Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 4 - Continuing Professional Education (CPE) › Rule 30-1-4.1 - Compliance Requirements

Current through June 25, 2024
Rule 4.1.1. To receive a CPA license and to annually renew a
				  CPA license, an individual must complete and report at a minimum, the CPE
				  credit hours required under this rule accrued during the applicable compliance
				  & reporting period and on forms prescribed by the Board by August 1
Rule 4.1.2. All licensees must participate in a minimum of
				  40 CPE credit hours within each one year (twelve month) compliance period
				  ending June. Only 20 of the 40 hours may be from carry-over hours as referred
				  to in Rule 4.1.4.
Rule 4.1.3. Effective with the triennial period beginning
				  July 1, 2007, a minimum of three (3) CPE credit hours must be earned in a Board
				  approved Ethics and Professional Conduct course(s) every three years. Also,
				  effective with the triennial period beginning July 1, 2007, a minimum of one
				  (1) CPE credit hour must be earned in Public Accountancy Law and Regulations
				  course. No carry-over may be used to satisfy this requirement.
Rule 4.1.4. Effective with the CPE compliance year beginning
				  July 1, 2017, if more than 40 CPE credit hours are accumulated in a one year
				  compliance period, the excess hours up to a maximum of 20 CPE credit hours may
				  be carried over and applied to the CPE requirement for the immediately
				  following one year compliance period. Existing CPE credit carry over will be
				  limited to 20 hours beginning July 1, 2017.
Rule 4.1.5. An initial applicant for a license shall be
				  exempt from earning CPE credit hours during the compliance period in which he
				  completes the examination and exempt from the Ethics, Professional Conduct,
				  Public Accountancy Law and Regulations CPE requirement for the remaining of
				  that triennial compliance period. However, any CPE hours earned during that
				  time may be carried forward subject to Rule 4.1.4. In addition, the individual
				  must satisfy the reporting requirements described in Rule
				  4.2. even if the CPE credit hours is
				  zero.
Rule 4.1.6. An individual who has applied and been granted
				  by the Board the use of "CPA (retired)" or "Certified Public Accountant
				  (retired)" as described in Rule
				  2.5.,
Retirement Status or
				  Permanent Disability
, is exempt from the CPE requirements described in
				  this rule.
Rule 4.1.7. Rescinded.
Rule 4.1.8. A former licensee whose license registration has
				  been canceled for failure to register or canceled voluntarily who makes
				  application for reinstatement must pay the required fees and penalties and must
				  accrue the minimum CPE credit hours missed as a result of not being registered,
				  subject to a maximum of 200 CPE credit hours including the Ethics, Professional
				  Conduct, Public Accountancy Law and Regulations CPE requirement applicable to
				  the compliance period(s), in lieu of resitting for the CPA examination, and in
				  accordance with Rule
				  2.4.,
Reinstatement of a
				  License
. A former licensee whose license has been revoked or suspended
				  may make application for reinstatement in accordance with the provision of the
				  Trial Board order and shall pay the required fees and penalties and shall
				  accrue the minimum CPE credit hours missed unless otherwise provided per the
				  order.
Rule 4.1.9. The Board may in its discretion annually make
				  exceptions to the CPE credit hour requirements set out in this rule if:
(a) a licensee's primary employment is not in
				Mississippi but is in a State whose CPE requirements are substantially
				equivalent to Mississippi's requirements as determined by the Board and the
				individual is a licensee in that State of primary employment and reports those
				CPE credit hours as required per Rule
				4.2. with a sworn statement to the
				Board that the CPE requirements for that jurisdiction have been met. Except the
				individual must comply with the Ethics, Professional Conduct, Public
				Accountancy Law and Regulations CPE requirement unless his State of primary
				employment has an ethics CPE requirement and he complies with that
				requirement;
(b)a licensee shows
				reasons of health, certified by a medical doctor, that prevent compliance with
				the CPE requirement. A licensee must annually petition the Board for the
				exemption and provide documentation that clearly establishes the period of
				disability and the resulting physical limitations;
(c) a licensee is on extended active military
				duty during the period for which the exemption is requested, and files a copy
				of orders to active military duty with the Board;
(d)a licensee shows other good cause and
				reasons which prevent compliance that is acceptable to the
				Board.