Alabama was selected based on a number of factors which include: 1) the comparability of the size of firms they administer to Mississippi firms; 2) the regional location close to Mississippi; 3) the fact that they have a dedicated, experienced team of full-time staff, including a CPA (now required by peer review standards) to effectively administer the program; and, 4) the opportunity for MSCPA Peer Review Committee members to stay involved if they so choose.
Recently the Arkansas Society’s peer review administration transferred to Alabama as well which creates an opportunity for all three states to work together.
License Renewal Date 9/30 annually CPE Reporting Period 10/1 to 9/30 annually General Requirement 40 hours Ethics Requirement None Other Subject Area Requirements 8 hours in Accounting and Auditing Credit Limitations License Renewal Date 12/31 of odd years CPE Reporting Period 1/1 to 12/31 biennially ending on odd years General Requirements 80 hours, with a minimum of 20 per year Ethics Requirement 4 hours of Ethics Other Subject Area Requirements None Credit Limitations License Renewal Date Last business day of birth month biennially, odd or even year based on birth year CPE Reporting Period First day of month following birth month to last business day of birth month biennially, odd or even year based on license expiration date General Requirement 80 hours Ethics Requirement License Renewal Date Last day of birth month in odd or even year corresponding to the odd or even year of birth CPE Reporting Period Biennial on the last day of birth month in odd or even year corresponding to the odd or even year of birth General Requirements 80 hours 20 hour yearly minimum 40 hours in technical subjects 12 hours yearly minimum in technical subjects Ethics Requirement Four (4) hours Regulatory Review Requirement A two (2) hour, board approved, Regulatory Review course is due every 6 years.
Other Subject Area Requirements License Renewal Date November 30th of odd numbered years CPE Reporting Period 1/1 to 12/31 biennially ending on odd years General Requirements 80 hours Other Subject Area Requirements None Ethics Requirement Other State Policies Colorado does not pre-approve courses or providers.
Self-employment does not meet the definition of experience in accordance with § 54.1-4400 of the Code of Virginia.
During the licensure application process, applicants will be required to complete an Experience Verification Form to verify experience qualifications.
Questions about the AICPA Code of Professional Conduct may be directed to the AICPA Professional Ethics Division at [email protected] by calling the Ethics Hotline at 888-777-7077.
The Mississippi State Board of Public Accountancy has also expressed approval of the transition.
Under our current fee structure, the peer review program has historically operated at a loss or near breakeven.
Firms will receive a letter from the Alabama Society of CPAs that provides important information, including Alabama’s fee structure.
We are pleased to partner with the Alabama Society of CPAs in administering this important program, and we will work closely together to ensure a smooth transition for all firms. Herrin Chairman, MSCPA Board of Directors The MSCPA looks forward to working with you in making the Peer Review Program operate as smoothly as possible.
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After careful consideration and upon the recommendation of the MSCPA Peer Review Committee, the Board of Governors voted unanimously at the May 9, 2019, meeting to transfer the administration of Mississippi firms’ peer review to the Alabama Society of CPAs. While a later transition date was originally planned, the earlier date will allow for a more economical and efficient transition to coincide with the Society’s year end which is June 30.