Maryland CPA Education Requirements [2022]

Maryland CPA Education Requirements

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Maryland CPA Education Requirements

To meet the Maryland CPA education requirements and become a CPA, an applicant must possess a bachelor’s degree with 150 semester hours including 21 semester hours in specific subjects. While applicants may sit for the CPA exam with 120 credits, applicants will need to have 30 semester hours in accounting and ethics to sit for the exam.

Summary of Maryland CPA Requirements

Credit Hours to sit for CPA Exams120
Bachelor’s degree and Accounting Major or equivalent required to sit for CPA Exams?Yes
For CPA Exam
Credit Hours in Accounting-related Subjects (Including below)30
*Credit Hours in Ethics3
*Credit Hours each in Auditing, Cost Accounting/Managerial Accounting & US Federal Income Tax and Ethics3
*Credit Hours each in Financial Accounting and Elective Accounting9
For CPA License
Credit Hours in business-related courses for the CPA license21
Credit Hours to receive a CPA License150
Ethics Exam Required?Yes
Work Experience Required1 – 3 Years
Required CPE Hours Every Two Years80

Education Requirements

Before qualifying to sit for the CPA exam, applicants must fulfill the specific education requirements in Maryland. The state board breaks these requirements into two groups.

For CPA Exam. Accounting and Ethics Education – Complete 30 hours including:

  • Three hours in Auditing, Three hours in Cost Accounting or Managerial Accounting, Three hours in U.S. Federal Income Tax and Three hours in Ethics.
  • Nine hours of Financial Accounting and Nine hours of Accounting electives.

An applicant must then receive a bachelor’s degree with a major in accounting or equivalent from an institution that is a member of:

Second, in order to be eligible to apply for CPA licensure in the state of Maryland, an applicant must have completed a total of 150 semester credit hours and complete the requirements of business related education.

For CPA License. Business Related Education – Complete at least 21 hours in at least five of the nine subject areas.

  • Statistics
  • Economics
  • Corporation or Business Finance
  • Management
  • Marketing
  • U.S. Business Law
  • Business Communication
  • Quantitative Methods,
  • Computer Science or Information Systems

See Chart of Subject Matter for more information on each of the required courses or subjects.

Foreign Applicants

Candidates with accounting degrees from other countries can be accepted provided that they meet Maryland’s education requirements. They will be evaluated by NASBA International Evaluation Service (NIES) as they are the only acceptable evaluation service for foreign transcripts. An applicant must request a course title and the number of credits assigned to each course to be done for the purpose of taking the Uniform CPA Examination in Maryland.

Uniform CPA Exam Application

After completing all required education, Maryland candidates can then apply for the CPA exam online. This application allows candidates to claim all of the relevant courses that they have completed to date, both to qualify for the CPA examination and for a CPA license. Candidates can also access this application again at the time they want to get licensed to add any courses that they may be lacking.

Candidates will also be able to:

  1. Complete the application at their own pace.
  2. Check the status of their application after submitting it.
  3. Make changes to their contact information at any time.
  4. Make name changes.

Be sure to read instructions thoroughly and check on each course to determine whether the courses qualify. A core course inventory worksheet is provided. It is recommended to complete this form and use it as applicants fill out the online application.

Payments for all the exam fees will be paid directly to NASBA.

To prevent delays in the application, make certain all information is complete. It may take up to 45 days depending on the completeness of the application, the receipt by the board of all of the pertinent documents and the volume of applications that are received.

For more tips and processing details, visit the Candidate Bulletin.

For application status, check here.

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 Four CPA Exam Sections are:

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.

Business Environment and Concepts (BEC)

The Business Environment and Concepts (BEC) section of the Uniform CPA Examination (the Exam) tests knowledge and skills that a newly licensed CPA must demonstrate when performing:

  • Audit, attest, accounting and review services
  • Financial reporting
  • Tax preparation
  • Other professional services

The content areas tested under the BEC section of the Exam encompass five diverse subject areas. These content areas are enterprise risk management, internal controls and business processes, economics, financial management, information technology and operations management.

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

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…

Maryland CPA Exam Cost Breakdown

The Maryland CPA exam cost consists of four main fees: an examination application fee of $67, a $226.15 per CPA exam section totaling $905 for all four sections, the license fee that costs $22 and the renewal fee of $56.

Examination Application Fee$67.00
Auditing and Attestation (AUD)$226.15
Business Environment and Concepts (BEC)$226.15
Financial Accounting and Reporting (FAR)$226.15
Regulation (REG)$226.15
Total for all 4 CPA Exam Sections$905.00
CPA License Fee$22.00
CPA License Renewal Fee$56.00

Ethics Courses

Successful CPA examinees will receive information regarding obtaining this course with their CPA examination grades. Candidates generally must choose the course for licensure that requires a score of 90%.

Maryland board recommends completing the self-study course titled, “Professional Ethics: The AICPA’s Comprehensive Course” and after passing the exam, send a copy of the course completion certificate and the supporting documentation to the board at:

Maryland Board of Public Accountancy
1100 N. Eutaw Street, 5th Floor
Baltimore, MD 21201

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…

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