceeds the minimum standards of quality of development, presentation,
				measurement, and reporting of credits set forth in the Statement on Standards
				for Continuing Professional Education (CPE) Programs jointly approved by the
				National Association of State Boards of Accountancy (NASBA) and the American
				Institute of Certified Public Accountants (AICPA) or such other standards
				acceptable to the board.
(B) The
				Statement on Standards for Continuing Professional Education (CPE) Programs,
				revised December 2019 and effective December 31, 2019, published by the NASBA
				and AICPA are incorporated in this rule by reference. A copy of the Statement
				on Standards for Continuing Professional Education (CPE) Programs may be
				obtained online at
www.nasbaregistry.org
, or by
				contacting NASBA, 150 Fourth Avenue N., Suite 700, Nashville, TN, 37219 or
				AICPA, 1211 Avenue of the Americas, New York, NY 10036. This rule does not
				incorporate any later amendments or additions to the standards.
(C) Subject Areas. The board will accept
				programs meeting the standards set forth in the Statement on Standards for
				Continuing Professional Education (CPE) Programs (December 31, 2019) and as set
				forth in this rule. The board will accept the following sources of CPE as
				defined in the Statement on Standards:
1.
				Group programs;
2. Self-study
				programs;
3. Blended learning
				programs;
4. Nano-learning
				programs;
5. Instructor/developer
				of CPE programs;
6. Technical
				reviewer of CPE programs or work on technical committees;
7. Independent study through a CPE
				program;
8. College or university
				courses in accounting or accounting-related field of study; except basic or
				introductory accounting courses or CPA exam preparation/review courses;
				and
9. Authorship of published
				articles, books, and other publications relevant to maintaining or improving
				professional competence. Authorship hours claimed for CPE shall not exceed two
				(2) hours in any calendar year.
(D) Authoring a program. A licensee may
				receive CPE credit for authorship of published articles, books and other
				publications relevant to maintaining or improving professional competence upon
				the following conditions:
1. The board
				determines that the research and writing maintain or improve the professional
				competency of the author or writer as a CPA;
2. The number of credit hours claimed is
				consistent with the quality and scope of the article, book, or
				program;
3. CPE credits may be
				claimed only upon publication. A licensee shall not receive CPE credit for
				re-authoring or re-presenting the same or substantially similar
				program;
4. To receive CPE credit
				for authorship, the material must contain a minimum of seven hundred fifty
				(750) words. CPE credit for authorship is determined by the number of words
				divisible by seven hundred fifty (750) (# of words / 750 = 1 CPE hour). The
				number of words do not include any material not critical to the publication.
				Examples of material that is not critical and, therefore, excluded from the
				word count are the introduction, biographies, table of contents, glossary,
				reference materials (including, but not limited to, recitation of an accounting
				rule or regulation), or appendices;
5. CPE credit for authorship will be granted
				only in one (1) hour increments. Where the word count formula exceeds a one (1)
				hour increment, the final total is rounded down to the nearest full hour;
				and
6. If requested, a copy of the
				publication shall be provided to the board in electronic format.
(E) Certifications Related to
				Profession. A licensee may receive continuing professional education (CPE)
				credit for certifications related to the profession that are relevant to
				maintaining or improving professional competence upon the following conditions:
1. CPE credit may only be claimed upon
				receipt of a completed verifiable certificate demonstrating the licensee has
				successfully obtained certification within the applicable CPE reporting period.
				CPE hours granted will be based on the year the certificate was
				issued.
2. Upon review of the
				course/certification content and requirements, the board will determine the
				number of CPE hours that can be claimed for successful completion of the
				certification;
3. The following
				initial certifications will be accepted by the board for CPE hours, as
				designated:
A. Advanced Audit
				Certification-CAMS Audit (ACAMS). Eligible for ten (10) CPE hours;
B. Certified Accounts Payable Professional
				Exam (CAPP). Eligible for twenty (20) CPE hours;
C. Certified Anti-Money Laundering
				Specialists (CAMS). Eligible for ten (10) CPE hours;
D. Certified Financial Planner (CFP).
				Eligible for thirty (30) CPE hours;
E. Certified Fraud Examiner (CFE). Eligible
				for twenty-five (25) CPE hours;
F.
				Certified Government Financial Planner (CGFM). Three- (3-) part exam, eligible
				for ten (10) CPE hours per exam;
G.
				Certified Information System Auditor Exam (CISA). Eligible for fifteen (15) CPE
				hours;
H. Certified Investment
				Management Analyst (CIMA). Eligible for twenty (20) CPE hours;
I. Certified Management Accountant Exam
				(CMA). Two-(2-) part exam, eligible for twenty (20) CPE hours per
				exam;
J. Certified Treasury
				Professional Exam (CTP). Eligible for fifteen (15) CPE hours;
K. Chartered Alternative Investment Analyst
				Exam (CAIA). Two- (2-) part exam, eligible for twenty-five (25) CPE hours per
				exam;
L. Chartered Financial
				Analyst Exam (CFA). Three- (3-) part exam, eligible for thirty (30) CPE hours
				per exam;
M. Chartered Enterprise
				Risk Analyst (CERA). Five- (5-) part exam, eligible for fifteen (15) CPE hours
				per exam;
N. Enrolled Agent
				Certification. Eligible for twenty (20) CPE hours;
O. Chartered Financial Consultant (ChFC).
				Eligible for fifteen (15) CPE hours;
P. Series 6 Exam. Eligible for ten (10) CPE
				hours;
Q. Series 7 Exam. Eligible
				for twenty-five (25) CPE hours;
R.
				Series 63 Exam. Eligible for nine (9) CPE hours;
S. Series 65 Exam. Eligible for twenty (20)
				CPE hours;
T. Series 66 Exam.
				Eligible for fifteen (15) CPE hours.
4. Licensees seeking CPE for any course not
				set forth above may request the board determine appropriate credit by
				submitting the required documents as set forth in
				20 CSR
				2010-4.031.
5. Certificate renewals and recertifications
				are not eligible for CPE hours.