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Licensing

Certified Public Accountant Certificate (CPA)

CPA: 
Rules regarding the requirements for a CPA Certificate

Applicants must pass all sections of the Uniform CPA examination and pass the licensing ethics exam before applying for the CPA license in Oregon  
  
EXPERIENCE REQUIREMENTS FOR CPA LICENSE: 
  
Applicants for the CPA license must obtain the experience competencies as described below and have a minimum of 12 months full-time employment or a total of 2,000 hours of equivalent part-time experience. 
 

All experience must be directly supervised by a qualified supervisor licensee.  A supervisor licensee is a person who holds an active CPA license issued by any state or a PA license issued under ORS 673.100 during the period of supervision and for at least five of the past seven years immediately prior to such supervision.  NOTE:  A Public Accountant (PA) may not act as a supervising licensee or verify an applicant's experience relating to attest services.

The supervisor licensee must directly supervise the applicant by having regular and meaningful interaction with the applicant in terms of planning, coordinating, guiding, inspecting, controlling and evaluating activities, and have authority over the employee being supervised.  A licensee acting as a consultant or independent contractor to the applicant's employer will not meet the requirement of direct supervision.

  
Qualifying experience and successful completion of the CPA exam must be obtained within 8 years immediately preceding the date of the application. 
 

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Public Accountant License (PA)

Rules regarding the requirements for becoming a Public Accountant (PA) 
  
PA applicants must take and pass the required sections of the CPA examination, obtain experience competencies as described below and have a minimum of 12 months of full-time employment or a total of 2,000 hours of equivalent part-time employment.   
  
EXAM SECTIONS: 
Applicants who applied for and sat for the exam prior to January 1, 2002 are required to take and pass the Audit (AUD) and Regulation (REG) sections of the exam and must continue to sit at least once each year until both sections are passed. 
  
Applicants who applied for and sat for the exam  after January 1, 2002 are required to take and pass the Business Economic & Concepts (BEC), Financial Accounting & Reporting (FAR) and Regulation (REG) sections of the exam. 
  
  
EXPERIENCE REQUIREMENTS: 
All experience must be under the direct supervision of a qualified supervisor licensee.  A supervisor licensee must hold an active CPA license issued by any state or a PA license issued under ORS 673.100 during the period of supervision and for at least five of the past seven years immediately prior to such supervision.  Please note that a Public Accountant (PA) may not act as a supervising licensee or verify an applicant's experience relating to attest services.

Direct supervision of the applicant is shown by having regular and meaningful interaction with the applicant in terms of planning, coordinating, guiding, inspecting, controlling, and evaluating activities, and having authority over the employee being supervised.  A licensee acting as a consultant or independent contractor to the applicant's employer will not meet the requirement of direct supervision. 
  
Qualifying experience and successful completion of the CPA exam must be obtained within 8 years immediately preceding the date of the Certification application.

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Core Competencies

The experience required under ORS 673.040 consists of activities generally performed by Oregon licensed CPAs and PAs engaged in public practice. Typical public practice experience includes attestation engagements, tax return preparation, financial advisory services and/or compliance and internal control evaluation.  Experience obtained while performing financial advisory services or tax advisory services must be performed while employed at a public accounting firm.


  
1. Understanding the Code of Professional Conduct. 
  
2.  Ability to assess the achievement of a client's objectives by demonstrating knowledge of various business organizations, understanding of the objectives and goals of business entities, ability to develop and analyze performance measures and critical success factors, and understanding of the economic and regulatory trends that affect the environment of a business entity. 
  
3. Experience in preparing working papers that include sufficient, relevant data to support the analysis and conclusions required by the applicant´s work. 
  
4. Understanding transactions streams and information systems, including the ability to understand how individual transactions aggregate at the organizational level, to infer how transactions impact the organization as a whole, and to evaluate the integrity and reliability of various client information systems, including relevant computer aspects. 
  
5. Skills in risk assessment and verification demonstrated by a sufficient understanding of accounting and other information systems to (1) assess the risk of misstatement in an information system and (2) obtain sufficient, relevant data based on the risk of misstatement and the nature of the engagement to determine the appropriateness of underlying data in terms of its completeness, existence and occurrence, valuation and allocation, rights and obligations and presentation and disclosures. 
  
6. Skills in decision making, problem solving and critical analytical thinking, including the ability to evaluate and interpret sufficient, relevant data in a variety of engagements and settings. For example, the applicant must evaluate an entity´s cash flow, profitability, liquidity, solvency, operating cycle, achievement of management´s plans, and accomplishment of service efforts of systems reliability. 
  
7. Ability to express scope of work, findings and conclusions, including the ability to determine the appropriateness of reports on financial statements, system reliability, or reports expressing scope of work, findings and conclusions.

 

ATTEST Experience:  Demonstration of the competencies prescribed above while the applicant is employed in public practice on the staff of a certified public accountant or a firm of certified public accountants where a peer review is required or if such employment is with:  Audit Agencies, Internal Audit Departments, or other organizations where a peer review is conducted and the audit agency, internal audit department or other organizatio nis independent of the entity.

 

Experience under the Attest path must include:

- Conducting attest-oriented functions where third party reliance is an objective of the report;
- Preparing opinions in accordance with professional standards;
- Preparing financial statements with footnotes to generally accepted accounting principles or other comprehensive bases of accounting; and
- Accounting and review services.
 
 "Third party reliance" as used in this rule means:
 
- Actual third party reliance, such as takes place with respect to the reader of financial statements upon which an audit opinion has been rendered by a public accountant licensed in Oregon or a certified public accountant;
 
- Audits performed by government agencies, including tax authorities, on organizations which are not subject to management control by the auditing agency; or
 
- Financial audits performed by independent working groups where the purpose of the audit is reliance by the board of directors on the fairness of the presentation of internally generated financial statements in accordance with generally accepted accounting principles or other comprehensive bases of accounting.Financial audits performed by independent working groups where the purpose of the audit is reliance by the board of directors on the fairness of the presentation of internally generated financial statements in accordance with generally accepted accounting principles or other comprehensive bases of accounting.

 

Attest experience will be evaluated on a case-by-case basis to ensure that experience meets the criteria of the stated competencies.

 

 

TAX Experience:  Demonstration of the competencies prescribed above must be obtained while the applicant is employed in public practice on the staff of a public accountant, a certified public accountant or a firm of public accountants or certified accountants and engaged in employment that is equivalent to public practice including internal tax departments.  
Experience under the Tax path must include:
 
Per OAR 801-010-0065(4)(b)Tax experience related to Competency A will include the practice of tax with integrity, objectivity, independence, professional judgement, due professional care and professional skepticism.
(D) Tax experience related to subsection (3)(b) of this rule will be in the context of federal and state tax law, federal and state tax regulation, judicial precedence and other technical tax sources applied to a variety of taxable and nontaxable business entities, non-business entities, individuals, families, estates and trusts.
(E) Tax experience related to subsection (3)(c) of this rule will be in the context of records that are clearly organized, complete, cross-referenced and with adequate documentation and support for positions taken or proposed within the context of federal and state tax law, federal and state tax regulations, judicial precedence and other technical tax sources.
(F) Tax experience related to subsection (3)(d) of this rule will be in the context of the application of tax law to various types of transactions both individually and in the aggregate and both actual and proposed.
(G) Tax experience related to subsection (3)(e) of this rule will be in the context of the evaluation of the reasonableness of data provided by clients and the sufficiency and adequacy of the data to support reasonable tax positions and conclusions.
(H) Tax experience related to subsection (3)(f) of this rule will be in the context of identifying tax issues, researching technical guidance, choosing appropriate courses of action and proposing solutions.
(I) Tax experience related to subsection (3)(g) of this rule will be in the context of researching and preparing supporting documents for technical tax positions.
(J) Tax experience will be evaluated on a case-by-case basis to ensure that experience meets criteria of subsections (3)(a) through (g).
 
INDUSTRY/GOVERNMENT Experience:  Demonstration of the competencies prescribed above must be obtained while the applicant is employed in industry or government on the staff of a public accountant, a certified public accountant engaged in employment that is equiavalent to public practice including internal tax departments.  
Experience under the Industry/Government path must include:
 
OAR 801-010-0065(4)(c) Industry Accountancy. Experience that demonstrates the competencies described in section (3) of this rule may also be obtained while the applicant is employed under the direct supervision of a public accountant or certified public accountant as provided under this rule.
(A) Industry experience related to subsection (3)(a) of this rule, will include the practice of accountancy with integrity, objectivity, independence, professional judgment, due professional care and professional skepticism.
(B) Industry experience related to subsection (3)(b) of this rule will be in the context of assessing the objectives and goals, performance measures, critical success factors and the economic and regulatory trends affecting the applicant’s company and industry.
(C) Industry experience related to subsection (3)(c) will be in the context of documenting an analysis of a financial accountancy issue affecting the applicant’s company from the collection and summarization of financial data to the identification of alternative conclusions such that others of equal training and experience can trace information to source data and draw similar conclusions.
(D) Industry experience related to subsection (3)(d) of this rule will be in the context of evaluating an accounting system within the applicant’s company, performing internal control and substantive testing (analytical procedures, technical research and conclusion), and providing a written conclusion on the reasonableness of the procedures conducted, specific controls that were missing or ineffective, and the measures taken to corroborate data accuracy and conclusions drawn.
(E) Industry experience related to subsection (3)(e) of this rule will be in the context of evaluating risks of misstated financial data within the applicant’s company and performing tests to substantiate data accuracy.
(F) Industry experience related to subsection (3)(f) of this rule will be in the context of identifying significant data trends and the impact of the trends on the applicant’s company on both a short and long term basis.
(G) Industry experience related to subsection (3)(g) of this rule will be in the context of both written and oral presentation of financial information and related accounting conventions within the applicant’s company that include the significance of the financial information, applicable accounting rules and consideration of alternatives and conclusions drawn.
(d) Experience, other than experience described in subsections (4)(a), (b), and (c) of this rule will be evaluated by the Board on a case-by-case basis to ensure that experience meets the criteria of subsections (3)(a) through (g).

 

 



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Ethic Exam Requirement

Applicants must also take and pass a written examination on the Code of Professional Ethics for accountants. The following organizations each offer an exam that meets this requirement. 
  
AICPA 
https://www.cpa2biz.com
 
1211 Ave of the Americas 
New York, NY 10036-8775 
212-596-6200 
  
  
Oregon Society of CPAs 
Ethics Exam
PO Box 4555 
Beaverton OR 97076 
503-641-7200
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Reciprocity

An individual who wishes to establish a principal place of business in the State of Oregon is required to obtain a CPA license in Oregon.   
  
Applicants must complete an application form and certify that they hold an active license in good standing as a Certified Public Accountant issued by another jurisdiction whose requirements are substantially equivalent to Oregon as defined in Section 23 of the Uniform Accountancy Act. 
  
Applications based on an active CPA license that is in good standing that do not meet the requirements described above, are eligible if the applicant demonstrates to the satisfaction of the Board that during four of the ten years immediately preceding the application under ORS 673.040, the applicant: 
  (A) Held an active CPA license issued by another jurisdiction that is in good standing at the time the application is made; 
  (B) Has four years of full-time experience of public accounting experience or the equivalent thereof, after completing the CPA exam and during the ten year period immediately preceding the application; and 
  (C) Successfully completed the CPA exam.  

Please see our Reciprocity Application Forms page for all the items that are required.

 

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Foreign Credentials


OAR 801-010-0085
  
  
Applicants for reciprocity under these provisions must pass the International/Qualifications Examination (IQEX) Uniform CPA exam. 
  
The NASBA/AICPA International Qualifications Appraisal Board (IQAB) is the link between the US accounting profession and that of other General Agreement on Trade in Services (GATS) signatory countries.  Through a mutual recognition agreement (MRA), qualified professional accountants from another country can practice in the United States without having to completely re-credential.  
  
Please apply directly to the address listed below to have credentials evaluated or to take the IQEX examination. 
  

IQEX Coordinator
NASBA PO Box 198469
Nashville, TN 37219-8469
Telephone: (615) 880-4250

 

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Municipal Auditor License

Applicants for Admission to the Municipal Roster required by ORS 297.425 shall meet the following requirements: 
  • The applicant must be a licensee under ORS 673.150 in good standing
  • Submit an application for admission
  • Submit proof of completion for least 40 hours of CPE accrued within 2 years immediately preceding the date of application.  All courses must be at Level 1 (basic) or Level 2 (intermediate). 
  • Submit a table of contents and/or course objective(s) with each proof of completion.
  • Submit a total of $200 paid via credit card or check.

 

At least four hours of CPE must be accrued in each of the following subjects:

  • Audits of state and local governmental units
  • Governmental accounting and financial reporting standards
  • Generally Accepted Governmental Auditing Standards (GAGAS)
  • Single Audit Act and related circulars and supplements published by the U.S. Government Accountability Office, Office of Management and Budget
  • Oregon Local Budget Law
  • Minimum standards of audits and review of Oregon municipal corporations



Upon approval of an application to the municipal roster, the Board will notify the applicant in writing that the application is approved, enter the applicant´s name on the municipal roster, and notify the Secretary of State that the applicant is authorized to conduct municipal audits.

  • Application Fee: $100
  • Permit Fee: $100
  • Biennial Renewal Fee: $100

          
Click here for Municipal Audits Administrative Rules
  
  
Course Guide 
The programs on the following link are provided only as a guide for consideration in fulfilling the municipal roster application requirements.  It is not intended to be an inclusive list of eligible courses, nor is it intended to identify the number of qualifying hours by subject.  The applicant will need to determine the number of hours from each CPE course that fulfill the objectives of the six subjects included in the application.  The hour allocations will need to be supported by the course objectives, outline, or course materials.  It is up to the applicant to demonstrate that the minimum required number of hours of CPE has been obtained in each subject matter.

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Fees & Applications

Applications are available on this website in the forms section or you may call the Board office at 503-378-4181.  
    
For all forms related to licensing, please click here

An application and $150 application fee can be sent to the Board office via postal service or fax.  Please note that a prorated permit fee will be invoiced prior to issuance of a license.

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