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CPA Exam

Colorado’s new requirement of 150 credit hours for licensure will take effect beginning July 2015. 

If you plan to sit for the CPA exam before July 1st, 2015, you will need to meet the following education requirements by the time you apply to sit for the exam:

EDUCATION REQUIREMENTS FOR CERTIFICATION PRIOR TO JULY 1, 2015 – CONCENTRATION IN ACCOUNTING OR THE EQUIVALENT

A. These education requirements apply to persons who receive their baccalaureate degree and otherwise complete the following education requirements before July 1, 1993 and who apply for certification prior to July 1, 2015.

  1. At least 27 semester hours (40 quarter hours) in accounting subjects of which 21 semester hours (32 quarter hours) must be in specialized accounting courses such as cost accounting, tax, intermediate accounting, accounting theory and advanced accounting.  At least three of the 27 semester hours (four quarter hours of the 40 quarter hours) must be in auditing and must address GAAS.  To receive credit for accounting related coursework, the transcripts must indicate an accounting program code, or the Applicant must furnish other information to demonstrate an accounting related course.
  2. At least 21 semester hours (32 quarter hours) in related courses in other areas of business administration such as business law, management, marketing, statistics, business communications, economics and finance.  No more than six semester hours(nine quarter hours) shall be in any one area.
  3. The courses required by Paragraphs (1) and (2) above shall be taken at or acceptable for transfer by colleges and universities with approved accounting programs defined in Rule 2.3.

B. These education requirements apply to persons who receive their baccalaureate degree and otherwise complete the following education requirements after June 30, 1993 and who apply for certification prior to July 1, 2015.

  1. A baccalaureate degree from an accredited college or university described in Rule 2.2.
  2. At least 27 semester hours (40 quarter hours) in accounting subjects of which at least three hours (four quarter hours) must be in auditing and the hours in auditing must address GAAS.  To receive credit for accounting related coursework, the transcripts must indicate an accounting program code, or the Applicant must furnish other information to demonstrate an accounting related course.  At least 21 semester hours (32 quarter hours) must be in upper-division accounting courses such as:
  3. At least 21 semester hours (32 quarter hours) in related courses in other areas of business administration such as those listed below.  No more than six semester hours (nine quarter hours) shall be in any one area.  The courses required by Paragraphs (2) and (3) above shall be taken at or acceptable for transfer by colleges and universities with approved accounting programs described in Rule 2.3.

(see DORA’s website for more specific information on courses)

Effective October 2010, the Colorado Accountancy Board adopted new rules for education requirements for certification after July 1st, 2015.  Colorado will then be requiring 150 credit hours for CPA licensure.  Please see the Department of Regulatory Agencies website for more information on the adopted rules.