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Subject Topic: Experience Time Limit in CA?? (Topic Closed Topic Closed) Post ReplyPost New Topic
  
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cpanewbie2
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Joined: 20 Jul 2010
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Posts: 29
Posted: 10 Jun 2011 at 12:25 | IP Logged  

Couple Questions:

Does anyone know if there is a time limit once you pass the
exam that you need to get your accounting experience
cleared in California?

Also, does anyone know if cost accounting qualifies as
experience?

Thanks a lot for your help!
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sunnydelite
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Joined: 07 Jul 2010
Location: United States
Online Status: Offline
Posts: 109
Posted: 10 Jun 2011 at 21:08 | IP Logged  

To answer your first question, there is no time limt once you pass all the exam, you will have the credits forever.

I am not sure about your second question.

__________________
FAR 69, 84 Yes!   11/30/2010
BEC 69, 77        10/10/2010
REG 75 !!!        02/10/2011
AUD 83!          05/21/2011
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NewguyCPA
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Joined: 21 Apr 2008
Online Status: Offline
Posts: 31
Posted: 07 Aug 2011 at 03:45 | IP Logged  

hi,

I think there is a catch/limit for CA initial licensure:

"Applicants must meet the requirements for ¡°active¡± status when they are approved for initial licensure. Therefore, it is required that the applicant have current knowledge of the practice of public accounting. This knowledge is demonstrated for initial licensure by the recent completion of the CPA exam and/or license experience within the past five years."

After passing the exam, u must apply for licensing within 5 years. I am not sure whether the most current working experience can substitute the "current knowledge"/"active" status requirements, even if you apply for licensing AFTER the 5 years deadline.

Again, you should consult CA Board of Accountancy if you miss the 5 years deadline. You might be required to take extra CPE hours to meet the "active" status. [Please consult CA board].

Hope this helps.


 



__________________
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AUD-5/4/2009 67,4/27/2010 87
REG-4/4/2009 67,4/24/2010 87
FAR-4/13/2009 74,8/30/2009 80

NOT US UNDERGRAD. NEVER STUDIED US LAWS, TAX,REGULATIONS PLUS US GAAP and US GAAS.
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