Mo. Code Regs. tit. 20 § 2010-4.020

Current through Register Vol. 49, No. 20, October 15, 2024

Section 20 CSR 2010-4.020 - Qualifying Programs

PURPOSE: This amendment updates a publication date.

(1) Programs Qualifying for Continuing Professional Education (CPE) Credit.

(A) Standards. A program qualifies as acceptable CPE if the program meets or exceeds the minimum standards of quality of development, presentation, measurement, and reporting of credits set forth in the Statement on Standards for Continuing Professional Education (CPE) Programs jointly approved by the National Association of State Boards of Accountancy (NASBA) and the American Institute of Certified Public Accountants (AICPA) or such other standards acceptable to the board.

(B) The Statement on Standards for Continuing Professional Education (CPE) Programs, revised December 2023 and effective January 1, 2024, published by the NASBA and AICPA are incorporated in this rule by reference. A copy of the Statement on Standards for Continuing Professional Education (CPE) Programs may be obtained online at www.nasbaregistry.org, or by contacting NASBA, 150 Fourth Avenue N., Suite 700, Nashville, TN 37219 or AICPA, 1211 Avenue of the Americas, New York, NY 10036. This rule does not incorporate any later amendments or additions to the standards.

(C) Subject Areas. The board will accept programs meeting the standards set forth in the Statement on Standards for Continuing Professional Education (CPE) Programs (January 1, 2024) and as set forth in this rule. The board will accept the following sources of CPE as defined in the Statement on Standards:

1. Group programs;

2. Self-study programs;

3. Blended-learning programs;

4. Nano-learning programs;

5. Instructor/developer of CPE programs;

6. Technical reviewer of CPE programs or work on technical committees;

7. Independent study through a CPE program;

8. College or university courses in accounting or accounting-related field of study, except basic or introductory accounting courses or CPA exam preparation/review courses; and

9. Authorship of published articles, books, and other publications relevant to maintaining or improving professional competence. Authorship hours claimed for CPE shall not exceed two (2) hours in any calendar year.

(D) Authoring a program. A licensee may receive CPE credit for authorship of published articles, books and other publications relevant to maintaining or improving professional competence upon the following conditions:

1. The board determines that the research and writing maintain or improve the professional competency of the author or writer as a CPA;

2. The number of credit hours claimed is consistent with the quality and scope of the article, book, or program;

3. CPE credits may be claimed only upon publication. A licensee shall not receive CPE credit for re-authoring or re-presenting the same or substantially similar program;

4. To receive CPE credit for authorship, the material must contain a minimum of seven hundred fifty (750) words. CPE credit for authorship is determined by the number of words divisible by seven hundred fifty (750) (# of words / 750 = 1 CPE hour). The number of words do not include any material not critical to the publication. Examples of material that is not critical and, therefore, excluded from the word count are the introduction, biographies, table of contents, glossary, reference materials (including, but not limited to, recitation of an accounting rule or regulation), or appendices;

5. CPE credit for authorship will be granted only in one (1) hour increments. Where the word count formula exceeds a one (1) hour increment, the final total is rounded down to the nearest full hour; and

6. If requested, a copy of the publication shall be provided to the board in electronic format.

(E) Certifications Related to Profession. A licensee may receive continuing professional education (CPE) credit for certifications related to the profession that are relevant to maintaining or improving professional competence upon the following conditions:

1. CPE credit may only be claimed upon receipt of a completed verifiable certificate demonstrating the licensee has successfully obtained certification within the applicable CPE reporting period. CPE hours granted will be based on the year the certificate was issued.

2. Upon review of the course/certification content and requirements, the board will determine the number of CPE hours that can be claimed for successful completion of the certification;

3. The following initial certifications will be accepted by the board for CPE hours, as designated:

A. Advanced Audit Certification-CAMS Audit (ACAMS). Eligible for ten (10) CPE hours;

B. Certified Accounts Payable Professional Exam (CAPP). Eligible for twenty (20) CPE hours;

C. Certified Anti-Money Laundering Specialists (CAMS). Eligible for ten (10) CPE hours;

D. Certified Financial Planner (CFP). Eligible for thirty (30) CPE hours;

E. Certified Fraud Examiner (CFE). Eligible for twenty-five (25) CPE hours;

F. Certified Government Financial Planner (CGFM). Three- (3-) part exam, eligible for ten (10) CPE hours per exam;

G. Certified Information System Auditor Exam (CISA). Eligible for fifteen (15) CPE hours;

H. Certified Investment Management Analyst (CIMA). Eligible for twenty (20) CPE hours;

I. Certified Management Accountant Exam (CMA). Two-(2-) part exam, eligible for twenty (20) CPE hours per exam;

J. Certified Treasury Professional Exam (CTP). Eligible for fifteen (15) CPE hours;

K. Chartered Alternative Investment Analyst Exam (CAIA). Two- (2-) part exam, eligible for twenty-five (25) CPE hours per exam;

L. Chartered Financial Analyst Exam (CFA). Three- (3-) part exam, eligible for thirty (30) CPE hours per exam;

M. Chartered Enterprise Risk Analyst (CERA). Five- (5-) part exam, eligible for fifteen (15) CPE hours per exam;

N. Enrolled Agent Certification. Eligible for twenty (20) CPE hours;

O. Chartered Financial Consultant (ChFC). Eligible for fifteen (15) CPE hours;

P. Series 6 Exam. Eligible for ten (10) CPE hours;

Q. Series 7 Exam. Eligible for twenty-five (25) CPE hours;

R. Series 63 Exam. Eligible for nine (9) CPE hours;

S. Series 65 Exam. Eligible for twenty (20) CPE hours;

T. Series 66 Exam. Eligible for fifteen (15) CPE hours.

4. Licensees seeking CPE for any course not set forth above may request the board determine appropriate credit by submitting the required documents as set forth in 20 CSR 2010-4.031.

5. Certificate renewals and recertifications are not eligible for CPE hours.

20 CSR 2010-4.020

AUTHORITY: section 326.271, RSMo Supp. 2003.* This rule originally filed as 4 CSR 10 -4.020. Original rule filed Nov. 5, 1984, effective Feb. 11 , 1985. Amended: Filed June 4, 1990, effective Nov. 30, 1990. Rescinded and readopted: Filed April 5, 2004, effective July 30, 2004. Moved to 20 CSR 2010-4.020, effective Aug. 28, 2006.

Amended by Missouri Register November 15, 2019/Volume 44, Number 22, effective 12/31/2019

Amended by Missouri Register August 3, 2020/Volume 45, Number 15, effective 9/30/2020

Amended by Missouri Register April 1, 2021/Volume 46, Number 07, effective 5/31/2021

Amended by Missouri Register May 16, 2022/Volume 47, Number 10, effective 6/30/2022

Amended by Missouri Register July 15, 2024/volume 49, Number 14, effective 8/31/2024.

*Original authority: 326.271, RSMo 2001, amended 2002.