New York CPA Ethics Exam Requirements [2022]

New York CPA Ethics Exam Requirements

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New York CPA Ethics Exam Requirements

While most states require ethics before licensing, New York candidates can become a CPA without it as there are no New York CPA ethics exam requirements. However, part of the Continuing Professional Education (CPE) requirement is to attend 4 hours of acceptable professional ethics completed every three calendar years.

Summary of New York CPA Requirements

Credit Hours to sit for the CPA Exam120
Courses To Take For 120 Sit RuleFinancial Accounting and Reporting,
Cost or Management Accounting,
Taxation and
Auditing
Total Credit Hours to receive CPA License150
Credit Hours in Accounting courses for CPA License33
Credit Hours in General Business courses for CPA License36
Age Requirement to be Licensed21 years old
Certificate of Good Moral CharacterYes
Work Experience required to receive a CPA License1 – 2 years

New York CPA Education Requirements

Each state has different requirements to sit for the CPA exam and to get your CPA license. In New York it is possible to sit for the CPA exam before having the full 150 semester hours required for licensure. To sit for the CPA exam in New York, you will need 120 semester hours, and at least one class each in:

  • Upper-division financial accounting
  • Upper-division audit & attestation
  • Cost or management accounting
  • Taxation

Education Requirements to Sit for the Uniform CPA Examination

Education Requirements for New York CPA License

To actually receive your CPA license after passing your CPA exams, you will need to meet one of the following four requirements below:

  1. Completed a 150-semester-hour program from an educational institution approved by the NYSED.
  2. A master’s degree in accounting from an educational institution approved by the AACSB.
  3. Completed a bachelor’s degree or higher in college education with a minimum of 150 semester hours in college education, including the following required courses listed below.
    • The CPA education requirements are 33 semester hours, with at least one course in the first four core areas.
      • Financial Accounting and Reporting
      • Cost or Managerial Accounting
      • Taxation
      • Auditing and Attestation Services
      • Fraud Examination
      • Internal Controls and Risk Assessment
      • Accounting Information Systems
    • 36 semester hours of general business electives in any combination of the categories below:
      • Business Statistics
      • Business Law
      • Computer Science
      • Economics
      • Finance
      • Management
      • Marketing
      • Operations Management
      • Organizational Behavior
      • Business Strategy
      • Quantitative Methods
      • Information Technology and Systems
    • The study of business or accounting communications, ethics and professional responsibility, and accounting research must also be included in the curriculum, either as stand-alone courses or as part of other courses.
  4. The 15-year experience option. If you have 15 years of experience working in accounting, the New York State Board of Accountancy may accept that experience in lieu of the education requirements.

Accepted Educational Institutions

An individual must have a bachelor’s degree or higher to meet the license criteria for the New York CPA exam requirements, and any coursework taken from non-matriculated schools must be accredited by one of the following accredited institutions.

  • Accrediting Commission for Community and Junior Colleges (ACCJS)
  • Western Association of Schools and Colleges
  • Higher Learning Commission (HLC)
  • Middle States Commission on Higher Education (MSCHE)
  • New England Commission of Higher Education (NECHE)
  • Northwest Commission on Colleges and Universities (NWCCU)
  • Southern Association of Colleges and Schools Commission on Colleges (SASCOC)
  • WASC Senior College and University Commission (WSCUC)

Transfer Credits/Foreign Education

Applicants who received any of their post-secondary (college) education outside of the United States and did not complete one of the above-mentioned New York State Licensure Qualifying Programs or AACSB programs will have their education thoroughly reviewed to determine if it meets the education requirements for licensure.

There is a fee for submitting the Application for licensure to the NYS Education Department, and the applicant must have their school send a Certification of Professional Education for review.

  • Do note that the International Evaluation Services (NIES) of NASBA or any other evaluation services of foreign education are not authorized to approve an applicant’s education for licensure.

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…

New York CPA Exam Cost Breakdown

The New York CPA exam cost consists of five main fees: an initial exam application fee of $170, the exam registration fee of $85, the $226.15 per CPA exam section totaling $905 for all four sections, a licensure and first registration fee that costs $427 and the renewal fee of $292.

Initial Exam Application$170.00
Examination Fees
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
Registration Fees
4 Examination Sections$85.00
3 Examination Sections$85.00
2 Examination Sections$85.00
1 Examination Section$85.00
Licensure and First Registration$427.00
Renewal Fee$292.00

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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