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Subject Topic: FL 1yr work exp loophole? (Topic Closed Topic Closed) Post ReplyPost New Topic
  
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stickee
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Joined: 01 Feb 2010
Location: United States
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Posts: 2
Posted: 02 Feb 2010 at 09:08 | IP Logged  

Am I interpreting this incorrectly? I will have 150 credits and a bachelors in accounting this summer and plan to start preparing the extra time needed for the CPA exam so I'd like to plan accordingly since I won't have the 1 yr work experience "under a cpa".

If I applied and took the exam in another state and I qualified under the new rule education requirements, couldn't I transfer the license to Florida and bypass the work experience rule?

 

 

LICENSURE BY ENDORSEMENT

The endorsement method is used when an applicant has applied for a license in another state, is already licensed in another state, is an Approved Chartered Accountant.  The endorsement method is also used for transferring examination credit when an individual has passed all four parts of the Uniform CPA examination in another state in accordance with Florida’s sitting rules.  Individuals who are transferring examination credit must meet the new rule education requirements.

To successfully obtain a license by endorsement a candidate must

  • Submit Licensure by Endorsement application and a $300.00 nonrefundable fee
  • Evidence successful passage of the CPA examination
  • Meet education requirements based on year initially sat for the examination
  • Evidence Work Experience – not required if meeting new rule education requirements
  • If more than two years since CPA examination was passed evidence completion of 80 hours of CPE to include 20 hours in accounting and auditing and no more than 20 hours in behavioral subjects.
  • If licensed in another state, must evidence current active license in good standing

 

 



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stickee
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Posted: 10 Feb 2010 at 12:03 | IP Logged  

Anyone have any thoughts? Agree? Disagree? Suggestions? Or did I say something really dumb?



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annoyings
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Joined: 28 Mar 2009
Online Status: Offline
Posts: 104
Posted: 14 Feb 2010 at 16:29 | IP Logged  

Agreed - I did the same thing with no trouble. They should probably fix
that.
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p1nkch1ck
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Joined: 08 Jun 2009
Online Status: Offline
Posts: 82
Posted: 20 Apr 2010 at 22:31 | IP Logged  

Wow, why didn't I do that...

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cflas08
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Joined: 04 Apr 2009
Location: United States
Online Status: Offline
Posts: 941
Posted: 20 Apr 2010 at 22:54 | IP Logged  

stickee wrote:

Am I interpreting this incorrectly? I will have 150 credits and a bachelors in accounting this summer and plan to start preparing the extra time needed for the CPA exam so I'd like to plan accordingly since I won't have the 1 yr work experience "under a cpa".

If I applied and took the exam in another state and I qualified under the new rule education requirements, couldn't I transfer the license to Florida and bypass the work experience rule?

 

 

LICENSURE BY ENDORSEMENT

The endorsement method is used when an applicant has applied for a license in another state, is already licensed in another state, is an Approved Chartered Accountant.  The endorsement method is also used for transferring examination credit when an individual has passed all four parts of the Uniform CPA examination in another state in accordance with Florida’s sitting rules.  Individuals who are transferring examination credit must meet the new rule education requirements.

To successfully obtain a license by endorsement a candidate must

  • Submit Licensure by Endorsement application and a $300.00 nonrefundable fee
  • Evidence successful passage of the CPA examination
  • Meet education requirements based on year initially sat for the examination
  • Evidence Work Experience – not required if meeting new rule education requirements
  • If more than two years since CPA examination was passed evidence completion of 80 hours of CPE to include 20 hours in accounting and auditing and no more than 20 hours in behavioral subjects.
  • If licensed in another state, must evidence current active license in good standing

Well it says this now:

To successfully obtain a license by endorsement a candidate must

  • Submit Licensure by Endorsement application and a $300.00 nonrefundable fee
  • Evidence successful passage of the CPA examination
  • Meet education requirements based on year initially sat for the examination
  • Evidence Work Experience – not required if 150 hour licensure education met by December 31, 2008 and CPA examinatin passed by June 30, 2010
  • If more than two years since CPA examination was passed evidence completion of 80 hours of CPE to include 20 hours in accounting and auditing and no more than 20 hours in behavioral subjects.
  • If licensed in another state, must evidence current active license in good standing


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