CPE Questions and Answers
Q: Do I need to report CPE credits for 2017 (Reported renewing CPA License for 2018)?
A: A 2017 CPE Report is required if…
- You renewed and held an active license in 2016 and renewed and held an active license in 2017.
- You were issued an initial license between January 1, 2015 and June 30, 2016, and are currently holding an active renewed 2017 license.
- Your license was reinstated between July 1, 2016 and December 31, 2016 and are currently holding an active renewed 2017 license. (Please note: Credits reported and used to reinstate may not be used again, and may not be carried over.)
- You hold a registered certificate. (Lookup your status if unsure)
- Your initial license was issued between July 1, 2016 and December 31, 2017.
- Your license was reinstated between January 1, 2017 and December 31, 2017.
A: Connecticut requires CPE to be completed every fiscal year, July 1st through June 30th, and must be reported to the Board by December 31st of every year as part of the renewal process. The 2017 CPE fiscal year began July 1, 2016 and ends June 30, 2017. All 2017 CPA License renewals, on-line and paper, are due December 31, 2017.
Q: How do I know if my courses qualify as acceptable CPE?
A: CPE reporting forms will be part of your 2018 license renewal which you will be required to complete between October and December each year.
A: The on-line renewal system will be available after October 1, 2017 on our website at www.ct.gov/dcp
A: The board only accepts whole credit hours.
Q: Can I send attachments with my report?
A: No, do not send attachments. Fill in the paper or web form as instructed.
A: A maximum of 20 hours (will not include exceeded limits as stated above).
A: One year. You will only receive carry over credits for 2018 from your 2017 CPE report.
A: Yes, you will receive a letter of explanation.
Q: If I perform Attest or compilation services or sign financial statements, do I need to complete any CPE for these services.
Q: What if I did not complete the 40hrs of CPE by June 30th?
A: You are in non-compliance if you do not complete at least 40 hours of acceptable CPE by June 30th:
- If you earn 40 hours of CPE after June 30, 2017 and on or before September 30, 2017 you must pay a CPE late fee of $315 along with the renewal fee.
- If you earn 40 hours of CPE after September 30, 2017 and on or before December 31, 2017 you must pay a late fee of $625 along with the renewal fee.
- If you have not earned or will not earn your 40 hours of CPE by December 31, 2017, you must contact Board legal counsel at email@example.com.
Q: Will I receive credit for the total number of hours reported?
A: You are required to report a minimum of 40 hrs. You will receive credit for a maximum of 60 hrs, with 20 carried into 2018. All reports must be in compliance with CPE regulations, Regulations of Connecticut State Agencies, § 20-280-25 through § 20-280-27.
- No, if you have already received credit for a course. (Courses reported on your 2017 report).
- No, if credits were obtained outside the required CPE fiscal year. (July 1, 2017 - June 30, 2018).
- No, if reported credit hours exceed annual category limits as follows:
- a maximum of 20 as an instructor (I);
- a maximum of 10 as an author/writer (A);
- Yes, for up to 60 hours reported as either all self study or as a mixture of the allowable reporting categories (instructor, participant, self study, author, and ethics).
Q: Does Connecticut recognize QAS hours?
A: Connecticut requires all courses be measured in 50-minute contact hours. If QAS meets this standard of measure, it will be acceptable.
A: Online renewing will have an upload option which will require you to upload your CPE certificates of completion. If you do not upload your certificates of completion and the board performs an audit of your CPE, you will be responsible for submitting copies of your certificates of completion and/or verification of courses at the time of the audit. You must retain your documentation for at least three (3) years from the date the program was completed. As set forth in the CPE regulations, Regulations of Connecticut State Agencies, § 20-280-27.