News Regarding Nano Learning: Effective September 1, 2016 - The National State Boards of Accountancy (NASBA) and the American Institute of Certified Public Accountants (AICPA) recently approved revisions to the Statement on Standards for Continuing Professional Education (CPE) Programs (Standards) during their respective July and August Board of Directors meetings.  These revised standards include two new instructional delivery methods for CPE activities: blended learning and nano learning.   Please note, the Oklahoma Accountancy Board will accept blended learning activities as it complies with our rules. The Board will not accept nano learning activities.  If you have any questions regarding this information please contact the Board.

Rolling Three-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 2016 count not only toward your 2016 reporting requirement, but also contribute to the following three reporting periods*:

2014 – 2016               2015 – 2017                2016 – 2018

*Your 3 year rolling period begins the year you are initially certified or the year you return to active CPE status

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 earned and  reported in any single year
    • A minimum of 120 hours must be earned and reported in each rolling 
    three-year reporting period
    • A minimum of four (4) hours of Ethics must be earned in each rolling 
    three-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

Rules for CPE and Compilations

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 yearly. 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.

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 rolling three-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 (MS Excel file)

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