NASBA CPE Courses for CPAs
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Every CPA is required to pursue CPE to maintain their expertise, competence, and professionalism. If you fail to meet your CPE requirements on time, you risk losing the active status of your license.
The AICPA works to represent CPAs while the NASBA acts as a forum for all the state accountancy boards. In your bid to fulfill your CPE requirements, you’ve certainly heard of the term “NASBA CPE” unlimited times.
If you want to develop a solid knowledge of CPE NASBA, you’ve come to the right page. Here, we’ll discuss all the vital things related to NASBA CPEs, from the definition of NASBA CPE, NASBA CPE login, and NASBA CPE requirements to NASBA CPE credits, NASBA-approved CPE, NASBA CPE sponsors, and more.
Let’s start with the basics.
The objective of NASBA is to improve the efficacy of state accountancy boards and work to promote their common interests.
The following functions are served by NASBA:
· Encouraging state boards to have CPA designation’s reciprocal designation.
· Providing state CPA organizations with a platform to discuss vital issues.
· Providing a unified voice in American government agencies
In addition to these, there are NASBA CPE requirements that every CPA needs to comply with to keep their license active.
So, it basically signifies that CPAs must meet NASBA requirements for CPE from NASBA CPE providers. It’s also extremely important to understand that CPE NASBA doesn’t refer to any CPE program that you can take to meet NASBA CPE requirements.
As mentioned above, NASBA is one of the governing bodies that outline the standards for continuing professional education (CPE) and gives approval to CPE sponsors that fully adhere to them. Once a CPE sponsor receives the approval, it can add the term “NASBA CPE sponsor” to its credential.
You should also note that regardless of the program you complete to earn your NASBA CPE credits from NASBA-approved CPE providers, your sponsors will be fully responsible for ensuring that the program complies with NASBA CPE standards.
There are thousands of sponsors that have some kinds of courses and programs that can help CPAs meet their CPE requirements. However, not all these sponsors are created equal. There are many providers that don’t have proper approvals from the governing bodies.
And that’s exactly where the importance of NASBA CPEs comes into the picture. Here’re the two most important reasons to focus on pursuing NASBA CPE only.
· Your credits will be counted toward meeting your NASBA CPE requirements
Choosing CPE NASBA is synonymous with earning NASBA CPE credits. And earning your credits from NASBA CPE sponsors means you can rest assured of being able to use them to meet NASBA requirements for CPE. Even if it’s just one NASBA CPE credit, it’ll get counted for sure.
On the contrary, if you choose a sponsor that doesn’t comply with NASBA CPE standards, meaning isn’t a NASBA CPE sponsor, the credits you earn may not get accepted by your state accountancy board. And if something like that happens, all your effort, time, and money spent on earning the credits will be a complete waste.
Moreover, you’ll most likely need to retake a similar program to earn NASBA CPE credits. Not only will this add up your CPE cost but it may also jeopardize your CPE schedule. For instance, if you cannot meet your NASBA CPE requirements due to insufficient time to take another course, you may have to earn additional credits within a short period of time once your scheduled reporting period is over.
State accountancy boards provide grace periods to help CPAs who fail to meet NASBA CPE requirements on time. But if you don’t meet the requirements even within the grace period, it may lead to a temporary suspension of your CPA license.
· You can rest assured of taking quality courses
This is another key reason for taking NASBA CPE courses. Since NASBA has a stringent process to approve CPE sponsors, you can always remain assured that a CPE sponsor approved by it complies with NASBA CPE standards.
NASBA CPE standards are created to ensure that courses and programs offered by NASBA CPE sponsors are of high quality and developed to help CPAs remain up-to-date on the latest rules and regulations in the accounting industry.
So, by pursuing CPE NASBA, you won’t have to worry about the quality of courses or the expertise of their authors.
On the other hand, with a CPE sponsor that isn’t approved by NASBA, there’s no such assurance. You may or may not be able to take quality courses that cover the most relevant topics. Courses from such a sponsor may or may not help you expand your knowledge and improve your skills, which is the fundamental objective of pursuing CPE.
NASBA CPE requirements stand for the requirements developed by the CPE Committee of NASBA to standardize CPE requirements across all jurisdictions. It’s important to note that although all jurisdictions acknowledge courses from NASBA CPE providers to some extent, some of them have additional CPE requirements that their CPAs have to meet.
For instance, if you’re licensed in Florida, you must earn 4 CPE credits in ethics by taking a course approved by the Florida Board. If you don’t meet this ethics requirement, you’ll be considered non-compliant with your CPE.
However, generally, you’re required to earn 120 CPE credits every three years to meet NASBA requirements for CPE. If you hold a membership of the AICPA, you need to follow this guideline as well.
However, your CPE reporting may be annual, biennial, or triennial depending on the CPE requirements outlined by your particular state board of accountancy.
If you want to see a brief description of NASBA CPE requirements with respect to your particular state, visit the CPE Requirements of the NASBA CPE Registry.
Before you start pursuing NASBA CPE, it’s a must to develop a clear comprehension of how your state board will calculate your NASBA CPE credits. It’ll greatly help you plan your CPE and take the right programs.
Here’re the methods through which state boards calculate NASBA CPE credits.
· A 50-minute long program lets you earn one CPE credit (also known as one CPE hour).
· If you take college or university courses to meet NASBA requirements for CPE, the calculation of credits becomes slightly different depending on the type of course you take. If the course follows the quarter method, one quarter hour helps you earn 10 CPE credits. If the course follows the semester method, one semester hour lets you earn 15 CPE credits.
So, if a program doesn’t specify the exact number of hours, you can calculate the number of NASBA CPE credits by dividing the total number of minutes spent finishing the program by 50.
Now that we’ve answered the question of what is NASBA CPE and discussed NASBA CPE requirements and the calculation of NASBA CPE credits, it’s time to understand some important things related to NASBA CPE sponsors.
Let’s start with the NASBA CPE login. When a CPE provider becomes a NASBA CPE sponsor by having its name listed in the NASBA National Registry of CPE Sponsors, it gets to create a profile in the registry.
By using its NASBA CPE login credentials, the sponsor can visit its profile and publish information relevant to its business. From promoting its upcoming courses and modifying contact information to helping potential attendees confirm its active status on the NASBA CPE Registry, the sponsor can perform different things from here.
Pursuing NASBA-approved CPE is about completing learning activities that cover the fields of study that CPAs may choose to meet their NASBA CPE requirements. It’s very important to make sure that the programs you take cover these fields of study. Or else, you may not be able to earn any NASBA CPE credit for them.
Learning activities in NASBA CPE are divided into two categories: technical and non-technical. Here, we’ve jotted down brief descriptions of all the fields in each category. Let’s take a look.
· Accounting: It covers subjects like general accounting, forensic accounting, SEC practice, financial statements and reports, accounting services for small businesses, etc. It has two subfields: governmental and non-governmental.
· Auditing: It also has governmental and non-governmental subfields and covers subjects like general auditing, auditing research, forensic analysis and evaluation, substantive audit procedures, and more.
· Business law: It encompasses subjects like business law, employment law, collection law, etc.
· Economics: This covers subjects such as employment theory, monetary policy, economic growth, supply and demand, fiscal policy banking system, etc.
· Information technology: This covers subjects like artificial intelligence, data analytics, cyber security, cloud computing, blockchain, database management, and more.
· Finance: This helps you learn subjects like budgeting and cost analysis, asset management, financial management, quantitative analysis, etc.
· Management services: This field encompasses subjects such as enterprise risk management, cash and treasury management, project management, etc.
· Regulatory ethics: This field helps you master subjects related to the AICP Code of Professional Conduct and others.
· Statistics: This field covers subjects such as estimation of parameters, linear models, analysis of variance, analysis of enumerative data, etc.
· Specialized knowledge: This field encompasses subjects like HIPAA compliance, PCI compliance, personal financial planning, and more.
· Taxes: This helps you learn subjects related to corporate income taxation, estate and trust taxation, real estate taxation, special tax matters, international taxation, etc.
· Behavioral ethics: This field covers subjects associated with ethical practice in business, ethical decision-making, personal ethics, and more.
· Communication and marketing: This field encompasses subjects such as business presentations, customer communications, business writing, public relations, etc.
· Business management & organization: This field helps you learn subjects like management planning in industry, administration and organization of a public accounting practice, etc.
· Computer software & applications: This field covers subjects related to the study and use of the software. Some of these subjects also focus on software’s application in audit, accounting, or tax practice.
· Production: This field encompasses subjects such as inventory management, operations management, supply operations, and more.
· Personnel/Human resources: This field helps you learn human resource management’s functional areas, integration of functions for an efficient and effective human resources management system, etc.
· Personal development: This field covers subjects like leadership, time management, career planning, etc.
Note that other subjects can also be covered by these technical and non-technical fields of study. If want to take any such course, it’s strongly advisable to consult your state board of accountancy to ensure that the credits you earn will get counted toward meeting your NASBA CPE requirements.
Before CPAs plan their NASBA CPE, they should be aware of how the NASBA CPE Registry approves CPE sponsors with regard to instructional delivery methods.
CPE sponsors can get membership in these methods:
· QAS self-study: Paper-based or online program with zero involvement of an instructor.
· Group live: An instructor remains present in a conference or classroom setting.
· Group Internet-based: A live instructor remains present and can interact with program materials shared using the Internet and participants and/or participants can interact using the Internet.
· Blended learning: In these programs, participants can learn through multiple delivery methods or formats. Common activities include case studies, lectures, guided practice, etc.
· Nano learning: These are tutorial programs that let participants learn subjects in ten-minute time-frames using electronic media and without interacting with a live instructor.
Pursuing NASBA CPE lets you enjoy a plethora of benefits, from meeting your NASBA CPE requirements in the most efficient manner to having the assurance of earning NASBA CPE credits. We hope that this page has provided you with answers to all your important questions related to CPE NASBA.
If you want to learn more about how our NASBA CPE courses can help you meet NASBA requirements for CPE, reach us today!
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