The CPA is one of the hardest and prestigious professional designations someone can earn. Having said that, the CPA designation is the gold standard throughout the accounting industry. Candidates who earn their CPA's will accelerate their careers, earn promotions, and most likely earn a pay increase. The exam has many CPA requirements in Iowa that must be met before candidates can even take the exam. Make sure you are ready for the CPA exam by checking out our best CPA review courses.
Every state in the United States has their own set of requirements for candidates before they can take the CPA exam. If you are wanting to take the CPA exam in the state of Iowa, consider the following requirements and see if you meet all the standards to take the CPA exam.
Iowa 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 Iowa should make sure they meet all the criteria and should double check with the Iowa Accountancy Examining Board for any fee, rules, or requirement changes.
CPA Requirements IA
Degree and Education Requirements in Iowa
The state of Iowa requires all CPA candidates to have their baccalaureate degrees. As well as earning their baccalaureate degree, candidates must complete 150 credit hours. This is significant because most colleges and universities award baccalaureate degrees after only 120 credit hours – students who wish to take the CPA after they graduate must take an additional 30 credit hours.
An additional requirement by the state of Iowa includes candidates taking 24 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 Iowa
Candidates who wish to take the CPA in the state of Iowa 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 Iowa resident either. The state of Iowa 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 Iowa
Candidates should make sure they are prepared to take the CPA exam the first time around because of how expensive it is. Iowa charges an application fee of $145. As well as paying an application fee, Iowa CPA candidates will also be required to pay $208.40 for each section of the CPA.
CPA candidates in Iowa who will be taking the full CPA exam will pay a total fee of $978.60. 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 Iowa
Not only are their requirements that must be met to take the CPA, but there are also requirements that must be met to maintain a CPA designation. The state of Iowa requires CPA holders to complete continuing education, have a social security number, and pass the AICPA Ethics Exam. CPA holders are also required to have work experience.
CPE in Iowa - Continuing Education
Continuing professional education, also known as CPE, is education hours that CPA holders are required to complete to keep their CPA designation. CPA holders in Iowa need to complete 120 CPE hours. These hours are important for CPA holders to complete so that they can continue to learn new material and refresh their minds on older material. CPA holders need to renew their CPE hours every 3 years in Iowa.
With the accounting world always changing, CPE hours have become all the more important. New rules and regulations are constantly being added. 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.
Iowa CPA Experience Requirements
Iowa 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 Iowa
Another box that must be checked when earning your CPA in the state of Iowa 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. Iowa 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.