Louisiana Administrative Code › Title 46 - PROFESSIONAL AND OCCUPATIONAL STANDARDS › Part XIX - Certified Public Accountants › Chapter 13 - Maintenance of Competency; Continuing Professional Education (CPE) › Section XIX-1307 - Subjects which Qualify

Current through Register Vol. 50, No. 6, June 20, 2024
A. The
				following general subject matters are acceptable as long as they contribute to
				the professional knowledge and professional competence of the individual
				certificate holder and are relevant to the services rendered or to be rendered
				by the individual certificate holder in public practice, industry, academia or
				government.
1. Accounting and Auditing. This
				field of study includes accounting and financial reporting subjects,
				pronouncements of authoritative accounting principles issued by the
				standard-setting bodies and any other related subject generally classified
				within the accounting discipline. It also includes auditing subjects related to
				the examination of financial statements, operations systems, and programs; the
				review of internal and management controls; the reporting on the results of
				audit findings; compilations, reviews, and preparations. It also includes
				assurance services that relate to standards for attest engagements.
2. Consulting. This field of study deals with
				all advisory services provided by professional accountants. Services provided
				that encompass those for management such as designing, implementing, and
				evaluating operating systems for organizations as well as business advisory
				services and personal financial planning. The systems include those dealing
				with planning, organizing and controlling any phase of individual financial
				activity or business activity. Subjects may include designing and implementing
				a computer system to process the financial and management operations of a
				business; litigation support services and the related fields of law; personal
				financial planning services; investment planning for individuals or
				organizations; and management advisory services. This Subsection is primarily
				for consultants in public practice; however, internal consultants employed by a
				business entity providing advisory services within the entity may also use
				these subjects.
3. Taxation. This
				field of study includes subjects dealing with tax compliance and tax planning.
				Compliance covers tax return preparation and review and IRS examinations,
				ruling requests, and protests. Tax planning focuses on applying tax rules to
				prospective transactions and understanding the tax implications of unusual or
				complex transactions. Recognizing alternative tax treatments and advising on
				tax saving opportunities are also part of tax planning.
4. Management. This field of study considers
				the management needs of individuals in public practice, industry, and
				government. Acceptable subjects for individuals in public practice concentrate
				on the practice management area, such as organizational structures, marketing
				services, and administrative practices. For individuals in industry or
				government, there are subjects dealing with the financial management of the
				organization, including information systems, budgeting, asset management, as
				well as buying and selling businesses, contracting for goods and services, cost
				analysis and foreign operations. In general, the emphasis in this field is on
				the specific management needs of certificate holder's and not on general
				management skills.
5. Specialized
				Knowledge and Applications. This field of study treats subjects targeted to
				specialized industries, such as not-for-profit organizations, health care, oil
				and gas. An industry is specialized if it is unusual in one or more of the
				following ways: form of organization, economic structure, legislation of
				regulatory requirements, marketing or distribution, terminology, technology;
				and either employs unique accounting principles and practices, encounters
				unique tax problems, requires unique advisory services, or faces unique audit
				issues. This area applies to certificate holders in the three employment areas,
				i.e., public practice, industry, and government. A certificate holder would use
				this classification for courses not already reportable under categories listed
				in §1307.
				A 1-4, such as Medicare cost reporting or
				rate regulations in the telephone and utility industry.
6. Personal Development. Personal Development
				is the field of study which includes self-management and self-improvement both
				inside and outside of the business environment. It includes issues of quality
				of life, interpersonal relationships, self-assessment, and personal
				improvement. Personal Development courses are intended to be more of a
				self-improvement category, as compared to courses that are directly related to
				the certificate holder's job duties or job requirements. Courses above the
				basic skill level that otherwise might qualify as Personal Development courses
				may be claimed in the management area or the consulting area if they relate to
				the certificate holder's job duties or job requirements.
7. Professional Ethics. Professional Ethics
				includes the study of the codes of professional ethics applicable to all CPA
				registrants and their effect on business decisions.