Ohio Admin. Code 4701-3-03 - Education, subject matter, and degree requirements to sit for the CPA examination

(A) The accounting concentration described in division (D)(1)(b) of section 4701.06 of the Revised Code shall include thirty semester hours credit or equivalent in accounting courses, that includes course work in the following subject areas: A candidate for the CPA examination must complete the following education requirements:

(1) Auditing in accordance with the generally accepted auditing standards defined in rule 4701-9-03 of the Administrative Code. The education requirement set forth in division (C) of section 4701.06 of the Revised Code.

(2) Financial accounting. A candidate who seeks to take the CPA examination under division (C) of section 4701.06 of the Revised Code shall meet the accounting concentration and business course requirement defined in this rule.

(3) Management accounting or cost accounting. A candidate who seeks to take the CPA examination under division (B)(2) of section 4701.06 of the Revised Code may waive the requirement specified in paragraph (A)(1) of this rule provided the candidate meets the accounting concentration and business course requirement as defined in this rule and the special examination requirement defined in paragraph (B) of rule 4701-3-07 of the Administrative Code.

(4) Taxation.

(B) The accounting concentration described in division (A)(4)(a) of section 4701.06 of the Revised Code shall include twenty-four semester hours credit or equivalent in accounting courses, that includes course work in the following subject areas:

(1) Auditing in accordance with the generally accepted auditing standards defined in rule 4701-9-03 of the Administrative Code.

(2) Financial accounting.

(3) Management accounting or cost accounting.

(4) Taxation.

(B)(C) Eighteen semester hours of graduate credit in accounting will qualify as meet the accounting concentration described in division (D)(1)(b) (A)(4)(a) of section 4701.06 of the Revised Code and paragraph (B) of this rule.

(C)(D) The business course requirement described in division (D)(1)(b) (A)(4)(a) of section 4701.06 of the Revised Code shall include twenty-four semester hours credit credits or equivalent in business courses other than accounting courses. Business law is considered a business course.

(D)(E) A candidate who holds a graduate degree in accounting from an institution accredited by an agency recognized by the "Council for Higher Education Accreditation" board will meet the accounting concentration requirement defined in paragraph (A) or (B) of this rule and the business course requirement defined in paragraph (C) (D) of this rule.

(E)(F) A candidate who holds a graduate degree in business from an institution accredited by an agency recognized by the "Council for Higher Education Accreditation" board will meet the business course requirement defined in paragraph (C) (D) of this rule.

Notes

Ohio Admin. Code 4701-3-03

Effective: 10/20/2021
Five Year Review (FYR) Dates: 9/7/2024
Promulgated Under: 119.03
Statutory Authority: 4701.03, 4701.06
Rule Amplifies: 4701.06
Prior Effective Dates: 01/17/1975, 07/05/1984, 04/27/1993, 12/09/1997, 03/19/1998, 01/01/2000, 05/07/2003, 07/16/2009, 09/07/2019