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Rules regarding the requirements for a CPA Certificate
Applicants must pass all sections of the Uniform CPA examination before applying for the CPA license in Oregon. Depending on when you qualified for the exam, or what level of education you have earned will determine how much experience is required.
EXPERIENCE REQUIREMENTS FOR CPA CERTIFICATE:
1. There is a 24-month experience requirement for applicants who qualified and sat for the examination under the requirements prior to January 1, 2000. Applicants in this category must have a Bachelor degree including completion of a minimum of 30 semester hours in accounting, business law, economics and finance. 20 of the required 30 semester hours must be in accounting.
2. There is a 12-month experience requirement for applicants who qualified and sat for the examination under the requirements after January 1, 2000. Applicants in this category must have a total of 150 semester hours of education including a bachelor degree with 24 semester hours in accounting and 24 semester hours in accounting and/or related subjects.
- All Experience must be under the direct supervision of a qualified supervisor licensee. Qualifying part-time experience must be at least 20 hours per week. Overtime hours worked will not be credited toward the experience requirement.
An active license is defined as a licensee who is eligible to practice public accountancy in his or her jurisdiction of licensure.
- Direct supervision is defined by the Board as having regular and meaningful interaction between the supervisor and the person being supervised in terms of planning, coordinating, guiding, inspecting, controlling and evaluating activities, and in discharging the employee being supervised.
3. Applicants who sat and received grades prior to January 1, 2000 without the completion of 150 semester hours, may choose to complete the 150 hour requirement and meet the experience requirement with completion of 12-months qualifying experience under the direct supervision of a qualified supervisor licensee. 4. Applicants for the CPA certificate must demonstrate competency in seven core competencies. 5. Applicants must take and pass an approved Ethics course. 6. Complete and submit an application form to the Board office with the appropriate fees. Qualifying experience and successful completion of the CPA exam must be obtained within 8 years immediately preceding the date of the application.
- Supervisor Licensee: A supervisor licensee is any licensee in any state who has held an active CPA license, an active PA licensed in Oregon or a licensed Chartered Accountant from Canada, Mexico, Ireland, New Zealand or Australia, each of whom must hold an active license in good standing for a minimum of 5 consecutive years prior to and during the period of supervision.
Rules regarding the requirements for becoming a Public Accountant (PA) PA applicants must take and pass the required sections of the CPA examination and obtain one-year of public accounting experience or the equivalent under the direct supervision of a qualified supervisor licensee. Required sections of the CPA examination are described below. 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: Applicants must obtain one year public accounting experience or the equivalent, which means 12 months full-time employment or a total of 2,080 hours of part-time employment. One hundred seventy-three hours (173) of part-time employment is equivalent to one month. Qualifying part-time experience must be at least 20 hours per week. All experience must be under the direct supervision of a qualified supervisor licensee. Overtime hours worked will not be credited toward the experience requirement. Supervisor Licensee: A supervisor licensee is any licensee in any state who has held an active CPA license, an active PA licensed in Oregon or a licensed Chartered Accountant from Canada, Mexico, New Zealand, Australia or Ireland, who has held an active license in good standing for a minimum of 5 consecutive years prior to and during the period of 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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In addition to completing the CPA Certification Application applicants must demonstrate to the satisfaction of the Board, achievement of competency in the following seven areas:
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1. Understanding the Code of Professional Conduct.
2. Ability to assess the achievement of an entity´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 an entity´s environment.
3. Experience in preparing working papers that include sufficient, relevant data to support 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.
There are three experience standards by which applicants may demonstrate the competencies:
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Other Professional Standards; or
Industry, Government and other related businesses.
The following list describes some but not all activities that may be used to demonstrate experience:
Financial Statement Audits
Financial Statement Reviews
Financial Statement Compilations
Financial Forecasts and Projections
Pro Forma Financial Information
Management Advisory Services
Tax Advisory Services
Tax Return Preparation
Personal Financial Planning
Reporting on an Entity´s Internal Controls
Experience that demonstrates competencies under the attest/assurance category must be obtained while the applicant is:
- employed in public accounting practice
- engaged in employment that is equivalent to public accounting practice, including internal audit employment
- Employed in an organization where employment is equivalent to public practice if a peer review is conducted or if such employment is with an audit agency, internal audit department or other organization where a peer review is conducted.
Other Professional Standards:
Experience that demonstrates competencies under the other professional standards category must be obtained while the applicant is:
- employed in public accounting practice or
- employed in industry, government or other settings
If experience in industry, government or other settings, it must be performed in accordance with the standards of the profession. Examples of experience performed in accordance with established standards are:
Personal Financial Planning
Industry, Government and Other
Applicants must obtain an understanding of the industry in which the entity operates, including the employer´s competition (or other similar service providers in the case of government) and key competitiveness factors that affect the industry. This relates to Core Competency #2.
Experience related to Core Competency #3, understanding transaction streams and information systems, will include assessing the adequacy of an entity´s internal controls.
All experience gained in industry, government or other services will be reviewed on a case-by-case basis by the Board.
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
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https://www.cpa2biz.com 1211 Ave of the Americas New York, NY 10036-8775 212-596-6200 Oregon Society of CPAs Ethics ExamPO Box 4555 Beaverton OR 97076 503-641-7200
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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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Applying for a CPA license with Foreign Credentials
from Canada, New Zealand, Ireland, Australia or Mexico ONLY
The following foreign credentials are eligible for reciprocity in Oregon:
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.
- Chartered Accountant license issued by the Canadian Institute of Chartered Accountants
- Instituto Mexican de Contradores Publicos
- Institute of Chartered Accountants in Ireland
- Institute of Chartered Accountants in Australia
- Canada, Mexico and United States Memorandum of Understanding
- Irish Institute of Chartered Accountants, and
- New Zealand Institute of Chartered Accountants
CPA Examination Services
150 Fourth Avenue North #700
Nashville, Tennessee 37219-2417
Telephone: (615) 880-4206
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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 govermental 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
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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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.