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Idaho CPA Ethics Exam Requirements
To meet the Idaho CPA ethics exam requirements and become a CPA, candidates must complete the Professional Ethics: The American Institute of Certified Public Accountants’ Comprehensive Course (For Licensure) from AICPA. This is a self-study ethics course and candidates must obtain a passing grade of no less than 90% on the examination after the course.
This article will help you to become a CPA in Idaho and is a requirement for you to take the Idaho CPA exam.
How to Save Yourself MONTHS of Time and Frustration
Keep in mind that the CPA exam is the one part of getting your CPA license that you can control how long it takes. The education and experience requirements take as long as they take, but the CPA exams can take you as little as 6 months, or as long as multiple years… depending on how effective your study process is from the beginning.
Learn how to study strategically so you can save yourself tons of time and retake fees with this free training…
Summary of Idaho CPA Requirements
Credit hours to sit for the CPA exam | 150 |
Bachelor’s required to sit for the CPA exam | Yes |
Credit hours in accounting subjects to sit for the CPA exam | 20 |
Credit hours in business subjects to sit for the CPA exam | 10 |
Credit hours in accounting courses for CPA License | 24 |
Credit hours in business courses for CPA License | 24 |
Total credit hours to receive a CPA license | 150 |
Work experience required to receive a CPA license | 1 Year |
Ethics exam required to get a CPA license | Yes |
Idaho resident (have been resident or intend to become resident) | Yes |
Idaho Education Requirements
The very first requirement to be eligible to take the CPA exam is to meet the Idaho CPA education requirements. To obtain the distinction of this degree, individuals must pass the difficult CPA exam. Candidates must meet their Idaho CPA Exam prerequisites and qualifications before they may sit for the exam.
Each state has its own set of CPA exam eligibility standards, which should not be confused with licensure requirements. The Idaho CPA exam requirements will be discussed more below. According to the Idaho Society of Certified Public Accountants, you must have a baccalaureate or bachelor’s degree which includes:
- 30 semester hours or more in business administration courses from a college or university approved by the Board in:
- Business Communications
- Marketing
- Management
- Business Law
- Statistics
- Economics
- At least 20 semester hours must be spent on accounting subjects:
- Financial Accounting
- Auditing
- Taxation
- Management Accounting
To confirm that you are on the right course for full licensure in Idaho, make sure your institution or university is fully accredited and approved by any one of these organizations:
- The Northwest Association of Schools and Colleges (NASC) or another regional accrediting agency with similar standards.
- The Idaho State Department of Education is in charge of education in the state (applicable if your institution is an independent Idaho senior college certified for teacher training).
- The Association to Advance Collegiate Schools of Business (AACSB) or any other accrediting body with comparable standards (applicable to schools of accounting or business housed in accredited universities).
If you are studying in Idaho, your advisor should be familiar with the board’s standards, but double-check if you plan to take accounting classes through an online or community college.
If you are applying as an Idaho candidate but have studied outside the United States, your foreign academic credentials must be reviewed by a member of the National Association of Credential Evaluation Services. The assessment must include a course-by-course summary of the business, accounting, and general education courses. This evaluation should be emailed to the following address:
- Idaho State Board of Accountancy
Attn: Sandy Bly
PO Box 83720
Boise ID 83720-0002
As part of the CPA exam application procedure, you must first complete and submit the following needed documents:
Good Moral
Confirm to see if you have a good moral character. Fill out the form Non-Criminal Justice Criminal History Records Check Request.
Transcripts
You will be required to provide official transcripts from all institutions you attend, so each must be completely accredited or you may be required to repeat education in a board-recognized program. Also, please keep in mind that the board will want original, sealed transcripts. You can have these delivered to them immediately so that they can be added to your file. You can also have them mailed to your home address, but do not break the seal on the envelope or they will be invalid.
CPA Licensure Educational Requirements
An applicant is deemed to have met the education requirement if, as part of the one hundred fifty(150) semester hours of education, the applicant has met any one (1) of the following conditions:
- Earned a graduate degree with a concentration in accounting from a program that is accredited in accounting by an accrediting agency approved by the Board;
- Earned a graduate degree from a program that is accredited in business by an accrediting agency approved by the Board. Completion of at least twenty-four (24) semester hours in accounting at the undergraduate or fifteen (15) semester hours at the graduate level, or an equivalent combination thereof, including coverage of, but not necessarily separate courses in, the subjects of financial accounting, auditing, taxation, and management accounting;
- Earned a baccalaureate degree at an institution approved by the Board or from a program that is accredited in business by an accrediting agency approved by the Board. Completion of at least twenty-four (24)semester hours in business (other than accounting courses) and twenty-four (24) semester hours in accounting at the undergraduate or graduate level including coverage of, but not necessarily separate courses in, the subjects of financial accounting, auditing, taxation, and management accounting.
Pass the Uniform CPA Examination
The “Uniform CPA Examination”, which is a 4-part exam, is developed by the AICPA – the American Institute of Certified Public Accountants and administered by NASBA – the National Association of State Boards of Accountancy.
The Three Core Exam Sections
Auditing and Attestation (AUD)
The Auditing and Attestation (AUD) section of the Uniform CPA Examination (the Exam) tests the essential knowledge and skills a newly licensed CPA must demonstrate when performing audit engagements, attestation engagements or accounting and review service engagements.
Newly licensed CPAs are required to:
- Demonstrate knowledge and skills related to professional responsibilities, including ethics, independence, and professional skepticism. Professional skepticism reflects an iterative process that includes a questioning mind and a critical assessment of audit evidence.
- Understand the entity including its operations, information systems (including the use of third-party systems), and its underlying business processes, risks, and related internal controls.
- Understand the flow of transactions and underlying data through a business process and its related information systems.
Financial Accounting and Reporting (FAR)
The Financial Accounting and Reporting (FAR) section of the Uniform CPA Examination (the Exam) assesses the knowledge and skills that a newly licensed CPA must demonstrate in the financial accounting and reporting frameworks used by business entities (public and nonpublic), not-for-profit entities and state and local government entities.
The financial accounting and reporting frameworks that are eligible for assessment within the FAR section of the Exam include the standards and regulations issued by the:
- Financial Accounting Standards Board (FASB)
- U.S. Securities and Exchange Commission (U.S. SEC)
- American Institute of Certified Public Accountants (AICPA)
- Governmental Accounting Standards Board (GASB)
Regulation (REG)
The Regulation (REG) section of the Uniform CPA Examination (the Exam) tests the knowledge and skills that a newly licensed CPA must demonstrate with respect to:
- U.S. federal taxation
- U.S. ethics and professional responsibilities related to tax practice
- U.S. business law
The Three Disciplines
The three new disciplines in the 2024 CPA Exam, part of the CPA Evolution initiative, are designed to allow candidates to specialize in areas that align with their career interests and the demands of the modern business environment. Here’s a more detailed look at each discipline:
Business Analysis and Reporting (BAR)
Objective: This discipline focuses on higher-order skills needed in financial statement analysis, business reporting, and the strategic role of the CPA in business decision-making.
Key Topics:
- Financial Statement Analysis: Understanding and interpreting financial statements to assess an entity’s financial health and performance.
- Performance Management: Developing and using key performance indicators (KPIs) to measure, manage, and improve business performance.
- Data Analytics and Visualization: Utilizing data analytics tools to analyze business data, and effectively presenting data to support business decisions.
- Strategic Planning and Risk Management: Involvement in the strategic planning process and identifying, assessing, and managing business risks.
- Business Processes and Controls: Understanding and evaluating business processes and internal controls to improve efficiency and effectiveness.
Information Systems and Controls (ISC)
Objective: This discipline is tailored for those interested in information technology, data security, and controls. It addresses the increasing role of technology in accounting and auditing.
Key Topics:
- IT Governance and Risk: Understanding the frameworks for managing and governing enterprise IT; identifying and managing IT-related risks.
- Information Security and Cybersecurity: Knowledge of cybersecurity principles, data protection laws, and the steps necessary to protect information assets.
- System and Organization Controls (SOC) Reporting: Understanding the requirements for SOC reports and the role of CPAs in assessing controls at a service organization.
- Data Management and Privacy: Managing data effectively and understanding privacy regulations.
- Business Continuity and Disaster Recovery: Planning and strategies to ensure business operations can continue and recover from disruptive events.
Tax Compliance and Planning (TCP)
Objective: This discipline focuses on tax compliance, tax planning, and tax strategy, suitable for those who aim to specialize in taxation.
Key Topics:
- Individual Tax Planning and Compliance: Understanding tax laws affecting individual taxpayers, including income, deductions, credits, and tax planning strategies.
- Business Tax Planning and Compliance: Knowledge of tax considerations for different business entities, including corporations, partnerships, and S-corporations.
- Estate, Gift, and Trust Taxation: Understanding the tax implications and planning strategies for estates, gifts, and trusts.
- International Taxation: Knowledge of taxation issues related to cross-border transactions and multinational enterprises.
- State and Local Taxation (SALT): Understanding the complexities of state and local tax laws and their impact on business and individual tax planning.
Tips for Passing the CPA Exam
The CPA exam covers so many topics that you will need to study specifically for each section, usually for 6-8 weeks per section. Even a master’s degree in accounting doesn’t adequately prepare you to just walk in and pass the 4 CPA exams.
You will need a full review course such as Becker, Wiley CPA, Gleim, Roger, etc, and you will need to dedicate several hours a day over the course of months to even have a chance at getting passing scores.
How to Save Yourself MONTHS of Time and Frustration
Keep in mind that the CPA exam is the one part of getting your CPA license that you can control how long it takes. The education and experience requirements take as long as they take, but the CPA exams can take you as little as 6 months, or as long as multiple years… depending on how effective your study process is from the beginning.
Learn how to study strategically so you can save yourself tons of time and retake fees with this free training…
Idaho CPA Exam Cost Breakdown
The Idaho CPA exam cost consists of five main fees: an initial exam application fee of $100, a re-exam application fee of $50, the $226.15 per CPA exam section totaling $905 for all four sections, the initial license application fee that costs $120 and finally the annual license renewal fee of $120.
Initial Exam Application Fee | $100.00 |
Re-exam Application Fee | $50.00 |
Auditing and Attestation (AUD) | $226.15 |
Financial Accounting and Reporting (FAR) | $226.15 |
Regulation (REG) | $226.15 |
Disciplines (ISC, TCP, or BAR) | $226.15 |
Total for all 4 CPA Exam Sections | $905.00 |
Initial CPA License Application Fee | $120.00 |
CPA License Renewal Fee | $120.00 |
Late Renewal Fee | $100.00 |
Idaho CPA Experience Requirements
To meet the Idaho CPA experience requirements, candidates are required to complete one year of work experience in service or advise including the use of accounting, auditing/attestation, management advisory, financial advisory, tax advice, or consulting. A year of work experience is defined as at least 2000 hours worked over a minimum of 12 months and a maximum of 36 months. Experience must be earned by employment in government, industry, university, or public practice and must have been gained within the last ten years prior to applying for licensing.
Idaho CPA Licensure Application & Requirements
Fill out the License Application. Submit the application, along with the $120 non-refundable cost, to the ISBA address listed on the application. If you haven’t already, you can include the Verification of Employment and Experience form with this application.
The Idaho State Board of Accountancy will contact you once they have received your request. If any documents are missing from your application, ISBA will tell you. If your application is complete, ISBA will offer you a license. Throughout the year, the ISBA issues licenses on a continuous basis.
This is a list of things you should have done to be eligible for the CPA licensure by now:
- Submit your experience on Idaho State Board-approved papers, as well as the “Application for License.”
- Complete an ethics course with distinction.
- Complete the 150-hour education requirement.
- Experience: One year of full-time or part-time experience, either full-time or part-time, that spans no less than 12 months and no more than 36 months and comprises no fewer than 2,000 hours is necessary. Experience must be earned during the ten years before the application for licensing. Experience must be confirmed by a licensee who had a current and active license at the time the experience was earned.
- An application is considered to have met the education requirement if, as part of the one hundred fifty(150) semester hours of education, the applicant meets any one of the following conditions:
- Earned a graduate degree in accounting with a concentration from a program recognized in accounting by an accrediting agency approved by the Board;
- Earned a graduate degree from a business program certified by an accrediting agency approved by the Board. Completion of at least twenty-four (24) semester hours of accounting at the undergraduate level or fifteen (15) semester hours of accounting at the graduate level, or an equivalent combination thereof, including coverage of, but not necessarily separate courses in, financial accounting, auditing, taxation, and management accounting.
- A bachelor’s degree from an institution approved by the Board or from a business program certified by an accrediting agency approved by the Board is required. Completion of at least 24 semester hours in business (other than accounting courses) and 24 semester hours in accounting at the undergraduate or graduate level, including coverage of, but not necessarily distinct courses in, financial accounting, auditing, taxation, and management accounting.
How to Save Yourself MONTHS of Time and Frustration
Keep in mind that the CPA exam is the one part of getting your CPA license that you can control how long it takes. The education and experience requirements take as long as they take, but the CPA exams can take you as little as 6 months, or as long as multiple years… depending on how effective your study process is from the beginning.
Learn how to study strategically so you can save yourself tons of time and retake fees with this free training…