CPAs head back to class
Certified Public Accountants in all practice areas will be heading back to the classroom. New regulations require all CPAs – not just those in public practice – to complete yearly continuing professional education.
The regulations expand the definition of a CPA to include those working outside the realm of traditional public accounting, including those employed in industry, nonprofit organizations and education.
CPAs must complete at least 24 or 40 hours of mandated continuing professional education, known as CPE, ranging from broad topics such as taxation and auditing to specialized skill sets, including performing school district audits.
“The hope and intent is that you update your skills sets in your area of practice,” said Joe Falbo, a CPA and partner with Tronconi Segarra & Associates.
- by Kelsey Swanekamp | Business First of Buffalo
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