Missouri Code of State Regulations
Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE
Division 2010 - Missouri State Board of Accountancy
Chapter 4 - Continuing Education Requirements
Section 20 CSR 2010-4.031 - Continuing Professional Education (CPE) Documentation
Universal Citation: 20 MO Code of State Regs 2010-4.031
Current through Register Vol. 49, No. 6, March 15, 2024
PURPOSE: This amendment clarifies language on CPE deficiencies.
(1) Continuing Professional Education (CPE) Records.
(A) All
licensees must maintain documentation demonstrating compliance in meeting their
CPE requirements.
(B) Acceptable
documentation.
1. Licensees shall demonstrate
compliance in meeting their CPE requirements by maintaining and providing
certificates of completion from the American Institute of Certified Public
Accountants (AICPA), a state society of CPAs, or a registered National
Association of State Boards of Accountancy (NASBA) CPE Program Sponsor. Program
Sponsors may be verified at the NASBA website: https://nasba.org .
2. Licensees seeking credit for CPE from any
non-registered NASBA program, other than the AICPA or a state society of CPAs,
shall maintain and provide the following documentation:
A. Program materials;
B. Agenda with dates, times, and
locations;
C. Sign-in
sheets/records of attendance;
D.
Number of CPE credits earned by participants;
E. Name, contact information, and
qualifications of the developer;
F.
Name, contact information, and qualifications of the reviewer;
G. Results of program evaluations;
and
H. Other information or
documentation as the board may request.
(C) Responsibility for documenting the
acceptability of the program and the validity of the credits rests with the
applicant or license holder who shall retain such documentation for a minimum
of five (5) calendar years from the end of the year in which the learning
activities were completed.
(D) The
board may verify the CPE reported by applicants for licensure and licensees.
Licensees who do not provide the board with either a completed certificate from
the AICPA, a state society of CPAs, or a registered NASBA CPE program sponsor,
or the documentation required for a non-registered NASBA program, will not
receive CPE credit. In cases where the board determines that the requirement is
not met, the board may grant an additional period of time in which the
deficiencies may be cured.
(E)
Beginning January 1, 2021, a licensee in good standing may cure their CPE
deficiencies due to a disallowance of courses or hours by the board as follows:
1. A licensee shall have thirty (30) days
from the date of notice of the board's assertion of a licensee's failure to
comply with the annual qualifying CPE requirements to provide the acceptable
documentation set forth in subsection (1)(B) above, or obtain qualifying CPE
hours;
2. Licensees requesting to
use the above cure period shall submit a written application to the board on a
form provided by the board no later than thirty (30) days from the date of the
board's notice; and
3. To cure a
deficiency, a licensee must, within thirty (30) days of the notice to cure-
A. Submit the acceptable documentation for
hours denied; and/or
B. Complete
new CPE courses and provide acceptable documentation.
(F) Failure to comply with CPE
requirements and/or fraudulent reporting of CPE is a basis for disciplinary
action.
*Original authority: 326.271, RSMo 2001, amended 2002 and 326.310, RSMo 2001.
Disclaimer: These regulations may not be the most recent version. Missouri may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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