Reciprocity

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  • #198553
    saemandr
    Participant

    Okay, quick question! 🙂

    I live and work in Colorado, we just moved here in May and when we moved, I found out the CO was changing their requirements to be licensed starting July 1, 2015. They basically made it so that even if you meet the 150 credit requirement, they still “want” you to have a masters… aka, a second audit class, an accounting specific ethics course, a business specific communications course, and they don’t include 200 level accounting classes (my intro to accounting). If I continue on this process for CO, I’ll have to take 4 additional courses after completing the exams.

    We moved from NC, so I am slightly familiar with the requirements there, and I know they do not require these additional classes, like CO does. Could I sit for the CPA as an NC candidate, apply for licensing in NC, and then seek reciprocity in CO without having to take those additional courses?

    I saw a post on here a while back that mentioned something about only having to take the additional courses IF you transfer you exam scores in one state (NC) and apply for licensing in another state with more difficult requirements (CO), but maybe that was just my wishful thinking 🙂

    REG - 73, 69 ugh
    AUD - 11/21/2015
    BEC - Jan 2015
    FAR - April 2015

    Becker Self Study/NINJA Audio/NINJA Flashcards

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  • #745025
    greg2015
    Member

    You are correct. Based on the Colorado requirements on the NASBA website, if you have a CPA license in a jurisdiction with substantially equivalent requirements to Colorado and you have completed all required CPE to date, then you qualify for a Colorado CPA license. Therefore, you can definitely take the exam and become licensed under North Carolina. You can take it at your local Prometric center. Once you're done, then apply for a reciprocal license in Colorado.

    I don't think this would work in all states though. I believe there are some states that won't let you have a reciprocal license unless you meet their educational requirements also, unless you've had an out-of-state CPA license for a number of years.

    AUD: 99
    FAR: 95
    BEC: 89
    REG: 87

    AICPA Ethics: 91

    Licensed Illinois CPA

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