New CPE Rules for CPA's
FOR CPAs: The North Carolina State Board of CPA Examiners changed the CPE rules effective January 1, 2020 for CPE completed in 2020 for the 2021-2022 license renewal that begins April 1 2021.
Big picture, two key messages:
1. CPE is now recorded in minutes rather than hours. Instead of 40 hours at 50 minutes each, the requirement is for 2,000 CPE minutes. This allows licensees to claim credit for all CPE minutes instead of having to round down time of less than half-hour increments. Nano Learning is a new thing!
2. The annual ethics minimum requirement has been reduced from two hours (100 minutes) to 50 minutes.
If you missed your January bulletin from NC State Board of CPA Examiners, there are details about these rule changes at nccapaboard.gov
NCGFOA is planning a 50 minute ethics session instead of a two hour session for the Spring 2020 Conference, and this session will start our day on Thursday instead of Wednesday. Watch for the registration announcement shortly!