WI CPA experience requirement

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  • #156762
    packers54301
    Participant

    Question for us WI folk….

    Do you have to work in Public accounting for a year to meet the experience requirement? Is there a site or something that has examples of jobs that meet this requirement?

    thanks

    FAR - 85
    BEC - 90
    REG - 10/19

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  • #206498
    Anonymous
    Inactive

    Here is the site to look at for certification. I also posted what most of what it said, but other questions and facts are on that site to look at too.

    https://drl.wi.gov/prof/acct/pfaq.htm#Application

    Application- Requirements for Individual Certification

    Q. How much work experience is required in order to obtain a CPA certificate?

    A. Wisconsin law now requires an applicant for a CPA certificate to have one year of public accounting experience or its equivalent as determined by the Board. The experience of each applicant as described in the submitted application materials is reviewed on an individual basis. Wis. Stat. § 442.04 (5). The following lists of experience categories may be helpful in evaluating whether certain experience qualifies as equivalent experience that is equivalent to one year of public accounting. The sufficiency of the experience presented by each applicant is subject to the board's evaluation.

    Experience Equivalent to Public Accounting

    • Financial statement preparation

    • Financial statement consolidation

    • Trial Balance/General Ledger/Fixed Asset

    • Audit support

    • Software conversion/installation of financial systems

    • Account reconciliation

    • Expense account analysis

    • Tax payments and returns, payroll management

    • Budget preparation, operating and capital

    • Product costing

    • Developing, testing internal controls

    • Capital budgeting support

    • Analysis of financial statements or budgets

    • Analysis of information flows and accounting processes

    • Research of accounting literature or tax codes

    • Conducting internal audits

    • Assigning accounting codes to invoices

    • Preparation of journal entries

    • Income tax preparation and projections–individual and corporate

    • Financial consulting

    Experience NOT found Equivalent to Public Accounting

    • Cash Register Clerk

    • Restaurant Manager

    • Secretarial support

    • Preparation of real estate sale closing statements

    • Bank Trust Department Account Officer

    • Analysis of insurance claims

    • Supervision of Purchasing Clerks

    • Bank Teller

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