The CPA designation is the gold standard in the accounting industry. Earning your CPA can accelerate your career, lead to promotions, and an increase in salary. The CPA is one of the hardest designations for professionals to earn because of the content on the exam and the number of CPA requirements in Illinois that need to be met to take the exam. For help preparing for the CPA exam, check out our best CPA review courses.
The CPA exam has a different set of requirements for candidates in every state. With each state requiring different things from candidates, this may lead to some confusion. Candidates in the state of Illinois should read the CPA requirements below to see if they are eligible to earn their CPA designation.
Illinois CPA Contact Information
Earning your CPA designation is a very long and stressful process – but can be very rewarding at the end. Candidates who wish to take the CPA exam in Illinois should make sure they meet all the criteria and should double check with the Illinois Board of Examiners for any fee, rules, or requirement changes.
CPA Requirements IL
Degree and Education Requirements in Illinois
CPA candidates are required to have their baccalaureate degrees in the state of Illinois. In addition to earning a baccalaureate degree, candidates must also complete 150 credit hours in college. Some candidates may not reach this requirement because most colleges will award a degree after only 120 credit hours - candidates wanting to sit for the CPA must complete an additional 30 credit hours.
An additional requirement by the state of Illinois includes candidates taking 30 credit hours in accounting classes and 24 credit hours in business or other related courses. Candidates that are pursuing an accounting major should meet these requirements relatively easy.
Residency and Age Requirements in Illinois
Candidates who wish to take the CPA in the state of Illinois 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 Illinois resident either. The state of Illinois has a minimum age requirement of 18. If you meet all the other requirements, you will be eligible to sit for the CPA exam.
CPA Fees in Illinois
The CPA is a relatively expensive exam to take, so it is important to prepare and be ready the first time. The state of Illinois charges an application fee of $120. Each test section on the CPA costs $208.40 in Illinois.
CPA candidates in Illinois who will be taking the full CPA exam will pay a total fee of $953.60. Candidates who only need to retake a portion of the CPA exam will have their fees adjusted to reflect the sections of the exam they will be taking.
CPA License Requirements in Illinois
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. Illinois CPA holders are required to complete continuing education hours and pass the AICPA Ethics Exam. As well as those requirements, CPA holders must also have prior work experience.
CPE in Illinois - Continuing Education
CPE, also known as continuing professional education, is needed for candidates to continue holding their CPA designation. Illinois requires their CPA holders to complete 120 CPE hours. CPE hours are required so that individuals can continue to improve their skills and learn new skills. CPA holders need to renew their CPE hours every 3 years in Illinois.
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.
Illinois CPA Experience Requirements
Illinois 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 Illinois
Another box that must be checked when earning your CPA in the state of Illinois 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.
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.