21 NCAC 08G .0404         REQUIREMENTS FOR CPE CREDIT

(a)  A CPA shall not be granted CPE credit for a course unless the course:

(1)           is in one of the seven fields of study recognized by the Board and set forth in Paragraph (b) of this Rule;

(2)           is developed by an individual who has education and work experience in the subject matter of the course; and

(3)           uses instructional techniques and materials that are current and accurate as set forth by Rule .0403 of this Section.

(b)  The seven fields of study recognized by the Board are:

(1)           Accounting and Auditing

(A)          Accountancy

(B)          Accounting – Governmental

(C)          Auditing

(D)          Auditing – Governmental

(2)           Consulting Services

(A)          Administrative Practice

(B)          Social Environment of Business

(3)           Ethics

(A)          Behavioral Ethics

(B)          Regulatory Ethics

(4)           Management

(A)          Business Law

(B)          Business Management and Organization

(C)          Finance

(D)          Management Advisory Services

(E)           Marketing

(5)           Personal Development

(A)          Communications

(B)          Personal Development

(C)          Personnel/HR

(6)           Special Knowledge and Applications

(A)          Computer Science

(B)          Economics

(C)          Mathematics

(D)          Production

(E)           Specialized Knowledge and Applications

(F)           Statistics

(7)           Tax

(c)  The following may qualify as acceptable types of continuing education programs, provided the programs comply with the requirements set forth in Paragraph (a) of this Rule:

(1)           professional development programs of national and state accounting organizations;

(2)           technical sessions at meetings of national and state accounting organizations and their chapters;

(3)           courses taken at regionally accredited colleges and universities;

(4)           educational programs that are designed and intended for continuing professional education activity conducted within an association of accounting firms; or

(5)           correspondence courses that are designed and intended for continuing professional education activity.

(d)  CPE credit may be granted for teaching a CPE course or authoring a publication as long as the preparation to teach or write increased the CPA's professional competency and was in one of the seven fields of study recognized by the Board and set forth in Paragraph (b) of this Rule.

(e)  CPE credit shall not be granted for a self-study course if the material that the CPA must study to take the examination is not designed for CPE purposes. This includes periodicals, guides, magazines, subscription services, books, reference manuals and supplements that contain an examination to test the comprehension of the material read.

(f)  A CPA may claim credit for a course offered by a non–registered sponsor provided that the course meets the requirements of  this Rule and Rules .0403(c), and .0409 of this Section. The CPA shall maintain documentation proving that the course met these standards.

 

History Note:        Authority G.S. 93‑12(8b);

Eff. May 1, 1981;

Amended Eff. January 1, 2007; January 1, 2004; August 1, 1998; February 1, 1996; March 1, 1990; May 1, 1989; August 1, 1988; February 1, 1983;

Readopted Eff. February 1, 2016.