CPE Requirements Minnesota
Minnesota
License Renewal Date
12/31 License Renewal; Begin 3 year renewal in 2011
CPE Reporting Period
7/1 to 6/30 annually, with a rolling 120 hour, 3-year CPE cycle.; July 31st reporting beings 2011
A-H: Report will cover years 2009-2011 ended June 30 and must report CPE by 7/31/2011
I-P: Report will cover years 2009-2011 ended June 30 and must report CPE by 12/31/2011
Q-Z: Report will cover years 2008-2010 ended June 30 and must report CPE by 12/31/2010
General Requirement
120 hours every 3 years, with a minimum of 20 hours per year.
Ethics Requirement
8 hours in Accounting Ethics or Business Ethics every reporting period.
Other Subject Area Requirements
None
Credit Limitations
* The maximum credit for instructors is 50% of total hours.
* The maximum credit for published articles and books is 50% of total hours.
* The maximum credit for self-study is 80% of total hours. Must be QAS approved.
* Personal Development credits are limited to 24 hours.
Other State Policies
No more than 40% of the required hours can be earned through non-Registry or non-Board approved sponsor/program sources. For the 07/01/04 – 06/30/05 reporting year, the 3-year period ending June 30, 2007, and thereafter, programs that will automatically be accepted by the MN Board are seminar or lecture programs sponsored or presented by:
* The Office of the Legislative Auditor or State Auditor (provided a quality review similar in scope to a system review level quality review conducted on a CPA firm has been completed in the last three years and an unmodified report on such review filed with the board)
* CPE programs sponsored by professional organizations recognized by the board as report acceptance bodies (specifically approved by the board)
Non-Residency Licensees Requirement
A non-resident licensee with an active status in Minnesota meets Minnesota’s requirements by meeting the requirements in which the licensee’s principal office is located. If the principal office state has no CPE requirements, Minnesota’s requirements apply.