Wyoming CPA Ethics Exam Requirements [2023]

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Wyoming CPA Ethics Exam Requirements

To meet the Wyoming CPA ethics exam requirements and become a CPA, a candidate will have to complete and pass the course and exam from the American Institute of Certified Public Accountants (AICPA) titled Professional Ethics: The AICPA’s Comprehensive Course (For Licensure). This is a self-study course and a candidate must pass the ethics exam with at least a 90% score to qualify for a CPA license.

This article will help you to become a CPA in Wyoming and is a requirement for you to take the Wyoming CPA exam.

Summary of Wyoming CPA Requirements

Credit hours to sit for the CPA exam	120
Age requirement for the CPA exam	18
Bachelor’s required to sit for the CPA exam	Yes
Credit hours in accounting subjects to sit for the CPA exam	24
Credit hours in business subjects to sit for the CPA exam	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
Wyoming resident	Yes
Valid Social Security Number	Yes

Wyoming Education Requirements

The first main requirement for the CPA exam is the Wyoming CPA education requirements or credentials. In order to sit for all four parts of the CPA Exam in Wyoming, candidates must meet all academic requirements for licensure.

According to the Wyoming Board of Certified Public Accountants, candidates for the Wyoming CPA Exam must have a bachelor’s degree or higher from a regionally accredited institution or university with an accounting concentration or major. Candidates must additionally finish 150 semester hours in accounting courses with a focus.

Have completed at least 24 semester hours of accounting courses in one or more of the following areas:
- Auditing
- Taxation
- Cost Accounting
- Accounting Theory
- Attestation
- Forensic Accounting
- Financial Accountancy
Have completed at least 24 semester hours of business courses in one or more of the following areas:
- Business law
- Business communications
- Marketing
- Management
- Information systems
- Finance
- Statistics
- Technical writing

Remember: Internships may count for up to six (6) semester hours toward the accounting or business courses matter requirements.

The Wyoming Board of Certified Accountants requires that the candidate earn their degree from an accredited school. If you are residing in Wyoming, the only accredited college where coursework is accepted is the University of Wyoming.

Foreign Education

Candidates that graduated from a foreign institution should have an accepted agency to evaluate and verify their transcripts.

You may contact WBCPA to find accepted institutions and agencies that can verify your transcripts.

Pass the Uniform CPA Exam

Candidates who have obtained a Notice to Schedule are qualified to schedule and take the Uniform CPA Exam.

To qualify for a license, all four sections of the Uniform CPA Exam must be taken and passed with a score of 75 or better within 18 months. Candidates who need to retake any unit (s) of the exam must apply to the Board for re-examination.

Candidates may take more than one section at a time, it is advisable not to sign for all four parts once because this might cost you more if the NTS expires before completing the parts. You might be required to re-register by paying $50.

The Four CPA 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.

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 CPAexcel, 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…

Wyoming CPA Exam Cost Breakdown

The Wyoming CPA exam cost consists of three main fees: an initial application fee of $110, the $226.15 per CPA exam section totaling $905 for all four sections, and the Original Certificate Application which is $225.

Examination Application Fee	$110.00
Re-examination Fee	$50.00
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
Original Certificate Application	$225.00

Wyoming CPA Experience Requirements

To meet the Wyoming CPA experience requirements , candidates require 2,000 hours or 12 months of experience in auditing, attestation, taxation, cost or financial accounting, and consulting. Experience can be gained by full-time or part-time employment in public accounting, industry, government, or academia and must be completed during a 1 – 4 year period with a minimum of 1,800 hours.