What requirements would an industry CPA/PA have to meet in order to obtain a permit?
To apply for an initial permit or to apply for a permit once a previous permit has lapsed, you must report a minimum of 40 hours of CPE and provide evidence of successful completion (90% or above) of the AICPA’s Comprehensive Ethics Examination or its equivalent as determined by the OAB earned within the previous calendar year or within 365 days period immediately preceding the date of the application. The course, entitled “Professional Ethics: AICPA’s Comprehensive Course,” may be available from your state’s professional society or it can be ordered from the AICPA at www.cpa2biz.com. The CPE credit for the course may be counted toward the 40 hours of CPE required for the permit. Secondly, if you apply for a permit to practice, 72 hours of the total 120 hours earned in a rolling 3-year period (60%) must be earned in areas related to the practice of public accounting. You must complete 8 hours each year in the areas of accounting, assurance, or taxation. If you do not hold a permit, you
