- CPE - 201 KAR 1:100. Beginning January 1, 2021, the Board will allow CPAs who must complete 80 hours of CPE to use 8 hours of personal development courses toward satisfying the CPE requirement and those completing 60 hours to use 12 hours of personal development courses. The following courses will still not receive credit: self-realization, spirituality, personal health or fitness, sports and recreation, foreign languages or cultures, and any other subjects that do not contribute directly to the professional competence of the licensee.
- Beginning January 1, 2021 CPAs who prepare audits, reviews, compilations OR the preparation of financial statements must complete 8 hours of CPE in auditing or accounting courses every year for a total of 16 of the 80 hours over the two year reporting period.
- Beginning January 1, 2021, 50 percent of the 80 or 60 hours must be in technical standards courses. Technical standards courses are defined as the subject matter of the courses are accounting, auditing, business law, economics, finance, information technology, management services, professional ethics, statistics, securities, tax, and specialized areas of industry all of which shall contribute directly to the professional competence of a CPA. It is believed most CPAs already meet this requirement.
Click here to view Amendment 201 KAR 1:100. Continuing professional education requirements.
PUBLIC HEARING AND PUBLIC COMMENT PERIOD:
A public hearing on this administrative regulation shall be held on October 21, 2019 at 1 p.m., EST at the office of the Board located at 332 W. Broadway, Suite 310 Louisville, Kentucky 40202.
Individuals interested in being heard at this hearing shall notify this agency in writing by five workdays prior to the hearing, of their intent to attend.
If no notification of intent to attend the hearing is received by that date, the hearing may be canceled. This hearing is open to the public. Any person who wishes to be heard will be given the opportunity to comment on the proposed administrative regulation. A transcript of the public hearing will not be made unless a written request for a transcript is made.
If you do not wish to be heard at the public hearing, you may submit written comments Legislative Research Commission PDF Version Page: 6 on the proposed administrative regulation. Written comments shall be accepted until the end of the day (11:59 p.m.) October 31, 2019.
Send written notification of intent to be heard at the public hearing or written comments on the proposed administrative regulation to the contact person.
CONTACT PERSON: Richard C. Carroll, Executive Director, Kentucky State Board of Accountancy, 332 W. Broadway, Suite 310, Louisville, Kentucky 40202, phone (502) 595-3037, fax (502) 595-4281, email dick.carroll@ky.gov.