If you’re wondering how to become a CPA in Nebraska, we’ve organized the Nebraska CPA exam requirements below.
1. Meet the Eligibility and Education Requirements to Sit for the CPA Exam
To meet the Nebraska requirements to sit for the CPA exam, the Nebraska CPA education requirements must be attained first. For Nebraska, applicants will have to either be a resident of Nebraska, regularly employed in Nebraska or have a place of business in Nebraska. Applicants must also complete at least 150 semester of postsecondary academic credit and earn a baccalaureate or higher degree that includes 30 semester hours in accounting above the introductory level and 30 semester hours in general business subjects.
2. Apply for the Uniform CPA Exam
When you’ve met the education requirements, register with NASBA to apply for the CPA exam. Have all your official transcripts sent directly from your college or university to CPA Examination Services – NE, PO Box 198469, Nashville, TN 37219. If your school offers official electronic transcripts, they may be emailed to firstname.lastname@example.org.
3. Pay for the Uniform CPA Exam
Pay all fees at the time of application to NASBA. First-time applicants are required to pay both an application fee of $185 and an examination fee per exam of $238.15. Re-examination applicants (re-takes for failed sections) will pay a registration fee of $85 and the same examination fee of $238.15 for each exam they wish to re-take.
Click here to see a breakdown of the Nebraska CPA exam costs.
4. Notice to Schedule (NTS)
Wait for your application to be approved and once accepted, NASBA will email or mail you the Notice to Schedule (NTS). Upon receiving the NTS, schedule your exam online through Prometric. You are able to apply for one or more sections of the examination at a time. The NTS is valid for one testing event or six months and must be presented for entry at the testing center.
5. Pass the Uniform CPA Exam
There are four sections in the exam: Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR) and Regulation (REG). You must pass each section with a score of 75 or higher, and after passing your first section, you must pass the remaining three exams within 18 months.
6. CPA License Requirements
After passing all four exams, applicants may only proceed with the application if they have completed the licensing requirements. Nebraska is a two-tiered state which means that a certificate is issued first upon showing passing the CPA exam and then is issued a Permit to Practice upon showing completion of the experience requirement.
7. CPA Certificate and Ethics Requirements
To be eligible to apply for a certificate, applicants will have to submit the application form, complete the Nebraska state ethics exam and AICPA’s ethics self-study examination as part of Nebraska CPA ethics exam requirements. Applicants must earn a minimum score of 90% in AICPA to qualify for a certification. Complete the application form and submit all documents that show you have completed the certificate requirements to the Nebraska board.
8. Gain Necessary Experience for Permit to Practice
To meet the Nebraska CPA experience requirements, applicants can choose from three types of experience that can be submitted for a Permit to Practice. Whichever type of experience the applicant chooses, it must be supervised by an active CPA the whole time. Depending on the chosen experience, it requires at least 4,000 hours earned in a minimum of 2 years. While it is acceptable to combine the different types of experience, the requirements will have to increase to 3 years.
9. Apply for a Permit to Practice
To apply for the permit, applicants must present their certificate as this proves they met the educational requirements, the successful completion of the Uniform CPA Examination and an examination in professional ethics as approved by the board.
10. CPA License Renewal
For Nebraska CPAs, they must renew their license every two years and the cycle occurs from January 1 to December 31. To be eligible for renewal, licensee holders will have to accomplish Continuing Professional Education (CPE). Renewal can be done online via the board’s website.
11. Continuing Professional Education (CPE)
In order to renew the permit to practice, CPAs must accomplish 80 hours of CPE including 4 hours of ethics within the two calendar years prior to renewal. CPE must be earned by December 31 of the year prior to renewal and must be reported by January 31 of the renewal year. See guidelines from the Nebraska board here.
Estimated Cost: 952.60 USD