CPA Reviewed – Podcast #7

CPA Reviewed Podcast #7

A lot of questions in this episode about practicing simulations and starting over after a failed exam.

Have a question? You can Ask Jeff or post it on Facebook and it will get answered in a future podcast.

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Brian 11 years ago

@54-Year Old Tax Expert -- you are likely old enough to be grandfathered in for licensing requirements without 150 hours in most states if as you said "pass a section of the exam by the specified date". If you are tax expert -- take REG first and knock it out of the park. @Dude looking to take the exam but doesn't meet the requirements of his state -- Register under the Colorado jurisdiction as Jeff suggested. Get licensed in Colorado. If you are not in public accounting and work in industry you can still put CPA on your business cards and e-mail signatures which are considered internal communications. You can include the designation on websites like LinkedIn as well but just clarify that you are licensed in the state of Colorado. You will have to meet the requirements to take the exam in your state if you ever want to transfer the license through reciprocity from Colorado to your state. I live/work in Kansas and have been a licensed CPA under the Colorado State Board of Accountancy for 2 years now (CPE requirements current). I will be transferring the license to Kansas this December through reciprocity when I graduate with an MBA to complete my 150 hour requirement. Don't wait to take the exam, knock it out now. The 150 hour rule is garbage and doesn't make you a better CPA. I passed all sections on the first try with 125 hours.

Jeff - 11 years ago

Good stuff, Brian.