Iowa CPA Exam
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The U.S. jurisdiction supports a one-tier licensing procedure. Therefore, candidates don’t receive a certificate upon successful CPA exam completionCPA Exam CompletionYou must complete all the CPA exam sections within 18 months for successful licensure. An average CPA candidate requires 9-14 months to pass all the sections of the CPA Examination. However, this period may vary as per your familiarity with the material, acquired skills, and study time devoted.read more. Instead, they receive the CPA license only after meeting all the pre-requisites.
Moreover, the Iowa Accountancy Examining Board (IAEB) is in charge of granting the license. The state also undertakes international administration of the CPA ExamCPA ExamA Certified Public Accountant (CPA) is a US state board-issued license to practice the accounting professionread more. Here is everything you must know about the Iowa CPA exam and license requirements.
Contents
Iowa CPA Exam Requirements
- Eligibility RequirementsFeesRequired Documents
Iowa CPA License Requirements
- Education RequirementsExam RequirementsExperience RequirementsEthics Requirements
Continuing Professional Education (CPE)
Iowa Exam Information & Resources
Iowa CPA Exam Requirements
To earn the CPA LicenseCPA LicenseA Certified Public Accountant (CPA) is a US State Board-issued license that assures exceptional service standards in the accounting profession. The license can be awarded by any of the 55 US jurisdictions on passing the Uniform CPA Exam and fulfilling the state-specific education and experience requirements.read more in Iowa, you must pass the 16-hour long computerized examination. Passing the test ensures that you have the required amount of ability and technical know-how for initial licensure.
Candidates have the rolling 18-month period to complete the exam. It starts from the date you took up the first passed section. You are required to pass all four exam sections with a minimum of 75 points in each, on a scale of 0-99.
The American Institute of Certified Public Accountants (AICPA), the National Association of State Boards of Accountancy (NASBA), and Prometric jointly organize and conduct the test.
Eligibility Requirements
Iowa CPA exam applicants must be of good moral reputation and character. Also, they must fulfill one of the following degree requirements.
Bachelor’s degree with a major in accounting from a program approved by a board-recognized accrediting agency Bachelor’s degree in business from a program approved by a board-recognized accrediting agency with, Minimum 24 semester hours in accounting with at least one course each in financial accounting, auditing, taxation, and management accounting (except elementary or principles level courses) Bachelor’s degree in business or accounting from a program approved by a board-recognized accrediting agency with, Minimum 24 semester hours in accounting with one or more courses each in financial accounting, auditing, taxation, and management accounting (except elementary or principles level courses) At least a bachelor’s degree from a program approved by a board-recognized accrediting agency with,Minimum 24 semester hours in accounting with one or more courses each in financial accounting, auditing, taxation, and management accounting (except elementary or principles level courses)Minimum 24 semester hours in business-related courses like finance, management, marketing, economics, and business law.
Minimum 24 semester hours in accounting with at least one course each in financial accounting, auditing, taxation, and management accounting (except elementary or principles level courses)
Minimum 24 semester hours in accounting with one or more courses each in financial accounting, auditing, taxation, and management accounting (except elementary or principles level courses)
Minimum 24 semester hours in accounting with one or more courses each in financial accounting, auditing, taxation, and management accounting (except elementary or principles level courses)Minimum 24 semester hours in business-related courses like finance, management, marketing, economics, and business law.
Please note that courses in life experiences or internships are unacceptable. Applicants currently enrolled in college must complete the education within 120 days immediately after the testing date of your first exam section.
Apply for the CPA exam through CPA Examination Services (CPAES). To know the complete application procedure, kindly visit CPA Central portal.
Iowa also allows the applicants to use NASBA Advisory Evaluation to recognize any academic inadequacy in the documents before submitting the initial application.
Fees
Both initial and re-exam applicants must submit the fees to CPAES.
You can’t withdraw from the CPA exam or request an NTS extension. However, Iowa allows you to request a partial exam fee refund or an NTS extension under critical conditions. Furthermore, ensure to attempt the applied CPA exam sectionsCPA Exam SectionsThe Uniform Certified Public Accountant (CPA) Exam comprises four sections, namely, Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG). The unique content, structure, format, and scoring of the CPA exam earn it the title of one of the most challenging professional exams. read more within six months of the NTS issuance date.
Required Documents
Submit the below-mentioned documents to CPAES:
Know that CPAES does not accept photocopied transcripts.
Iowa CPA License Requirements
Iowa CPA aspirants must follow the following steps for successful licensure:
Iowa does not require you to fulfill the minimum age, citizenship, or residency requirements. Ensure to complete and submit your initial licensure application with the required fees and transcripts to IAEB. Please go to the official portal for the complete process.
Education Requirements
Candidates must complete 150 semester hours. It includes a bachelor’s degree with accounting courses (except introductory level accounting or principles of accounting). Further details are specified in the Eligibility Requirements section.
Exam Requirements
The Uniform CPA Exam includes four sections (each being four-hour long). Applicants must score 75 points in each within the 18-month rolling period. Refer to the Iowa CPA Exam Requirements section for more details.
Experience Requirements
You must obtain one year (full-time/part-time) of relevant work experience under the supervision of a licensed CPA. Ensure to complete at least 2000 hours within a period of more than one year but less than three years. Candidates may gain the required experience in more than one employment situation, including internships and co-ops.
Applicants with employment in academia must teach at least 24 semester hours of accounting courses in higher education. Moreover, to be able to perform attestation services, you must obtain two years of qualifying experience. It includes one year each of general accounting and attestation.
Ethics Requirements
Iowa CPA licensure applicants must complete and pass the self-study ethics exam. The passing score is at least 90%. Now, let’s check out all the details.
Continuing Professional Education (CPE)
Iowa CPA titleholders must earn 120 CPE credit hours annually. In addition, they are required to mention which of the two CPE reporting dates they will use for license renewal. Please note that you may select a different deadline for each renewal cycle.
Take a look at all the details.
After you fulfill all the steps mentioned above, you can call yourself a CPA. So, start your journey to the Iowa CPA License right away! Attaining the credential will let you enjoy some exclusive accounting rights. Moreover, check with the Iowa State Board for significant updates on the CPA exam and license requirements.
Iowa Exam Information & Resources
- Iowa Society of CPAs (https://www.iacpa.org/)
1415 28th Street, Suite 450, West Des Moines, IA 50266-1419
Phone: 515-223-8161
Toll-free in Iowa: 800-659-6375
Fax: 515-223-7347
E-mail: [email protected]
- NASBA (https://nasba.org/)
150 Fourth Ave. North
Suite 700
Nashville, TN 37219-2417
Tel: 615-880-4200
Fax: 615-880-4290
- Iowa Professional Licensing Bureau (https://plb.iowa.gov/)
200 East Grand Ave, Ste 350
Des Moines, IA 50309
Ph: (515) 725-9022Fax: (515) 725-9032
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This has been a Guide to Iowa CPA Exam & License Requirements. Here we discuss the CPA exam, license, and CPE requirements in the state of Iowa. You may consider the following CPA Review providers to prepare for your exams –
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