02-280 C.M.R. ch. 5, § 8 - CONTINUING PROFESSIONAL EDUCATION (CPE)
A. Except
as set forth in the next paragraph, all licensees shall obtain 40 hours of CPE
annually, due at time of renewal. The annual accumulation period for CPE is the
twelve month licensure period prior to the renewal date. A person who obtains a
license for the first time shall complete at least forty (40) credits of
acceptable CPE during the first full annual period following the year in which
the original license was obtained. If a licensee obtains more than 40 hours of
CPE in any licensure period, no more than 20 hours of such excess may be
carried forward and utilized in the immediately succeeding licensure period.
(For example, an individual who obtains 70 hours of CPE in one year and 30
hours in the succeeding year has 30 excess hours in the first year. The
licensee may carry forward 20 hours from the first year to the second in order
to make up a deficiency and satisfy the CPE requirement for the second year.
However, the licensee may not carry any of the excess from the first year to
satisfy the CPE requirement in any subsequent year.)
B. All licensees shall obtain at least 4
hours of CPE in professional ethics every three years, beginning with the date
of first renewal. Acceptable CPE in ethics may include a program of study of
the accountancy laws and rules of the State of Maine, including the Rules of
Professional Conduct set forth in Chapter 8 of the board's rules, or equivalent
standards of the Securities Exchange Commission, the AICPA, or similar
regulatory agency or professional organization.
C. The Board may verify information submitted
by an applicant by whatever means it deems appropriate.
D. Notwithstanding Chapter 13, Section
4 of the rules of the Office of
Professional and Occupational Regulation, entitled "Uniform Rule for the
Substantiation of Continuing Education Requirements," licensees shall retain
documentation of compliance with the CPE requirement, including professional
ethics, for the three annual licensure periods that immediately precede the
current licensure period on a rolling basis.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.