A CPA is a certified public accountant who is licensed by a state board of accountancy.
To earn the prestige associated with the CPA license, you are required to demonstrate knowledge and competence by meeting high educational standards, passing the CPA exam and completing a specific amount of general accounting experience.
The two most important aspects of becoming a CPA are passing the Uniform CPA Exam and meeting licensing requirements in the state where you want to practice.
|Iowa CPA licensure Requirements – Overview|
|Educational Hours Required for Licensure||150 Semester Hours|
|Residency Required||Not required|
|Degree Required||Bachelor’s or Master’s|
|Minimum Age||Not required|
|Additional Requirements||Iowa Board of Accountancy Site|
Educational Hours Required for licensure
The Certified Public Accountant certification is one of the most prestigious professional certifications available. It indicates that the accountant has satisfied a demanding set of educational, professional, and ethical standards. In addition, candidates must pass the rigorous CPA exam in order to earn the distinction of this credential. Before candidates can sit for the exam, they must satisfy their Iowa CPA requirements and qualifications. Each state has its own set of eligibility requirements for the CPA licensure, which should not be confused with CPA exam requirements. Below we will be discussing the requirements for the state of Iowa.
- a. Earned a graduate degree with a concentration in accounting from a program that is accredited in accounting by an accrediting agency recognized by the board.
- b. Earned a graduate degree in business from a program that is accredited in business by an accrediting agency recognized by the board and completed at least 24 semester hours in accounting including courses covering the subjects of financial accounting, auditing, taxation, and management accounting. Such accounting hours shall not include elementary accounting or principles of accounting, internships or life experience.
- c. Earned a baccalaureate degree in business or accounting from a program that is accredited in business by an accrediting agency recognized by the board and completed at least 24 semester hours in accounting courses covering the subjects of financial accounting, auditing, taxation, and management accounting. Such accounting hours shall not include elementary accounting or principles of accounting, internships or life experience.
- d. Earned a baccalaureate or higher degree and completed the following hours from an accredited institution recognized by the board:
- (1) At least 24 semester hours in accounting courses above elementary accounting or principles of accounting covering the subjects of financial accounting, auditing, taxation, and management accounting, not including internships or life experience; and
- (2) At least 24 additional semester hours in business–related courses, not including internships or life experience. Elementary accounting hours that do not qualify under subparagraph 3.3(1)”d”(1) above may apply toward business–related courses.
- Quarter hours will be accepted in lieu of semester hours at a 3:2 ratio; that is, three quarter hours is equivalent to two semester hours. Internships and life experience hours may apply toward the total 150 hours’ requirement.
Minimum age required
Minimum age not required. Applicant must be a citizen of the United States or legally present in the United States.
Candidates who have successfully passed the examination will be required to complete the American Institute of Certified Public Accountant’s continuing professional educational course “Professional Ethics: The AICPA’s Comprehensive Course On-Demand (For Licensure).”
$100 for the individual application $100 for firm registration.
Experience shall include providing any type of service or advice involving the use of accounting, attest (CPA), compilation, management advisory, financial advisory, tax or consulting skills. Experience may be gained through employment in government, industry, academia, or public practice.
One year of experience shall consist of full-or part-time employment that extends over a period of no less than one year and no more than three years and includes no fewer than 2,000 hours of performance of services outlined above.
A firm license process
Each firm and office thereof established or maintained for the practice of public accountancy in this State shall register with the Board within 30 days after it is opened, and annually thereafter, on a form prescribed by the Board.
Each office shall be under the direct supervision of a resident manager who must be registered with this Board and the holder of a valid annual permit.
While we do our best to keep all of this information up to date you are welcome to visit and or contact that Iowa Board of Accountancy with any other questions you might have.
Iowa State Board of Public Accountancy
Address: 200 E. Grand, Suite 350
Des Moines, IA 50309
Phone: (515) 725-9022 x.2
Fax: (515) 725-9032
CPA Certification form: Iowa CPA Certification Form
Annual Registration form: Iowa Annual Registration Form