Oklahoma Accountancy Board

Continuing Professional Education (CPE)

New Rules for CPE and Compilations Please note that beginning January 2011, any CPA/PA involved in the supervision or review of compilation engagements for third party reliance must earn/report at least four (4) hours of Compilation CPE. To satisfy the requirement, the coursework must cover compilations specifically. Courses in Compilation and Review will not satisfy the reporting requirement. The compilation CPE reporting requirement is waived if the certificate holder works for a firm currently enrolled in a peer review program with an approved sponsor, or is a sole proprietor currently enrolled in a peer review program with an approved sponsor. Three Rolling-Year Reporting Requirement When planning your CPE activities, it is tempting to focus only on the current year’s coursework. Remember though, that the CPE hours you earn in 2011 count not only toward your 2011 reporting requirement, but also contribute to the following three rolling-year reporting periods: 2009 – 2011 2010 – 2012 2011 – 2013 To avoid falling out of compliance with your reporting, and facing possible enforcement actions, plan your CPE efforts to meet the following requirements: A minimum of 20 hours must be reported in any single year A minimum of 120 hours must be reported in each three rolling-year reporting period A minimum of four (4) hours of Ethics must be earned in each three rolling-year reporting period Specific requirements may apply if you are involved in compilation engagements Specific requirements apply if you are a permit holder working in industry Working in Industry? If you are a CPA/PA working in industry, and holding a permit to practice, you are required to complete at least seventy two (72) hours of the one hundred twenty (120) hours you report for each three rolling-year reporting period in subjects related to the practice of public accounting. At least eight (8) hours per calendar year must be in the areas of taxation, assurance, or accounting. All documents are available as PDF files unless otherwise indicated. CPE Manager New (MS Excel file) Qualifying CPE FAQs CPE Reporting Requirements FAQs Ethics Examination and Ethics CPE FAQs General CPE Information FAQs Exceptions to the CPE Requirement FAQs Re-entering Active Status FAQs Permit FAQs Download Forms Online Services