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 30-1-4.3 - Qualifying Programs

Current through June 25, 2024
Rule 4.3.1. The overriding consideration in determining
				  whether a specific program qualifies as acceptable continuing education is that
				  it must be a formal program of learning which contributes directly to the
				  professional competence of an individual licensee.
Rule 4.3.2. The intent of this regulation is that each
				  licensee shall obtain sufficient CPE to assure professional competence in his
				  or her field of employment or practice area, such as attest work and/or
				  compilation of financial statements as defined by these Board rules and to
				  satisfy the CPE requirements of other regulatory authorities and peer
				  review.
Rule 4.3.3. Rescinded.
Rule 4.3.4. The responsibility for ascertaining and
				  substantiating that a particular course or other program for which credit is
				  claimed is acceptable and meets these continuing professional education
				  requirements rests solely upon the licensee.
Rule 4.3.5. Personal development courses or classes such as
				  principle-centered leadership, career planning, and time management, that meet
				  the requirements of Rules 4.3.1. and 4.3.6. will be considered acceptable
				  continuing professional education. No more than 20 hours CPE credit for
				  personal development courses or classes may be claimed in a CPE compliance
				  year. No personal development hours earned in excess of 20 in a compliance year
				  may be carried forward to future years.
Rule 4.3.6. A qualifying program may be a group live program
				  which permits a participant to learn a given subject through interaction with
				  an instructor and other participants either in a conference or classroom
				  setting. However, subject to the condition that the subject matter meets the
				  requirements of this rule and the activities maintain or improve the individual
				  licensee's professional competence, the following programs also may qualify for
				  CPE credit hours:
(a) Formal
				correspondence, other individual self-study programs, and internet based
				programs. The Board will only accept the aforementioned programs from CPE
				sponsors that are approved by the Quality Assurance Services (QAS) program of
				the National Association of State Boards of Accountancy (NASBA). A licensee
				claiming credit hours for such courses will be required to obtain evidence of
				satisfactory completion of the course from the sponsor. Credit will be allowed
				in a compliance period in which the course is completed with a successful final
				examination.
Independent study is not allowed. Such as, quizzers or
				  programs requiring only the reading of reference materials, professional
				  literature, or publications whether or not followed by a test are not allowable
				  as CPE credit. Studying for examinations not established as formal programs of
				  study and meeting these requirements are not allowable as CPE credit.
(b) Published articles and books.
				CPE credit hours may be claimed for published articles and books authored
				directly by the licensee provided they contribute to the professional
				competence of the licensee. The request should be accompanied by a copy of the
				article(s) or book(s) and an explanation of the circumstances and the number of
				hours requested. The amount of credit so awarded will be determined by the
				Board. Editing or reviewing another's publication is not allowable as CPE
				credit.
(c) University or college
				credit courses. Each semester hour credit shall equal fifteen (15) CPE credit
				hours toward the requirement. Each quarter hour credit shall equal ten (10) CPE
				credit hours.
(d)University or
				college non-credit short courses. Each classroom hour will equal one qualifying
				hour.
(e)Formal organized in-firm
				education programs. Portions of such meetings devoted to administrative and
				firm matters cannot be included.
(f) Programs sponsored by recognized
				professional organizations such as government agencies, NASBA, and state
				societies of CPA's. Also qualifying are technical sessions at meetings of such
				organizations and their chapters. Additional approved sponsors are those
				included on the NASBA National Registry of CPE Sponsors.
(g)Lecturer, instructor or discussion leader.
				The credit to be granted for service as a lecturer, instructor or discussion
				leader of an acceptable formal program will be equal to the licensee's
				preparation time up to twice the number of actual classroom hours of the
				lecture or session. However, no additional credit will be allowed for
				repetition of the same program.
(h)
				Continuing legal education. A CPA who has a current license to practice as an
				attorney and is practicing as an attorney, not in public accounting, may
				include toward the Board's annual CPE requirement programs qualified and earned
				for CLE (continuing legal education).
Rule 4.3.7. The Board will not approve any program that does
				  not offer sufficient evidence that the work has actually been
				  accomplished.
Rule 4.3.8. Rescinded.
Miss. Code Ann. §
				  73- 33-5 (f)