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New York CPA Exam

New York CPA (Certified Public Accountant) License is an official accounting certification compulsory to work as a CPA in the U.S. province. New York renders the CPA License to professionals complying with its exam, education, and experience requirements. Being the U.South. financial hub, opportunities abound for licensed accounting professionals in the state.

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The Empire Country administers a one-tier licensing strategy. Therefore, y'all would be certified and licensed simultaneously after passing the CPA Exam A Certified Public Accountant (CPA) is a United states of america state board-issued license to practise the bookkeeping profession read more and coming together other qualifications. Note that the New York State Department of Pedagogy (NYSED) is the sole authority for CPA licensing in the state.

The U.S. jurisdiction conducts the CPA Test at international locations likewise. Here is an outline of the New York CPA exam and license requirements.

Particulars	New York CPA Exam Requirements	New York CPA License Requirements
Minimum Age	21	21
U.South. Citizenship & Residency	Not Required	Non Required
Social Security Number	Not Required	Not Required
Education	120 semester hours/150 semester hours/15 years public accounting experience	150 semester hours
Exam	Schedule and take all sections within 18 months	Laissez passer all four test sections with 75 points in each
Experience	–	1 or 2 years
Ideals Examination	–	None

Contents

New York CPA Exam Requirements

Eligibility Requirements
Fees
Required Documents

New York CPA License Requisites

Educational activity Requirements
Test Requirements
Experience Requirements

Standing Professional Educational activity (CPE)

New York Examination Information & Resources

New York CPA Exam Requirements

The Uniform CPA Examination is a multi-part estimator-assisted test. It evaluates the candidate's potential to pursue public accounting in the U.South. It is considered one of the near challenging professional exams.

It is adult and graded past the American Institute of Certified Public Accountants (AICPA) in co-operation with the National Clan of Land Boards of Public Accountancy (NASBA).

The four CPA examination sections The Uniform Certified Public Accountant (CPA) Exam comprises iv sections, namely, Auditing and Attestation (AUD), Business Surround and Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG). The unique content, construction, format, and scoring of the CPA exam earn it the championship of one of the most challenging professional exams. read more than are Business Environs & Concepts (BEC Exam The BEC CPA Examination (Business Environment and Concepts) test department evaluates your agreement of the general business environment and your duties and responsibilities as a CPA towards it. It assesses your power to recognize and scrutinize situations related to Financial reporting, Financial argument inspect and attestation and Revenue enhancement grooming read more ), Regulation (REG Exam REG CPA Exam (Regulation) exam section tests a candidate's competency in applying the concepts of federal tax, business police force, and ethics. It is a four-hour exam with fifteen minutes break. read more ), Financial Accounting & Reporting (FAR exam The Financial Accounting and Reporting (FAR) CPA Exam section tests a candidate'due south competency in understanding and applying fiscal accounting and reporting standards. read more ), and Auditing & Attestation (AUD Exam Auditing and Testament (AUD) is i of the four Uniform Certified Public Auditor (CPA) Examination sections to exist passed for CPA licensure. With a circuitous examination format, tricky questions, and an exhaustive list of topics to written report, you will do good from some quick tips on the art of preparing for the AUD CPA test section. read more ). Each examination part is four-hour long. Information technology encompasses five testlets featuring iii question types.

Multiple-selection questions (MCQs) and chore-based simulations (TBSs) are included in all sections. At the aforementioned time, written communication tasks (WCTs) are only covered in the BEC section.

Please note that you lot have a rolling 18-month window to pass all four sections successfully. Ensure to score at least 75 points on a scale of 0-99 in each part.

Particulars	Details
Exam Awarding Regulatory Torso	CPAES
Passing Score	Minimum 75 points in each section
Exam Sections	four
Timeframe	18-month rolling period
Examination Duration	16-hour (4-hour per section)
Test Regulators	AICPA, NASBA, & Prometric
Required Documents	Official School Transcript(s)
	Strange Evaluation Report with Foreign Documents
	NY Country Registered Plan Form
	Testing Accommodations Request Class
Fees	Initial applicants	$1070 approx.
	Re-test applicants	$310-$985 approx. (as per the number of sections to re-take)
Eligibility Requirements	120 semester hours
	150 semester hours, or
	xv-year public accounting experience

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Eligibility Requirements

New York CPA License candidates planning to sit for the test must take one of the following requirement pathways:

120 semester hr pathway
150 semester 60 minutes pathway
15 years public accounting experience pathway

The details are as follows:

Particulars	120 Semester Hour Pathway		150 Semester 60 minutes Pathway	Public Accounting Experience Pathway
Atmospheric condition	Candidates who practical for CPA licensure or completed the required education before August i, 2009, must satisfy one of the post-obit options:	Candidates who did not use for CPA licensure or who completed the required education after August one, 2009, must fulfill each of the following prerequisites:	Candidates who applied for CPA licensure or completed the required education afterwards August 1, 2009, with 150 semester hours, must see one of the following:	Proceeds 15 years of land-lath approved public bookkeeping feel.
Option 1	Consummate the registered 120-hour plan authorized by NYSED (reviewed by CPAES)	120 semester hours of college-level education, & A grade covering Cost or Management Accounting, Non-introductory level Financial Accounting, Revenue enhancement, & upper-division level Auditing & Attestation	Consummate the registered 150-60 minutes program authorized past NYSED (reviewed by CPAES)	–
Option 2	Agree a bachelor'south caste with an accounting major from a higher or university approved by the Clan to Accelerate Collegiate Schools of Business (AACSB)	–	Concord a master'southward caste with an accounting major from a college or university approved by the AACSB	–
Option iii	Concord at least a bachelor's degree and a minimum of 120 semester hours in the following areas:	–	Concur at least a available's degree with a minimum of 150 semester hours (225 quarter hours) in college-level didactics, including
	24 semester hours in accounting with: Not-introductory level financial accounting Price bookkeeping Taxation Upper-division level Audit and attestation
			33 semester hours (49.5 quarter hours) in accounting with: Price or Direction Accounting Not-introductory level Financial Bookkeeping Taxation Upper-partitioning level Auditing & Testament Accounting Enquiry
	21 semester hours in business and accounting, half-dozen semester hours (or four semester hours at the graduate level) in business organization police 6 semester hours in finance 3 semester hours in statistics 6 semester hours in economical
			36 semester (54 quarter) hours in general business

Note that yous must as well embrace Communications and Ethics & Responsibilities subjects in either business organization or accounting. Also, the public accounting experience must see the following requisites:

A U.South. CPA or New York Public Auditor (PA) must directly supervise the experience.
Information technology must involve the implementation of U.Due south. Generally Accepted Accounting Principles (GAAP) and Generally Accepted Bookkeeping Standards (GAAS). Besides, it must include the training of auditing & financial statements.
The supervising CPA must submit the Verification of Experience Form to the NYSED.

New York CPA Exam & Education Requirements

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On coming together all requisites, submit the online awarding, fees, and documents to CPA Examination Services (CPAES). For the complete procedure, kindly visit the NASBA portal.

NASBA Advisory Evaluation service is also available to determine any educational flaws in your documents before the final submission.

Fees

Initial examination candidates:

Particulars	Examination Fees	Full Fees
Awarding Fee	–	$170
Registration Fee	–	–
Exam sections	–	–
AUD	$224.99	–
BEC	$224.99	–
FAR	$224.99	–
REG	$224.99	$899.96
Total Fees	$899.96	$1069.96

Re-test candidates:

CPA Exam Sections	Exam Fees (per department)	Total Test Fees (all sections)	Awarding Fees	Full Fees
4 exam sections	$224.99	$899.96	$85	$984.96
3 exam sections	$224.99	$674.97	$85	$759.97
2 exam sections	$224.99	$449.98	$85	$534.98
one exam sections	$224.99	$224.99	$85	$309.99

New York CPA aspirants can't withdraw from the licensure test or request to extend their Notice-to-Schedule (NTS). However, they may receive a partial examination fees reimbursement or request an NTS extension nether drastic scenarios.

Both examination and awarding fees are non-refundable. Then, just sign up for the section(due south) that you can have upward in the six-month NTS validity period.

Required Documents

Below-mentioned is the checklist for required documents.

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Please note that only original transcripts are official and adequate.

New York CPA License Requisites

Now that we have elaborated on the exam requirements, let's move on to the prerequisites for a New York CPA License. They are as follows:

Prove good moral character
Be a minimum of 21 years of historic period
Consummate 150 semester hours
Pass each of the 4 CPA exam sections
Obtain 1 or 2 years of relevant piece of work feel

Delight annotation that Social Security Number (SSN) is used, yet not mandatory, for CPA applicants. Moreover, CPAES assigns a unique computer-generated number for applicants without SSN.

Apply for the CPA License through NYSED along with the required forms. Please cheque the official website for the consummate procedure.

Required Forms	Services
Grade 1	Application for Licensure & Fees ($427)
Grade 2	Certification of Professional Education
Form three	Certification of Out-Of-Country Licensure and Examination Grades
Form 4B	Verification of Experience by Supervisor

Know that the licensure fees are field of study to change. Hence, check with the NYSED before final submission.

Education Requirements

New York CPA aspirants tin can complete their education requisites through one of the 2 pathways:

#1 – 150 Semester Hour Pathway

The required hours must be obtained from i of these programs:

NY State Licensure Qualifying Registered Programs – Consummate an bookkeeping program registered by the NYSED as licensure-qualifying.
AACSB Programs – Complete a master'due south caste in accounting from an AACSB institute accredited in business and accounting.
All other Programs – Consummate a postsecondary education regarded to exist substantially equivalent to the programs registered with the NYSED. It includes a minimum of a bachelor's caste from an accredited institute by NYSED-approved agencies.

Notation that the 150 semester hours must include:

33 semester hours in accounting with at least one course in the start iv listed subjects:
- Financial Bookkeeping & Reporting
- Toll or Managerial Accounting
- Taxation
- Auditing & Attestation Services
- Fraud Test
- Internal Controls & Run a risk Assessment
- Accounting Data Systems
36 semester hours in general concern electives in any combination of the post-obit subjects:
- Business organisation Statistics
- Figurer Science
- Finance
- Marketing
- Organizational Behavior
- Quantitative Methods
- Business Law
- Economics
- Management
- Operations Management Operations management is a business surface area that implements practices ensuring the conversion of inputs into goods and services with maximum efficiency. read more
- Business Strategy
- It & Systems

The subjects must also contain business organisation or accounting communications, accounting research, and ethics & professional responsibleness every bit stand up-solitary or integrated courses.

#2 – 120 Semester Hr Pathway

The following candidates can apply through the 120-hour pathway:

Candidates who are not licensed in another state and have applied for licensure past finishing their pedagogy before Baronial one, 2009. Such candidates are deemed grandparented into the 120 semester 60 minutes pathway.
Candidates who were licensed in another country before Baronial 2009 just did not accept four years of experience in the preceding ten years.

Candidates eligible for grandparenting may complete additional coursework and become their education re-evaluated to employ through the 150 semester hour pathway.

Exam Requirements

NY CPA aspirants must score 75 points or more in each of the iv CPA Exam sections. Delight note that you take a rolling eighteen-month period to conclude the licensure test. Refer to the New York Exam Requirements section for more details.

Feel Requirements

The following are the experience requisites:

120 semester hr pathway applicants – Proceeds at least two years of part-time or total-time work experience.
150 semester 60 minutes pathway applicants – Obtain one twelvemonth of office-time or full-fourth dimension work feel.

An active CPA from the same organization must supervise your employment and submit the Verification of Experience Class.

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The required experience may be full-time or part-time:

Total-time employment – Minimum 35 hours per week (5-day piece of work week)
Part-time work feel – 20 hours per calendar week (Ii part-fourth dimension weeks constitute 1 full-fourth dimension week)

A candidate who takes the fifteen years of experience pathway to meet the education requirements need non get any other feel for licensure after passing the exam.

Continuing Professional Educational activity (CPE)

New York Country CPAs must earn the required CPE credit hours annually. Courses taken within the land must be sponsored past firms registered with NASBA or the NY land board.

On the other hand, courses taken outside the land must exist sponsored by firms registered with NY country board, NASBA, or the state board in which the form was taken.

Here is everything you lot must know well-nigh the CPE requirements.

Particulars	Details
Date for Renewing License	Triennial based on the issuance date (electric current) & nascency month (before Jan i, 1993)
Reporting Period for CPE	January one-December 31 (Annually)
Full general CPE Requirement	Recognized subject area areas	Accounting
		Attest
		Auditing
		Taxation
		Advisory Services
		Specialized knowledge & applications associated with specialized industries
		Areas adequately associated with the accounting practice
	Hours in whatsoever of the recognized subject area areas	Minimum xl contact hours
	Hours in one recognized field of study	Minimum 24 contact hours
Ideals Requirement	Professional Ethics	4 hours during the 3 calendar years before the licensure expiration date
		4 hours are acceptable toward the almanac contact 60 minutes requirement in the calendar twelvemonth that they are taken
	If the Principal Place of business is New York	State-approved Ethics course
	If the Principal Place of business concern is New York	Regulatory Ethics earned from the NASBA, respective land board, or NY Land Board-approved provider
Other Subject Area Requirements	Inspect, Accounting, &/or Attest	Minimum 40 contact hours during the 3 years immediately before performing inspect/adjure services
		Information technology may be counted toward the annual contact hr requisite in the calendar twelvemonth that they are earned
Credit Limitations	Education	Maximum 50% of total hours
	Published Materials	Maximum 50% of total hours
Other Land Policies	Form Provider	Courses taken in New York	Sponsored by entities registered with NY State Board or with NASBA
		Courses taken outside New York	Sponsored by entities registered with NY Country Board, with NASBA, or the respective State Lath
		Self-Study Courses	Sponsored by entities registered with NY Country Board or with NASBA (irrespective of physical location)
	Professional evolution programs & technical sessions of local, national, & state firms & organizations in board-canonical public accounting exercise
	Other organized technical & educational programs relevant to the board-canonical public accounting practice

As per NYSED, there are a full of 44,190 CPAs in the land. The New York City itself houses almost 7000 CPAs. Too, there are over 2500 CPA licenses issued annually in the province inside the past four calendar years (2016-2020).

When it comes to New York and CPA, you simply can't deny the relevance of Wall Street. The home of the New York Country Exchange is a haven for several accountants. So, in a metropolis that never sleeps, CPAs tin thrive like never before.

Hence, gear up to earn this coveted title in 1 of the most lively and various places across the continent! Keep yourself updated with all the CPA exam and license requirements through the authorized websites of AICPA, NASBA, and the New York country board. Learn more near CPEs for CPA As a Certified Public Accountant (CPA), you demand to acquire Continuing Professional Educational activity or CPE credits for sustaining your license. This ensures that you lot are actively involved in improving your know-how of the profession past engaging in learning activities. read more

New York Exam & Information Resource

1. New York State Department of Education (http://www.nysed.gov/)

New York State Education Building

89 Washington Avenue

Albany, NY 12234

2. New York State Society of CPA (https://www.nysscpa.org/)

14 Wall Street

19th Floor

New York, NY 10005

Telephone: 800-537-3635

Fax: 866-495-1354

3. NASBA (https://nasba.org/)

150 Quaternary Ave. North

Suite 700

Nashville, TN 37219-2417

Tel: 615-880-4200

Fax: 615-880-4290

CPAES

800-272-3926

International: 615-880-4250

[email protected]

4. AICPA (https://www.aicpa.org/)

1345 Avenue of the Americas, 27th Floor

New York, NY 10105

P: +ane.212.596.6200

F: +1.212.596.6213