CPA Ethics Exam Colorado

Colorado Ethics Exam Requirements

Many candidates who pass the CPA Exam face one more important test before they earn a license to practice as Certified Public Accountants—an Ethics Exam. Colorado like many other states varies their ethics requirements for a CPA license just as they vary their requirements for the CPA Exam.

Below we will be discussing the requirements for the state of Colorado. You must pass the AICPA Ethics Exam to get a Colorado CPA license.

Preparing for the Ethics Exam

You must complete and pass the Professional Ethics: The AICPA’s Comprehensive Course (PE) prior to receiving your Colorado CPA certificate. The course explains the AICPA Code of Professional Conduct and covers the basic tenets of ethical and professional conduct.

The course is worth 8 hours of CPE credit and fulfills the Colorado State Board of Accountancy’s ethics requirement for licensure. You must pass this course with a score of 90 percent or higher to qualify. It is not necessary to take the AICPA Ethics Exam until you are prepared to apply for the Colorado CPA license.

The Colorado Society of CPAs (COCPA) offers additional information here and directs candidates to both the AICPA Online Version as well as the Text Version of the course. If you sign up for the Ethics Exam and purchase the review materials on the AICPA website, make sure to order the package #155903 and not #155703. You want the package Professional Ethics: The AICPA’s Comprehensive Course On-Demand (For Licensure). Be careful to get the one for “licensure” and not one strictly for CPE.

Candidates may send an email to the Colorado Society at sarah@cocpa.org for more information. Applicants also may telephone COCPA at (303) 773-2877 or (800) 523-9082.

The Colorado State Board of Accountancy can also provide information. The board’s telephone number is (303) 894-7800 and the email address is accountancy@dora.state.co.us.

How much study time will the Ethics Exam require?

You can expect to schedule between 10 and 20 hours to study for the exam. You won’t need to devote much more than 10 hours to prepare. Just make sure you don’t skim and miss important points.

Take notes so that you’ll hold on to the concepts long enough to pass the test. The multiple-choice questions can be tricky; read them carefully.

The Exam Format

The AICPA Ethics Exam is a timed, open book exam. You can look up answers in your textbook if you have enough time. There are 40 multiple-choice questions that can either be taken online or on paper. The test offers all multiple-choice questions. Most are relatively simple. However, since the passing score is 90, you can’t miss too many questions. You must be careful to select the correct answer when you read the questions.

How long are Ethics Exam scores good?

After you order the Ethics Exam, AICPA gives you one full year to study and take the test. You can contact the AICPA Grading Department at 1-888-777-7077 to ask for a 30-day extension if this is not enough time.

States that require the AICPA Ethics Exam usually set a deadline that results are valid for two years after completing the exam. A two-year limit is expected to allow candidates enough time to complete all their other licensing requirements. Check with the Colorado Board of Accountancy to make sure.

Receiving Scores

Submitting your answers online means you will receive your score immediately after the test is graded automatically. If you mail in your answers, you will have to wait up to six weeks for the results.

Exam Fees

Candidates must pay the following fees:

  • Online Format
    • $189 for AICPA Nonmembers
    • $149 for AICPA Members
  • Text Format
    • $135 for COCPA Nonmembers
    • $135 for COCPA Members

Retaking the exam

You are permitted to take the exam online up to three times. You will have to use the paper version and submit your answers by mail to retake it a fourth time.

Ready For The Ethics Exam?

Now that general overview of the Ethics Exam. Feel free to click the button below and grab yourself a copy of our free Ethics Exam Guide.

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