Earning your CPA can be one of the best decisions you make in your life. Candidates who earn their CPA will have accelerated careers leading to job promotions and increases in salary. The CPA designation is one of the top designations in the accounting industry and one of the best professional designations throughout the business world. There are a number of CPA requirements in Colorado that must be met before candidates can take the CPA exam - this is one reason the CPA designation is so difficult to achieve. Try out a CPA review course by checking out our best CPA review courses.
One thing that makes the CPA exam so unique is that each state has a different set of requirements that candidates must meet before they can take the exam. For those candidates who wish to earn their CPA in Colorado, read the requirements below to see if you are eligible to take the CPA exam.
Colorado CPA Contact Information
Earning your CPA designations is a very rewarding experience. The process will be very long and stressful, but will be worth it in the long-run. Candidates who will be taking the CPA exam in Colorado should verify they meet all the requirements with the Colorado Board of Accountancy to check for any fee, rules, or general requirement changes.
CPA Requirements CO
Degree and Education Requirements in Colorado
Baccalaureate degrees are required for all CPA candidates in the state of Colorado. Candidates must also complete 150 credit hours in addition to earning their baccalaureate degree. Most colleges and universities award baccalaureate degrees after students complete 120 credit hours - this means those who wish to sit for the CPA must complete an extra 30 credit hours to be eligible for the CPA exam.
On top of completing the total number of credit hours, Colorado requires candidates to hit a certain number of hours in accouting classes and in business or related courses. Colorado requires candidates to have 33 credit hours in accounting classes and 27 credit hours in business or other related courses. Students that are accounting majors should have no trouble hitting these requiremets.
Residency and Age Requirements in Colorado
Candidates who wish to take the CPA in the state of Colorado do not have to be United States citizens. As well as not having to be a U.S. citizen, candidates do not have to be a Colorado resident either. The state of Colorado does not have a minimum age requirement to sit for the CPA, so if you meet all the other requirements, you can take the CPA at whatever age you desire.
CPA Fees in Colorado
With the CPA exam being so expensive, candidates should ensure they are prepared to take the CPA exam the first time around. Colorado has an application fee of $150. Along with the application fee, candidates will also have to pay $208.40 for each test section on the CPA.
Candidates who wish to take the whole CPA exam in Colorado will have to pay a total of $983.60. Candidates who need to retake portions of their CPA exam will have their registration fee adjusted accordingly.
CPA License Requirements in Colorado
On top of all the requirements that must be met to take the CPA, there are also requirements that must be fulfilled to maintain a CPA designation. Colorado CPA holders are required to complete continuing education hours, have a social security number, and pass the AICPA Ethics Exam. As well as those requirements, CPA holders must also have prior work experience.
CPE in Colorado - Continuing Education
The state of Colorado requires CPA holders to complete 80 CPE hours. CPE stands for continuing professional education. Individuals are required to complete these CPE hours so that they can continue to improve their skills and learn new skills. Colorado requires CPA holders to renew their CPE hours every 2 years.
The accounting world is always changing with new rules and regulations being implemented so CPE hours have become a requirement in most states. Candidates can complete their CPE requirements in various ways and are usually required to complete the hours based on various subjects. For more information, click here.
Colorado CPA Experience Requirements
Colorado requires candidates to have experience before they can issue the license. Usually this experience includes providing any type of service that uses accounting, compilation, advisory, tax, or consulting.
Note – work experience is not required to sit for the CPA exam, only to have the state issue your CPA license.
Other Requirements in Colorado
Another box that must be checked when earning your CPA in the state of Colorado includes passing the AICPA Ethics exam. The AICPA Ethics exam is designed by the AICPA and is used to prepare CPA candidates for ethical problems they may encounter in their professional accounting careers. Colorado also requires candidates to have a social security number.
Additional Links and Resources
For more information on the CPA exam and requirements check out the following links. With the CPA exam being so expensive to take, make sure you pass it the first time – see our reviews for the top CPA review courses.