Summary of Rule 13 – CPE Requirements

1. GROUP STUDY: Minimum of 8 hours based on 40-hour rule or 24 hours based on 120-hour rule is required.

2. CONTENT: If engaged in public practice, a minimum of 16 hours based on the 40-hour rule or 48 hours based on the 120-hour rule shall be completed in content subject areas.  If not engaged in public practice, a minimum of 8 hours based on the 40-hour rule or 24 hours based on the 120-hour rule shall be completed in content subject areas.  Content subject areas include Accounting, Attest, Ethics, or Taxation

3. ENGAGED IN ATTEST/COMPILATIONS: If the licensee is engaged in attest or compilation functions, a minimum of 8 hours based on the 40-hour rule or 24 hours based on the 120-hour rule must be completed in Accounting/Attest.

4. ETHICS: All license holders must have at least 4 hours of Ethics in any 36 month reporting cycle. One of those hours must be the Arkansas Board Laws and Rules course (ETA).

5.  NEW LICENSEES: Licensees who receive their initial licensure during the current calendar year must obtain CPE hours prorated based upon the date of initial licensure. They are exempt from the ethics requirement until their first full year of licensure.

6. 120-HOUR RULE REPORTING CYCLE: January 1, 2021 through December 31, 2023. 

7. SPONSORS: CPE sponsors must be registered with NASBA. The certificate of completion must include the sponsor’s registration number. Professional accounting and legal organizations, accredited universities and colleges, firms, and government entities are exempt from the NASBA registry requirement.

This CPE Summary is for supplemental purposes only.  Board Rule 13 and A,C.A. § 17-12-502 should be reviewed for your official source. The Arkansas Board Laws and Rules course (ETA) can be accessed at http://labor.arkansas.gov/licensing/state-board-of-public-accountancy/arkansas-ethics-course-eta/.