Pitfalls with obtaining out-of-state license?

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  • #1499274
    nolitude
    Participant

    BG: I live and work in TX, and am 6 months away from completing my MS-Acc. I have 6 years of manager-level, non-routine accounting experience in industry, but have never been supervised by a CPA. So, to become a CPA in TX, I would have to quit my job and work elsewhere for at least a year, which I would rather not do, since it would probably involve a large pay cut and I have an awesome job.

    I am looking at applying to sit for the CPA exam in Illinois once I complete my masters, since that will satisfy their education requirement. I know that I would have to maintain my CPA license in IL, but since they don’t have a residency requirement that I can find, that sounds doable. Right? Am I missing a reason why I shouldn’t just be an Illinois CPA? I do not intend to ever work in audit, or start my own CPA firm, so as far as I can tell I shouldn’t even need to transfer my license. Is there any ethical issue with choosing a state I’ve never been to, but whose experience & education requirements suit me? Practical concerns? Is this something people do all the time? I have very little interaction with CPAs, so I have no clue!

    MS-Acc student, planning to start exam prep Sept. 2017
Viewing 3 replies - 1 through 3 (of 3 total)
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  • #1499407
    Trele6
    Participant

    I am the same, live in Texas but got my license in New Mexico.

    I did have to be signed off by a CPA, but it didn't have to be a supervisor. It just needed to be a CPA that has worked with me and could vouch for me.

    Once you get a CPA from another state you can easily do the reciprocity with Texas afterwards.

    B - 80 Jun16
    A - 74 Aug16, 77 Oct16
    R - 87 Nov15
    F - 79 Apr16
    Ethics - 98 Nov16
    Licensed in New Mexico Dec16

    First go at the CPA! Only using Becker
    Reg / Nov 2015 - 87
    Far / Apr 2016 - 79
    Bec / May 2016 - 80
    Aud / Aug 2016

    #1499566
    nolitude
    Participant

    Thank you! So, are you transferring your license to TX, or not worrying about it? Do you have to sign your name CPA (New Mexico) every time? Has it made any difference to you at all?

    MS-Acc student, planning to start exam prep Sept. 2017
    #1499590
    Trele6
    Participant

    I am in the process of having it moved over but not completed yet. I work in industry so in reality it has made no difference for me.

    B - 80 Jun16
    A - 74 Aug16, 77 Oct16
    R - 87 Nov15
    F - 79 Apr16
    Ethics - 98 Nov16
    Licensed in New Mexico Dec16

    First go at the CPA! Only using Becker
    Reg / Nov 2015 - 87
    Far / Apr 2016 - 79
    Bec / May 2016 - 80
    Aud / Aug 2016

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