CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Arkansas

State CPE Requirements

State Board Website:

https://www.asbpa.arkansas.gov/

License Renewal Deadline:

1/1 annually

CPE Reporting Period:

1/1 to 12/31 annually

Total CPE Hours Required:

40 hours*

Ethics Requirements:

• Four (4) hours in the area of accounting professional conduct and ethics during the 36-months immediately preceding the expiration date of their current license.
• One (1) hour of ethics must be on Arkansas State Board of Public Accountancy specific laws and rules. This requirement may be satisfied by completing a free, web based course via the Board’s website or attending group training taught by a board member, board staff member, or a designee of the Board, and will count towards the 4 hour ethics requirement.
• Licensees who received their initial license during the current calendar year are exempt from the ethics requirement until their first full calendar year of licensure.

Credit Limitations:

• Independent study,self-study and authorship credits: Credits from these types of courses shall not exceed 60% of the total CPE hours required.
• Independent study: This type of CPE must be approved in advance by the Board.
• Instruction: Repetition of the same material in the same year will not be granted credit.
o Instruction for College/University courses: Courses taught must be upper level college courses and may only be used for CPE one time in a three year period.
• Other Certification Exam courses: CPE credit is not given for academic courses or exam review courses used to qualify to take the CPA exam or acquire the CPA certification.
• Published Material: Articles, books or CPE Programs may be eligible for self-declared credit if the material contributes to the professional competency of the licensee and was formally accepted for publication in writing prior to the effective date of the renewal period.
• Fields of Study: This jurisdiction has a rule(s) placing limitations on certain subject areas or requiring a certain number of credits within a certain subject area or group of subject areas. Confirmation with the Board of the impact of the changes included in the new Fields of Study document, which went into effect September 1, 2016, is included in this analysis.

Other Subject Area Requirements:

• Technical – At least 50% of hours in the following subjects: Accounting/Attest, Accounting Ethics or Tax.
• Accounting & Auditing – if performs attest or compilation services, must obtain a 20% of hours in Accounting/Auditing.

Other State Policies:

• Program sponsors must be members of NASBA’s or the Board’s Registry, approved by another State Board, or fall into one of the following categories for automatic approval:
o AICPA and other national/state CPA professional organizations/associations
o Accredited universities or colleges
o Firms, both accounting and industrial offering in-firm education programs
o Governmental entities
• Programs in the following subject areas are not acceptable continuing education: spirituality, personal health and/or fitness, sports and recreations, or foreign language and cultures and other subjects which will not contribute directly to the professional competence of the licensee.

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