Or. Admin. Code § 801-040-0100 - New Licenses/Reinstated Licenses

(1) CPE Requirement

(a) Licensees who receive an initial license to practice public accountancy shall comply with the CPE requirements from the date of issuance of the license on a prorated basis calculated at 3 CPE hours per month, including the month of issuance, until the end of the renewal period in which the license is issued.

(b) The 20 hour annual CPE requirement shall also be prorated at two (2) CPE hours per month, including the month of issuance, until the end of the renewal period in which the license is issued.

(c) CPE hours earned during any month of the two-year renewal cycle during which the initial license was issued shall be eligible to meet the initial CPE requirement.

(d) The maximum credit allowed for non-technical CPE hours is no more than 20% of the prorated CPE hours due.

(2) Requirement for licensed public accountants who become licensed as certified public accountants. Licensees who hold a license to practice public accountancy as a licensed public accountant under ORS 673.100, and who receive an initial certificate and license to practice public accountancy as a certified public accountant shall, in addition to the requirement under section (1) of this rule, complete and report 3 CPE hours for each month of the renewal period during which the person held a license as a public accountant. CPE hours earned during any month of the two year renewal cycle during which the initial license was issued shall be eligible for credit to meet this requirement.

Notes

Or. Admin. Code § 801-040-0100

AB 1-1985, f. & ef. 3-21-85; AB 4-1989, f. & cert. ef. 3-13-89; AB 4-1994, f. & cert. ef. 9-27-94; BOA 5-2000, f. 12-7-00, cert. ef. 1-1-01; BOA 7-2001, f. 12-31-01, cert. ef. 1-1-02; BOA 7-2003, f. 12-23-03 cert. ef. 1-1-04; BOA 6-2004, f. 12-30-04, cert. ef. 1-1-05; BOA 4-2011, f. 12-28-11, cert. ef. 1-1-12; BOA 1-2019, amend filed 12/19/2019, effective 1/1/2020; BOA 3-2023, amend filed 09/29/2023, effective 10/1/2023

Statutory/Other Authority: ORS 670.310, 673.040, 673.050 & 673.410

Statutes/Other Implemented: ORS 673.165