Current through Register Vol. 63, No. 9, September 1, 2024
(1)
Biennial CPE requirement for Active licensees. Each biennial
renewal period, certified public accountants and public accountants must report
satisfactory evidence of having completed 80 hours of continuing professional
education (CPE) unless such requirement is waived by the Board under ORS
673.165 and OAR
801-040-0150. The 80-hour CPE
requirement must be completed as follows:
(a)
At least 20 of the required 80 CPE hours must be completed in each year of the
renewal period. Hours carried forward from the previous reporting period
(carry-forward hours) may not be used to meet the minimum annual
requirement.
(b) CPE hours must be
completed during the two-year period immediately preceding the renewal date,
except for carry-forward hours described in subsection (c) of this
rule.
(c) A maximum of 20 CPE hours
may be carried forward from one reporting period to the next and may be used in
partial fulfillment of the 80 hour requirement.
(d) A minimum of four hours of ethics CPE
must be included in the 80 hour CPE requirement.
(e) CPE hours used for reinstatement may not
be claimed on renewal application.
(2)
CPE Reciprocity. Active
licensees whose principal place of business is outside Oregon and who are
seeking renewal of their permit shall be determined to have met the CPE
requirement in OAR 801-040-0010(1)
by meeting the CPE requirements for renewal of a certificate in the
jurisdiction in which the licensee's principal place of business is located.
(a) Applicants for renewal of an active
permit shall demonstrate compliance with the CPE renewal requirements of the
jurisdiction in which the licensee's principal place of business is located by
signing a statement to that effect on the renewal application of this state,
unless the provision of OAR
801-040-0010(2)
b) applies.
(b) Applicants for
renewal of an active permit whose principal place of business is in a
jurisdiction without CPE requirements for renewal are not eligible for the
provision of OAR 801-040-0010
(2)(a) and must meet the CPE renewal
requirements of this jurisdiction as set forth in OAR
801-040-0010(1).
(3)
Biennial CPE Requirements for
Inactive Licensees. A licensee who is granted inactive status must:
(a) Obtain 32 hours of qualified continuing
professional education during a two-year renewal period;
(b) Complete four CPE hours in ethics which
are included in the 32 hour requirement for each renewal period;
(c) A maximum of 8 hours may be in
non-technical subjects; and
(d) A
maximum of 8 CPE hours may be carried forward from one reporting period to the
next and may be used in partial fulfillment of the 32 hour
requirement.
Statutory/Other Authority: ORS
670.310,
673.040,
673.050 &
673.410
Statutes/Other Implemented: ORS
673.165
