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Subject Topic: Expiring Credit for CPA (Topic Closed Topic Closed) Post ReplyPost New Topic
  
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minicre
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Posted: 30 Oct 2008 at 16:04 | IP Logged  

Okay, i have heard from multiple people different things! so i am trying to find out for sure! If you do not pass all 4 parts within the 18 month window, do you lose all your parts or just the one that you passed first (and so on)? I emailed the New York accountacy board, and they gave me a one line answer that didnt seem as legit as i wanted it to be. Additionally, I have searched the web and found different sites saying different things. Finally I have some co-workers who say one thing and other who say you lose them all! WHAT IS THE ANSWER?

 

(BTW, i am more specifically looking for the answer out of the NEW YORK state board)



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rd4bu
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Posted: 30 Oct 2008 at 18:55 | IP Logged  

The 18-month window starts when you pass your first part.  You then have a "rolling" 18-month window to complete the three remaining parts.  You only have to sit for the final part before the end of the 18-month window.  If you pass then you retain all your credit.

It may be a good idea to take the part that you are the weakest in first and save your strongest part for the end.

Note: I am speaking from personal experience.  I took my last part a day before my 18-month window expired.  Luckily, I passed and am now a CPA.  



Edited by rd4bu on 30 Oct 2008 at 18:55
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lola_m
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Posted: 10 Nov 2008 at 03:20 | IP Logged  

rdb4u is exactly right - the rolling 18 month window applies in New York state. Each part has their own 18 month window which is calculated from when you pass that individual part. You will only lose the first part.
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