FEATURED PROGRAMS

5 Steps to Becoming a CPA in Colorado

Get your Education in Colorado
Take the Uniform CPA Exam in Colorado
Gain the Necessary Experience in Colorado
Get your Colorado CPA License
Continuing Education in Colorado

1. Get Your Education

a. Get in touch with Colorado colleges and universities to request information on their accounting programs. The Colorado State Board of Accountancy requires CPAs to have a bachelor’s degree.

b. Choose a college that is recognized by the Board. The university or college you select must be accredited by one of the following agencies:

If you attended school outside of the United States, your academic credentials must be evaluated by a member agency of the National Association of Credential Evaluation Services, Inc.. Visit their website to choose an agency. Your chosen agency will provide you with a form with which to request an evaluation. Once completed, that evaluation will be submitted to the Board for consideration.

c. Register for the right courses. Three different educational scenarios exist for CPA certificate applicants who are currently enrolling in an accounting program, already enrolled, or have graduated since July 1, 1993. Choose the one that best fits your situation:

Scenario 1: Did you receive a bachelor’s degree after June 30, 1993 and are you applying for certification before July 1, 2015? If so, your credits must include:
- 27 semester hours in accounting courses
  - 21 semester hours must be in upper-division accounting courses like:
    - Accounting ethics
    - Accounting research and analysis
    - Accounting information systems
    - Accounting theory
    - Financial accounting/reporting for government and nonprofit entities
    - Financial accounting/reporting for business organizations
    - Fraud examination
    - Financial statement analysis
    - Managerial accounting
    - Cost accounting
    - Internal controls and risk assessment
    - Tax research and analysis
    - Taxation
  - 3 semester hours must be in auditing courses that address Generally Accepted Auditing Standards (GAAS)
- 21 semester hours in business administration courses, with no more than 6 hours in any one of the following areas:
  - Business law
  - Behavior of organizations, persons and groups
  - Business ethics
  - Business communications
  - Economics
  - Finance
  - Computer information systems
  - Marketing
  - Management
  - Legal and social environment of business
  - Statistics
  - Quantitative applications in business

Scenario 2: If you are applying for certification after July 1, 2015, you must have a bachelor’s degree plus an additional 30 hours of non-duplicative courses, or a higher degree (totaling 150 semester hours). Included in your semester hours must be:
- 27 semester hours in upper-division accounting courses such as:
  - Accounting ethics
  - Accounting research and analysis
  - Accounting information systems
  - Accounting theory
  - Financial accounting/reporting for government and nonprofit entities
  - Financial accounting/reporting for business organizations
  - Fraud examination
  - Financial statement analysis
  - Managerial accounting
  - Cost accounting
  - Internal controls and risk assessment
  - Tax research and analysis
  - Taxation
  - 6 semester hours in auditing courses
    - 3 semester hours of that total must be in auditing courses that address Generally Accepted Auditing Standards (GAAS)
      - The remaining 3 semester hours may be in:
        Advanced auditing
        Fraud
        Information technology auditing
        Another subset of basic auditing
    - 3 semester hours must be in an accounting ethics course
  - 27 semester hours in upper-division business administration courses:
    - 3 semester hours must be in one of the following areas:
      - Business communications
      - Technical communications
      - Accounting communications
    - The rest of the 27 semester hours must be spread among courses like the following (with no more than 9 semester hours in any one area):
      - Business law
      - Behavior of organizations, persons and groups
      - Business ethics
      - Business communications
      - Economics
      - Finance
      - Computer information systems
      - Marketing
      - Management
      - Legal and social environment of business
      - Statistics
      - Quantitative applications in business
  - You must complete the 30 additional semester hours within 5 years of passing the Uniform CPA Exam

Scenario 3: If you are applying for certification before July 1, 2015 and wish to choose the education in lieu of experience option, you must have a bachelor’s degree plus an additional 30 hours of non-duplicative courses, or a higher degree (making your total semester hour credit count 150 hours). Included in your semester hours must be:
- 45 semester hours in a combination of undergraduate and graduate accounting courses
  - 6 semester hours must be in auditing
    - 3 semester hours must address Generally Accepted Auditing Standards (GAAS)
    - The remaining 3 semester hours may be in:
      - Advanced auditing
      - Fraud
      - Information technology auditing
      - Another subset of basic auditing
  - The rest of your accounting courses may be in areas such as:
    - Elementary accounting
    - Accounting theory
    - Managerial accounting
    - Accounting practice
    - Cost accounting
    - Nonprofit accounting
    - Tax accounting
    - Governmental accounting
    - Auditing
    - Accounting related computer and information systems
- 36 semester hours in business administration courses like the following (with no more than 9 semester hours in any one area):
  - Upper-division economics
  - Legal and social environment of business
  - Marketing
  - Business law
  - Finance
  - Management
  - Individual, group and organizational behavior
  - Upper-division written communication
  - Quantitative applications in business

Note- under all scenarios:

CPA review courses do not count for credit
No more than 6 semester hours may be in independent study and internships
Correspondence, online and CLEP courses count for credit if you receive credit for them at an accredited college
Two-year or community college courses from accredited community colleges count for credit

2. Take The Uniform CPA Exam

Once you have earned a bachelor’s degree and completed 120 of the 150 total semester hours of credit you may take the Uniform CPA Exam.

a. Go to CPA Examination Services (CPAES) to register online or download application forms.

b. Submit the required documentation based on your matriculation status:

If you have completed the educational requirements, you must:
- Ask your college(s) to submit original, official transcripts directly to CPAES
- Submit a completed, signed Colorado First-Time Application for the Uniform CPA Examination.
- Submit a completed, signed Affidavit of Eligibility and provide a copy of your identification (such as driver’s license or passport)
- Submit a completed, signed and notarized Attestation Form
- Submit the required application fees via certified check or money order payable to CPAES or credit card
If you are still enrolled in college, you must also:
- Ask your college(s) to complete a Certificate of Enrollment form and submit it directly to CPAES
Mail all of the above to:
- CPA Examination Services – CO, P.O. Box 198469, Nashville, TN 37219-8469

c. Await your Notice to Schedule (NTS) the Uniform CPA Exam, which will arrive from the National Association of State Boards of Accountancy (NASBA) by mail, fax or email (depending upon the method you selected when submitted your application)

d. Go to the Prometric website to schedule your examination at a Colorado testing site. They include:

Grand Junction
Colorado Springs
Longmont
Greenwood Village

e. Arrive at least an hour before examination time at your chosen Prometric testing center on examination day.

f. Access scores from CPAES online 48 hours after taking the exam

For detailed information on the Uniform CPA Exam, click here.

3. Gain The Necessary Experience

The Colorado State Board of Accountancy requires all certified public accountants to fulfill an experience requirement prior to licensure.

a. To make sure that you are familiar with professional ethics in accounting before beginning your experience, you must take and pass the American Institute of Certified Public Accountants (AICPA)’s Home Study Course on Professional Ethics. Instructions for ordering materials for this course are available here.

b. Fulfill the state’s experience requirement. Until July 1, 2015, you have two options available to you:

Option 1: Select the Education in Lieu of Experience option, if you have a bachelor’s degree with 150 semester hours, including 45 semester hours of accounting courses and 36 semester hours in business administration courses (see Scenario 4 under the Education section above).
Option 2: If your education does not meet the requirements for Option 1, you must complete one year (1800 hours) of supervised work experience. This experience must be:
- Full or part-time (internships qualify)
- Obtained not more than 5 years prior to applying for certification
- Verified by a licensed CPA from Colorado or another state
- Obtained in one of the following areas:
  - Public accounting (CPA or firm), including but not limited to the following skills:
    - Attestation
    - Accounting
    - Issuing reports on financial statements
    - Consulting
    - Management advisory
    - Preparing tax returns
    - Providing tax advice
  - Private industry, including but not limited to the following skills:
    - Internal auditing
    - Installing internal control systems
    - Preparing financial statements
    - Management advisory
    - Consulting
    - Preparing tax returns
    - Providing tax advice
  - Government (federal, state or local), including but not limited to the following skills:
    - Internal audit
    - External audit
    - Installing internal control systems
    - Preparing financial statements
    - Management advisory
    - Consulting
    - Preparing tax returns
    - Providing tax advice
  - Academia, involving:
    - Teaching accounting at an accredited college or university
    - Teaching at least two different upper-division accounting courses
    - 12 semester hours will equal one year of experience
    - Does not include teaching courses outside of accounting, such as:
      - Business law
      - Finance
      - Computer applications
      - Personnel management
      - Economics
      - Marketing
      - Statistics
    - You must submit a letter from each college in which you taught, signed by the dean or department head, stating the credit hours taught, name and description of courses taught

c. If you select Option 2, you must submit a Certificate of Experience from each of your employers.

You must fill out the first page of the form only, then forward it to your supervising CPA to complete and sign
The form must be returned to you by your supervisor in a sealed envelope for submission with your application

4. Get Your Colorado CPA License

You are now ready to file an application to receive your Colorado CPA Certificate. Let’s retrace the steps that led you here:

a. Checklist

Earn a bachelor’s degree with the necessary accounting concentration
Pass the Uniform CPA Exam.
Pass the AICPA Ethics Exam
Satisfy the Board’s experience requirement through extra semester hour credits and/or an advanced degree, or by working in accounting for at least one year (1800 hours)

b. Apply for your Colorado CPA Certificate. The online Application for Original License may be started at the NASBA website. Along with your completed application, you will need:

Signed Affidavit of Eligibility
Signed and sealed Certificates of Experience from all employers verifying your experience
Letter of good standing if your supervisor is a Chartered Accountant from a non-U.S. jurisdiction
Request sealed transcripts from colleges, which you will submit with your application
If you took the Uniform CPA Exam in another state, complete the Authorization for Interstate Exchange of Examination and Licensure Information and send it to the Board of the state where you took the exam. They will return it to you completed, in a sealed envelope, to be submitted with your application
AICPA Ethics Exam Certificate of Completion
Application fee via credit card, certified check or money order payable to NASBA Licensing Services

c. Mail all of the above to: NASBA Licensing Services – CO, P.O. Box 198469, Nashville, TN 37219-8469

d. Wait to receive your Colorado CPA Certificate by mail once your application has been approved (usually at least two weeks).

Interstate Reciprocal License

If you hold a CPA license from another state and want to practice as a CPA in Colorado, you may apply for a Reciprocal CPA Certificate if:

Your license is from a substantially equivalent state (currently only the Virgin Islands and Puerto Rico are not substantially equivalent to Colorado)
You have completed 80 hours of continuing professional education (CPE) in the past two years
You pass the AICPA Ethics Exam within the two years preceding application for reciprocity
You complete two hours of courses on Colorado Rules & Regulations within the two years preceding application for reciprocity

If you meet these qualifications, apply online as instructed above. You will be informed what documentation and fees to forward to NASBA.

International Reciprocal License

If you hold a CPA equivalent credential in a foreign jurisdiction and wish to practice in Colorado, you may qualify for reciprocity if you:

Hold an active license from one of the following international jurisdictions:
- Australia (Institute of Chartered Accountants in Australia)
- Canada (Canadian Institute of Chartered Accountants)
- Mexico
- Ireland (Institute of Chartered Accountants in Ireland)
- New Zealand (New Zealand Institute of Chartered Accountants)
- Bermuda (Bermuda Institute of Chartered Accountants)
Pass the International Qualification Exam (IQEX) or the Uniform CPA Exam
Have one year of work experience as required under Colorado rules
Complete the AICPA Ethics Exam within two years preceding application for reciprocity
Complete the Colorado Rules & Regulations exam within two years preceding application for reciprocity

If you hold a CPA license from another foreign jurisdiction and wish to practice in Colorado, you may qualify for reciprocity if you:

Pass the IQEX or Uniform CPA Exam
Have your education evaluated by an agency listed in Part I, Step 2 (if you were educated outside of the United States)
Meet Colorado’s experience requirements of one year
Complete the AICPA Ethics Exam
Complete the Colorado Rules & Regulations exam within two years preceding application for reciprocity

What you should do:

Complete the Application Packet for a Colorado CPA Certificate for International Applicant
Submit with the application:
- Signed Affidavit of Eligibility (included within application packet)
- Submit the Authorization for Interstate Exchange of Examination and Licensure Information (included in application packet) and send it to the Board of the jurisdiction where your license is held.
- Official verification of IQEX score
- U.S. Social Security Number Affidavit Form if you do not have a social security number
- Signed and sealed Certificates of Experience from all employers verifying your experience
- Signed and sealed Verifier’s Licensure Verification Form if your supervising CPA is from another jurisdiction
- Letter of good standing if your supervisor is a Chartered Accountant
- Attach your AICPA Ethics Exam Certificate of Completion
- Attach your Colorado Rules & Regulations Course Certificate of Completion
- Attach your application fee via credit card, certified check or money order payable to NASBA Licensing Services
- Mail all of the above to: NASBA Licensing Services – CO, P.O. Box 198469, Nashville, TN 37219-8469

5. Stay Current Through Continuing Professional Education in Colorado

The Colorado State Board of Accountancy requires all CPAs to complete 10 hours of continuing professional education (CPE) hours for every full quarter in which your CPA certificate is in active status.

No more than 20% of CPE hours (16 CPE hours) may be in Personal Development
4 CPE hours must be in Ethics (Of this, 2 CPE hours may be in Colorado Rules & Regulations)

a. Register for CPE programs in approved subjects, including (but not limited to):

Accounting
Accounting practice
Governmental accounting
Auditing
Governmental auditing
Business law
Behavioral ethics
Business management and organization
Computer science
Communications
Finance
Economics
Marketing
Management advisory services
Personal development
Mathematics
Production
Human resources/personnel
Regulatory ethics
Specialized applications and knowledge
Social environment of business
Taxes
Statistics

b. Find approved CPE programs that meet the AICPA/NASBA Joint Statement on Standards for CPE Programs through:

AICPA
NASBA’ s National Registry of CPE Sponsors
NASBA’s Quality Assurance Service
Colorado Society of CPAs
Positive Systems, Inc.
Professional Education Services, LP
Professionals Publishing Group
University of Denver Graduate Tax Program
Western CPE
Colorado colleges and universities

c. Enroll in approved CPE formats, such as:

Independent self-study
Seminar
Lecture
Publishing or authoring articles or books
Lecturing, instructing or moderating
Professional development/educational programs of state, national and local accounting organizations
Online and correspondence classes
University and college credit and non-credit courses
Organized, formal educational programs held within an accounting firm
Technical sessions of state, local and national accounting organization meetings
Formal programs offered by other accounting, professional or industrial organizations, as long as they enhance an accountant’s professional competency

d. Maintain records of your CPE for at least five years, including:

Program sponsor’s name and contact information
Title of program
Field of study of program
Dates of attendance/completion
Location of program
Delivery method
Number of CPE hours claimed
Certificate of completion

Now that you’re a CPA in Colorado

Through hard work, studying and diligence, you have become a licensed CPA in Colorado! Now is the time to think about joining professional organizations, including the American Institute of CPAs (AICPA). This organization provides members with guidance, advice, development and networking opportunities, continuing professional education programs, and more. Also, contact your local Colorado Society of Certified Public Accountants to inquire about becoming a member.

If you have a particular interest in a specialized area of accountancy, pursue it! In Colorado, possibilities for specialization include nonprofit accounting, finance, auditing, governmental accounting and international accounting.