Rhode Island CPA Requirements

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.

Rhode Island CPA licensure Requirements – Overview
Educational Hours Required for Licensure150 Semester Hours
Residency RequiredU.S. citizen or legal resident
Degree RequiredBachelor’s or Master’s
Minimum AgeNot required
Application Fee$xx.xx
Additional RequirementsRhode Island 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 Rhode Island 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 Rhode Island.

  • Bachelor’s degree or higher from a regionally accredited college or university
  • 150 credit hours from any regional accredited educational institution
  • 24 semester hours in accounting
    • 6 semester hours in both fundamental accounting and intermediate financial accounting and reporting
    • 3 semester hours in each of the following: advanced financial accounting and reporting, tax accounting and auditing
  • 24 semester hours in business courses (other than accounting courses)
  • must include 3 semester hours in both business law and economics

Minimum age required

Minimum age not required. Applicant must be a citizen of the United States or legally present in the United States.

Professional Ethics

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).”

Fees

$100 for the individual application and $130 for firm annual permit.

Work Experience

The candidate will have one year experience required. The applicant shall also show to the satisfaction of the Board that experience obtained has included all of the following:

  • Understanding of the Code of Professional Conduct promulgated and adopted by the Board of Accountancy as demonstrated by a grade of 90 or above in the Professional Ethics, the AICPA’s Comprehensive Course;
  • Ability to assess the achievement of an entity’s objectives by demonstrating knowledge of various business organizations, understanding of the objectives and goals of business entities, ability to develop and analyze performance measures and critical success factors, and understanding of the economic and regulatory trends that affect an entity’s environment;
  • Experience in preparing work papers that include sufficient relevant data to support the analysis and conclusions required by the applicant’s work
  • Experience in the preparation and analysis of financial statements together with explanations and notes thereon;
  • Understanding transaction streams and information systems, including the ability to understand how individual transactions aggregate at the organizational level, to infer how transactions impact the organization as a whole

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.

Additional Information

While we do our best to keep all of this information up to date you are welcome to visit and or contact that Rhode Island Board of Accountancy with any other questions you might have.

Rhode Island State Board of Public Accountancy
Address: 233 Richmond Street, Suite 236
Providence, RI 02903-4236
Phone: 401-222-3185
Fax: 401-222-6654
Email: boa@dbr.state.ri.us
Web: www.dbr.state.ri.us
CPA Certification form: Rhode Island CPA Certification Form
Annual Registration form: Rhode Island Annual Registration Form

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