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 North Carolina 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.
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 North Carolina should read the CPA requirements below to see if they are eligible to earn their CPA designation.
North Carolina CPA Contact Information
Those students who will be taking the CPA exam in North Carolina should double check with the North Carolina State Board of Accountancy to look for any fee, rules, or requirement changes. Earning a CPA degree can be very stressful, but will be a reqarding experience and help you out in the long-run.
CPA Requirements NC
Degree and Education Requirements in North Carolina
CPA candidates are required to have their baccalaureate degrees in the state of North Carolina. 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.
Along with candidates needing to achieve a total number of credit hours, candidates in North Carolina are also required to have 20 credit hours in accounting classes and 24 credit hours in business or other related courses. Candidates that chose to be accounting majors should have no problem meeting these requirements.
Residency and Age Requirements in North Carolina
Candidates who wish to take the CPA in the state of North Carolina have to be United States citizens. Along with being a U.S. citizen, candidates do not have to be a North Carolina resident. The state of North Carolina 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 North Carolina
The CPA is a relatively expensive exam to take, so it is important to prepare and be ready the first time. The state of North Carolina charges an application fee of $230. Each test section on the CPA costs $208.40 in North Carolina.
Most candidates will take the whole CPA exam. Candidates in North Carolina will be expected to pay a total of $1063.60. If you only need to take a portion of the CPA exam again, you will have your fees adjusted accordingly.
CPA License Requirements in North Carolina
Once a candidate earns their CPA, they must also meet some requirements to maintain their CPA designation. North Carolina requires CPA holders to have a social security number and complete continuing education hours. On top of those requirements, CPA holders also need to have work experience. North Carolina does not require candidates to complete the AICPA ethics exam.
CPE in North Carolina - 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 North Carolina need to complete 40 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 year in North Carolina.
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.
North Carolina CPA Experience Requirements
North Carolina 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 North Carolina
CPA candidates in North Carolina do NOT have to take 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. North Carolina does require 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.