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TITLE 22EXAMINING BOARDS
PART 22TEXAS STATE BOARD OF PUBLIC ACCOUNTANCY
CHAPTER 523CONTINUING PROFESSIONAL EDUCATION
SUBCHAPTER BCONTINUING PROFESSIONAL EDUCATION RULES FOR INDIVIDUALS
RULE §523.121CPE for Non-CPA Owners

(a) This section applies only to non-CPA owners who are residents of this state.

(b) Each non-CPA owner of a licensed CPA firm shall complete 120 CPE credits in each three-year period with a minimum of 20 CPE credits in each one-year period. These CPE credits shall be reported on the required board forms. The failure of any non-CPA owner of a licensed CPA firm to complete and report such CPE shall be grounds for revoking the firm's license on the grounds that the owner is not qualified.

(c) The board will accept CPE that is offered or accepted by organizations or regulatory bodies issuing professional designation used by the non-CPA owner. All other CPE must be provided by board-accepted CPE sponsors or be otherwise approved by the board, provided however, that the board reserves the right to reject any claimed CPE.

(d) Each non-CPA owner, prior to, or within 60 days of, acquiring any ownership interest in a licensed CPA firm, shall complete an exam on the board's Rules of Professional Conduct and complete a board-approved ethics course in accordance with §523.130 of this chapter (relating to Ethics Course Requirements).

(e) Each non-CPA owner must take a four CPE credit ethics course that has been approved by the board pursuant to §523.131 of this chapter (relating to Board Approval of Ethics Course Content) every two years. The non-CPA owner shall report completion of the course on the required board forms at least every second year.

(f) The board has the right to verify any CPE credits reported. A firm shall provide the board all information required for this verification in accordance with §501.93 of this title (relating to Responses), and the firm shall be responsible for its non-CPA owner's cooperation with the verification.


Source Note: The provisions of this §523.121 adopted to be effective April 7, 2004, 29 TexReg 3477; amended to be effective February 17, 2008, 33 TexReg 1112; amended to be effective August 11, 2010, 35 TexReg 6827; amended to be effective December 8, 2010, 35 TexReg 10695; amended to be effective February 6, 2013, 38 TexReg 504; amended to be effective March 29, 2017, 42 TexReg 1445

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