1. Meet the Education Requirements to Sit for the CPA Exam
To meet the Oklahoma requirements to sit for the CPA exam, the Oklahoma CPA education requirements must be attained first. For Oklahoma applicants, you must have a bachelor’s degree or higher and earned 150 semester hours in the various subjects, including 76 semester hours consisting of 30 semester hours of accounting courses above the introductory level and nine semester hours in upper business courses such as Business Law, Business Communication, Business Management, Computer Science, Economics, Insurance, Finance, Financial Information Systems, Marketing, Risk Management, and Statistics.
2. Apply for the CPA Exam
To apply for the CPA examination online, you need to create an account through Oklahoma Accountancy Board (AOB) website, then submit the completed qualification application along with a 2” x 2” passport-sized photo, a notarized Affidavit Verifying Lawful Presence in the United States, transcripts, and a $75 application fee.
3. Sign Up for the CPA Exam
Once your application is approved, the National Association of State Boards of Accountancy (NASBA) will send you a payment coupon and you must pay the exam fee. Upon payment completion, you will receive a Notice to Schedule (NTS), then you may visit the Prometric website to schedule your exam(s).
4. Pass the CPA Exam
After you pass your first CPA exam section, you’ll have 18 months to pass the three remaining sections with a score of 75 or higher on each section.
5. Meet the Experience Requirements
To meet the Oklahoma CPA experience requirements, you need to complete at least 1800 hours of work experience in accounting. It can be Academia, Government, Industry, or Public Accounting.
6. Passing the Ethics Examination
The candidate must also meet the Oklahoma CPA ethics exam requirements by passing the Professional Ethics: The AICPA’s Comprehensive Course For Licensure.
7. Apply for your Oklahoma CPA License and Permit to Practice
Oklahoma is a two-tier state. This means that you must have a CPA certificate and permit to practice public accounting legally. You can only apply and register for the permit to practice upon submission of the following: a copy of the Certificate of Completion of the AICPA Ethics Examination with your score, CPE Certificate of Completion, and a $125 fee payable to the Oklahoma Accountancy Board.
8. Renew your Oklahoma CPA License Every Year
To maintain your Oklahoma CPA license, you will need to renew your license every year by completing the required amount of continuing professional education (CPE) hours. Oklahoma requires 120 hours of CPE within a three-year rolling period, including Ethics, and no less than 20 hours of continuing professional education shall be attended every year. Alongside the continuing professional education hours, an annual Ethics CPE is also required. You must earn four hours of professional ethics in each three-year rolling period. Only the Professional Ethics for Certified Public Accountants, 24th Edition (Rev. August 2008) by the California CPA Education Foundation may substitute for the AICPA Comprehensive Ethics Exam in Oklahoma.
Estimated Cost: 905 USD