UACPA Members to Vote on Change to CPE Requirements
Thursday, April 30, 2015
Posted by: Amy Spencer
In the upcoming months, members of the UACPA will be notified about a vote to indicate whether they support or oppose creating an ethics requirement for CPE in Utah. This new law would require that CPE completed in the two-year period includes four hours of ethics.
The Executive Board approved the language in the April 24 board meeting. Next steps will be to take the language to UACPA membership for a discussion period of 45 days. After gathering comments and making additional changes, if any, we will take the proposed language back to the Executive Board and Leadership Council to vote upon and request to be on the agenda of a State Board of Accountancy meeting.
Here is the proposed language:
(d) Ethics Requirement. A licensee shall complete four of the 80 hours of continuing education required pursuant to Section 58-26a-303 in professional ethics. One hour shall consist of a review of the Utah Certified Public Accountant Licensing Act Rules and the remaining hours shall cover one or more of the following areas: the AICPA Code of Professional Conduct; case-based instruction focusing on real-life situational learning; ethical dilemmas facing accounting professionals; and business ethics.
(e) A non-resident licensee seeking renewal of a license shall have satisfied the CPE requirement by meeting the CPE requirements for renewal of a license in the state in which the licensee’s principal place of business is located. If a non-resident licensee’s principal place of business state does not require CPE for renewal of a license, the non-resident licensee must comply with the CPE requirements for renewal of a license in this state.
Stay tuned for more information. Your vote matters!