CPE Requirements Iowa
Iowa
License Renewal Date
6/30 biennially, L-Z renew 2011 and begin annual renewal in 2012; A-K renew 2010 and begin annual renewal in 2012.
CPE Reporting Period
1/1 to 12/31 triennially
General Requirement
120 hours of continuing education in the three-year period ending on December 31st prior to renewal date.
Ethics Requirement
4 hours of ethics and rules of professional conduct CPE must be completed during each three-year period ending December 31.
Other Subject Area Requirements
8 hours in Accounting and Auditing if supervising and/or signing compilation reports on financial statements.
Credit Limitations
* The maximum credit for instructors is 60 hours.
* The maximum credit for authorship is 30 hours.
* The maximum credit for self study non-interactive is 60 hours.
* Half credits allowed after the first hour.
* Practice review is not accepted.
* Academic credit limited to the following: 1 quarter hour equals 10 CPE hours; 1 semester hour equals 15 CPE hours.
* Instructors will be allowed credit for 2 hours of preparation for each hour of actual instruction. Courses must be above elementary level.
* Credit may be allowed for the successful completion of examinations for Certified Management Accountant/CMA, Certified Information Systems Auditor/CISA, Certified Financial Planner/CFP, Enrolled Agent/EA, as well as other similar examinations approved by the board. Credit will be allowed at a rate of five times the length of each examination, which is presumed to include all preparation time, claimed in the calendar year of the examination, and limited to 50 percent of the total renewal requirement.
Other State Policies
* Credit may be allowed for interactive self study programs on the basis of one hour of credit for each 50 minutes spent on the interactive study program
* The interactive self-study sponsor must be approved by either the national continuing professional education registry or by the NASBA continuing education registry.
Non-Residency Licensees Requirement
A CPA holding a currently valid license from his state of residency may choose to meet the Iowa CPE requirements using reciprocal license by substantial equivalency.