CPE

Continuing Education

 
 
 

CPE Requirements for Certification

Michigan State Board
of Accountancy

CPAs licensed to practice by the State of Michigan must earn 40 hours of CPE each CPE period (July 1-June 30), per the requirements of the Michigan State Board of Accountancy.

Fifty minutes of continuous instruction results in one hour of CPE credit; those who attend in 25 minute continuous increments after the first 50 minutes of continuous instruction can receive half credit.

  • No more than 50 percent of this requirement can be self-study.
  • Eight (8) hours of each forty-hour requirement must be accounting and auditing.
  • Two (2) hours of every 40 hours must be ethics.
  • One year’s CPE requirement in each reporting category may be carried-over annually.

Visit the Michigan State Board of Accountancy on-line or contact them at 517.241.9288 for more information. Consult the Yellow Book for reporting requirements.

 

 

Licensed to practice

Not licensed to practice

Next reporting date

 MACPA
 Membership:

None

None

None

 State Board
 of Accountancy
 (MSBA):

Earn or carry-over 40 hours annually, including 8 hours accounting & auditing and 2 hours of ethics. Report 80 hours, 16 A&A and 4 ethics (except for 2001), biannually every odd numbered year. Reports due July 31.

No CPE requirements but all certified persons must register with the Board of Accountancy

June 30 Every Odd Year

 AICPA
 Membership:

Earn 120 hours every three years. (Report compliance on annual dues statement.)

Retired, unemployed, members who have temporarily left the workplace, members who place their license on inactive status with the State Board of Accountancy AND do not hold themselves out as CPAs are exempt.

December 31 On Annual Dues Statement

 General
 Accounting
 Office (GAO):

Earn a minimum of 20 hours annually, 80 hours biannually with 24 hours in governmental subjects for certain staff members.

Must be licensed to practice in order to perform governmental audits.

Year-end based on firm's date of entry into governmental auditing.

 

CFP Requirements

CFPs are required to complete 30 hours of CE each reporting period, with two hours from a CFP Board-approved program on CFP Board's Code of Ethics and Professional Responsibility and/or Financial Planning Practice Standards and 28 hours from one or more of the accepted subject topics.

The CFP credits works similarly to CPE credits in that 50 continuous minutes equals 1 hour, and 25 continuous minutes after the first 50 minutes of continuous instruction equals half credit.

More detailed information is available on the Certified Financial Planner Board of Standards web site.