Ask the NINJAs: California CPA Experience Requirements

    Dear NINJAs,

    I’m currently looking at a variety of jobs to fulfill the experience requirement in California.

    One job on my radar is an internal auditing position with a national construction company.

    Does internal auditing typically satisfy the attestation requirement?

    -Brian

    CPA-Review

    Dear Brian,

    It looks like this experience would fall under General Accounting Experience as defined by the California Board of Accountancy and not Attest Experience.

    Update: We reached out the CBA for verification and it will count for attest experience.

    CBA

    Let’s look at what the CA BOA has to say about a few things:

    General Accounting Experience

    From the CBA: “For experience to count it must meet the scope of ‘providing any type of service or advice involving the use of accounting, attest, compilation, management advisory, financial advisory, tax, or consulting skills’ and is performed under the direct supervision and oversight of a CPA with an active license.”

    Link: http://www.calcpa.org/Content/licensure/faq/attest.aspx

    Internal Audit (we believe) would fall under this category.

    So – your direct supervisor would need to be a CPA with an active license, which might be tricky because many CPAs don’t keep their license up-to-date once they leave public accounting and really have no need to sign off on audits or tax returns (because let’s face it – CPE is a pain).

    If your direct supervisor is an active CPA and will sign off on the experience – then you should be fine ~ assuming you don’t want to be able to sign off on attest engagements, which leads us to…

    California
    Attest Experience – 500 Hours

    From the CBA: “For attest experience, the applicant to demonstrate the ability to understand the requirements of planning and conducting a financial statement audit or perform other attest services with minimum supervision that results in an opinion on full disclosure financial statements.”

    Of course…there’s also…Pathyway 1 vs Pathway 2 to consider.

    The Bottom Line

    The CBA’s response to our tweet changes the entire scenario. Your experience would count towards the attest experience requirement.

    For anyone else who can’t make the attest experience happen, you might consider getting the general license first – and then if you really want the attest-signing abilities later on, you can add the attest experience.

    Link: http://www.dca.ca.gov/cba/faqs/faqlic.shtml#il-exrequire

    From the CBA: “…you can add the attest experience at a later date (after receiving the initial license). You will need to have your supervisor complete and submit the attest experience form to the California Board of Accountancy. The California Board of Accountancy will have to review and approve the quality of your experience before you would be able to sign an audit or review.”

    One more link: http://www.another71.com/cpa-exam-forum/topic/will-internal-audit-experience-qualifies-for-the-cpa-work-experience

    Caveat

    Each state does things their own way. It’s a Uniform CPA Examination, but it’s not uniform licensing. Ultimately, it’s up to the state to make the determination about your experience and it’s probably a subjective process, so always contact your state board first before making any sort of career move based on work experience requirements.

    -The NINJAs

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    January 29, 2015 Ask the NINJAs

    Forum Spotlight: Regulation

    January 28, 2015 Another71 Forum

    Ask the NINJAs: Scheduling REG with Expiring BEC Credit

    Dear NINJAs,

    My BEC CPA Exam section that I passed previously is expiring on 01/31/2015.

    I am planning on taking Regulation on the same date 01/31/2015.

    Will I lose BEC if I take it on the same day? I called Prometric and they said I will not lose BEC if I take Regulation on the same day but I wanted to confirm with you also.

    Thanks for your help and keep up the good work!

    -Fyose

    CPA-Review

    Dear Fyose,

    You’re in good shape (assuming you pass REG – no pressure, or anything).

    According to NASBA: “You have until the end of testing on the day your credit expires (emphasis added). Remember, when scheduling your examination, some testing centers are not open on weekends or holidays. For some jurisdictions, the expiration date for conditional credit may fall in a non-testing month.”

    You have a few days until your exam, so make the most of it.

    We NINJAs want to send you some free Individual Tax notes, which makes up approximately 16% of REG according to the AICPA’s 2015 CSO.

    In return, we ask for 16% of your celebratory REG cake (we NINJAs are partial to cheesecake, which technically isn’t a cake…we get that).

    -The NINJAs

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    January 28, 2015 Ask the NINJAs

    Prometric Closings: January 28

    blizzzrd

    Prometric has closed some testing centers due to winter weather.

    January 28, 2015

    Bangor, ME 5119
    Boston, MA 5135
    Boston,MA 5235
    Brockton, MA 5194
    Brookline , MA 5332
    BROOKLINE, MA 5331
    Burlington, MA 5855
    Concord, NH 5148
    Cumberland, RI 3903
    Glastonbury CT 0048
    Glastonbury CT 5480
    LOWELL, MA 5180
    North Andover, MA 2504
    Warwick, RI 5805
    West Springfield, MA 2525
    Worcester, MA 0005

    Keep tabs on the updated list here as winter weather rolls in this week.

    January 27, 2015 News

    Forum Spotlight: AUD

    January 27, 2015 Another71 Forum

    Prometric Closings: January 27

    blizzzrd

    Prometric has closed some testing centers due to winter weather.

    January 27, 2015

    ALBANY New York 5110
    Allentown PA 1710
    BANGOR Maine 5119
    BOSTON MA 5135
    Boston MASSACHUSETTS 5235
    Bridgewater MA 7569
    BROCKTON MA 5194
    Brookline MA 5332
    Brookline MA 5331
    Brooklyn New York Unites States 5204
    Brooklyn NY 5203
    Burlington MA 5855
    Clark NJ 5871
    Clark NJ 5858
    Conshohocken PA 1701
    Conshohocken PA 1702
    Cumberland RI 3903
    Fair Lawn New Jersey 4102
    Fair Lawn NJ 4119
    Fairlawn NJ 0033
    Glastonbury CT 5480
    Glastonbury CT 0048
    Halifax Nova Scotia Canada 6032
    Hamden CT 2403
    Hamilton NJ 4114
    Laurel Springs NJ 4101
    Lowell Massachusetts Unites States 5180
    Melville NY 5823
    Melville NY 5872
    New Castle DE 5130
    New York New York 5845
    New York New York 0041
    New York NY 5805
    New York NY 5844
    New York NY 5846
    New York NY 0040
    New York NY 5866
    New York NY 5867
    New York, NY 0042
    New York, NY 5880
    New York, NY 5879
    New York, NY 5856
    North Andover MA 2504
    Philadelphia PA UAS 1726
    Philadelphia PA 0020
    Philadelphia PA 0021
    Portsmouth NH 4003
    POUGHKEEPSIE NY 0085
    Purchase NY 4203
    Queens NY 0019
    Robbinsville NJ 4113
    Salisbury Maryland 3501
    South Portland ME 3400
    Warwick Rhode Island 5805
    West Springfield MA 2525
    WESTBURY New York 4215
    Westbury NY 4214
    WORCESTER Massachusetts 0005

    Keep tabs on the updated list here as winter weather rolls in this week.

    January 27, 2015 News

    Ask the NINJAs: Early CPA Exam Score Release?

    Dear NINJAs,

    I’ve taken the first part of the CPA Exam — Auditing. I took it on January 17 and I’m hoping for the Feb 4 score release (of course I’m in the dying to know how I did pass).

    I noticed in previous postings that NASBA released the scores early and you did a pretty awesome job predicting the release.

    Any hope on Q1??

    -Rob

    CPA-Review

    Dear Rob,

    The good ol’ days when scores came out before the target date and the NINJA Date was the actual score release date are long gone.

    We live in a world with countdown clocks now, Rob.

    That’s the new normal.

    And Rob – don’t you dare complain about it.

    Don’t you know, Rob, that people used to walk barefoot 5 miles uphill both ways through the snow at 3am on a Sunday morning (the bars had just closed, so it seemed like a good thing to do) just to retrieve their scores at the post office from a one-eyed guy named “Earl” (no one knew his last name – or why he had their CPA Exam scores).

    The nerve, Rob. The Nerve!!!

    (No – don’t count on any sort of an early score release).

    -The NINJAs

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    January 27, 2015 Ask the NINJAs

    Forum Spotlight: FAR

    January 26, 2015 Another71 Forum
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