Kentucky CPA Exam

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The state assigns the Kentucky Board of Accountancy (KBOA) to oversee the licensing process and advance the profession. It follows the one-tier licensing process. Thereby, applicants directly receive the CPA license after satisfying all the prescribed conditions without having to apply for a CPA certificate. 

Kentucky is a prosperous state with a growing economy. Its advanced infrastructure, dedicated workforce, and geographical location foster an environment that facilitates business development. As a result, it has a prolific legacy in fields like AgriTech, Health Care, Automotive, Aerospace, and Manufacturing.

Thus, finance professionals can look forward to serving diverse industries in well-paying jobs and contributing to Kentucky’s burgeoning economy. With a promising job market, pleasant climate, open spaces, and low cost of living, Kentucky is a great place to live and pursue a career. 

Here is an outline of the Kentucky CPA exam and license requirements.

Contents

Kentucky CPA Exam Requirements

  • Eligibility RequirementsFeesRequired Documents

Kentucky CPA License Requirements

  • Education RequirementsExam RequirementsExperience Requirements

Continuing Professional Education (CPE)

Kentucky Exam Information & Resources

Kentucky CPA Exam Requirements

CPA ExamCPA ExamA Certified Public Accountant (CPA) is a US state board-issued license to practice the accounting professionread more is a computer-based series of four sections conducted to review a candidate’s prowess in comprehending and applying basic accounting and business concepts. Each section of CPA examSection Of CPA ExamThe 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 is four-hour long with a passing score of 75 points on a scale of 0-99. 

  • Financial Accounting & Reporting (FAR ExamFAR ExamThe Financial Accounting and Reporting (FAR) CPA Exam section tests a candidate’s competency in understanding and applying financial accounting and reporting standards.read more)Auditing & Attestation (AUD ExamAUD ExamAuditing and Attestation (AUD) is one of the four Uniform Certified Public Accountant (CPA) Exam sections to be passed for CPA licensure. With a complex exam format, tricky questions, and an exhaustive list of topics to study, you will benefit from some quick tips on the art of preparing for the AUD CPA exam section.read more)Business Environment & Concepts (BEC ExamBEC ExamThe BEC CPA Exam (Business Environment and Concepts) exam section evaluates your understanding of the general business environment and your duties and responsibilities as a CPA towards it. It assesses your ability to recognize and scrutinize situations related to Financial reporting, Financial statement audit and attestation and Tax preparation
  • read more)Regulation (REG ExamREG ExamREG CPA Exam (Regulation) exam section tests a candidate’s competency in applying the concepts of federal taxation, business law, and ethics. It is a four-hour exam with 15 minutes break.
  • read more)

The American Institute of Certified Public Accountants (AICPA) composes and evaluates the exam in co-operation with the National Association of State Boards of Accountancy (NASBA) and Prometric. Note that the Bluegrass State does not undertake the international administration of the CPA Exam. 

Candidates must successfully conclude the test within 18 months following the date they passed the first section. 

Eligibility Requirements

General Requirements

  • At least 18 years of ageGood moral characterSocial Security Number

Educational Requirements

A baccalaureate or master’s degree from a board-recognized institution with an accounting major or equivalent, including:

  • 27 semester hours in accounting courses with subjects like:BusinessManagementFinanceMarketingEconomicsComputersStatisticsAccounting12 semester hours in business courses with subjects like:AuditingTaxAccounting StandardsAccounting PrinciplesAccounting Processes

  • Business

  • Management

  • Finance

  • Marketing

  • Economics

  • Computers

  • Statistics

  • Accounting

  • Auditing

  • Tax

  • Accounting Standards

  • Accounting Principles

  • Accounting Processes

Candidates must apply through the Kentucky state board. For more information, please check the KBOA’s official website. 

Fees

Initial applicants

Re-examination applicants

CPA aspirants must pay the application fees to the Kentucky Board of Accountancy. At the same time, the examination fees are payable to NASBA via the NASBA payment coupon within the 90-day validity period. 

Once the Notice-to-Schedule (NTS) is issued, CPA aspirants must schedule the section(s) via Prometric within the next six months.  

Required Documents

Here is the listing of all the necessary documents. 

Note that the college transcripts must be originals and not forwards or copies. Also, e-transcripts are acceptable only if emailed directly from the institution. 

Kentucky CPA License Requirements

Check out the following Kentucky CPA licensure prerequisites.

Candidates must be one of the following:

  • U.S. citizenshipForeign citizenship with legal U.S. residencyEmployed in accounting or attest position in the U.S.-based office of a foreign post-secondary institute, company, or public accounting firm.

Submit the licensure application to the Kentucky state board within five years of successful CPA Exam completion. Ensure to attach the associated documents and fees (money order or check for $100). Refer to the KBOA website for the complete procedure. 

Education Requirements

Candidates must obtain 150 semester hours of education before applying for the CPA License. It encompasses: 

  • 27 semester hours of accounting12 semester hours of business courses

For more details, kindly visit the Eligibility Criteria section. 

Exam Requirements

CPA aspirants must ensure successful CPA Exam completion within the rolling 18-month period. In addition, it requires them to score a minimum of 75 points in each of the four exam sections. Kindly check the Kentucky CPA Exam Requirements section for detailed information. 

Experience Requirements

Applicants must complete one year (2000 hours) of work experience verified by an active CPA in an accounting or auditing position. Ensure to gain the preferred employment within five years (before or after) of passing the CPA Exam. 

The acceptable hours exclude any holiday time or leave. Applicants or the verifying CPA may submit the Certificate of Experience for multiple employment locations. Note that the verifying CPA need not be their supervisor or colleague. 

Continuing Professional Education (CPE)

Kentucky CPA licensure requires renewal every two years with the required CPE credit hours. Note that it is not mandatory to earn the required hours through state board-registered or NASBA’s National Registry of CPE Sponsors. 

Here lies all the related information. 

Almost every business, government agency, and individual rely upon CPAs to sustain and augment their financial status. Needlessly, their job prospects and market demand are pretty high compared to the non-licensed accountants. 

CPA aspirants must ensure to start their licensure prep as soon as possible. The Kentucky licensure process requires a detailed understanding of license requirements, including CPA Exam, education, and experience. Consultation with academic counselors and keeping a check on the KBOA website may help in the process. 

Moreover, applicants can also get the KBOA membership. It will offer them several networking and development opportunities to bolster their portfolio. You may learn more about CPE Credits for CPACPE Credits For CPAAs a Certified Public Accountant (CPA), you need to acquire Continuing Professional Education or CPE credits for sustaining your license. This ensures that you are actively involved in improving your know-how of the profession by engaging in learning activities.read more.

Kentucky Exam Information & Resources

  1. Kentucky Board of Accountancy (https://cpa.ky.gov/Pages/default.aspx)

332 West Broadway Suite 310,

Louisville KY 40202

Ph: (502) 595-3037

Fax: (502) 595-4500

Email address: [email protected]

  1. Kentucky Society of CPAs (https://www.kycpa.org/)

1735 Alliant Ave.Louisville, KY 40299

Ph: (502) 266-5272

Toll Free: (800) 292-1754 (KY)

Fax: (502) 261-9512

[email protected]

  1. AICPA (https://www.aicpa.org/)

220 Leigh Farm Road

Durham, NC 27707-8110

Ph: +1.919.402.4500Fax: +1.919.402.4505

  1. NASBA (https://nasba.org/)

150 Fourth Ave. North

Suite 700

Nashville, TN 37219-2417

Tel: 615-880-4200

Fax: 615-880-4290

A Guide to Kentucky CPA Exam & License Requirements. Here we discuss the Kentucky license prerequisites like education, fees, eligibility, experience, etc. You may also have a look at the below articles to compare CPA with other examinations –

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