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OSCPA, AICPA, NASBA and the OAB: What You Need To Know
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OSCPA, AICPA, NASBA and the OAB: What You Need To Know

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  • Just restructured memberships. 81.39 PERCENT MAJORITY TO MODERNIZE THE AICPA'S ADMISSION REQUIREMENTS TO ALLOW MORE PEOPLE TO JOIN THE INSTITUTE, EVEN IF THEY NO LONGER PRACTICE ACCOUNTING OR WERE NEVER PRACTITIONERS. WITH THE MEMBERSHIP’S APPROVAL, INDIVIDUALS NOW MAY JOIN THE AICPA IF THEY MEET AT LEAST ONE OF THE FOLLOWING CRITERIA: •     THEY HOLD A VALID, UNREVOKED CPA CERTIFICATE ISSUED BY A LEGALLY CONSTITUTED AUTHORITY; •    THEY AT ANY TIME POSSESSED A VALID CPA CERTIFICATE AND THE CERTIFICATE WAS NOT REVOKED AS A RESULT OF A DISCIPLINARY ACTION (FOR EXAMPLE, THEY ALLOWED THE CERTIFICATE TO LAPSE BECAUSE THEY CEASED TO  PROVIDE PUBLIC-ACCOUNTING SERVICES AND, THEREFORE, WERE NO LONGER REQUIRED BY STATE BOARDS OF ACCOUNTANCY TO MAINTAIN LICENSURE); AND, •    THEY PASSED THE CPA EXAMINATION, FULFILLED THE EDUCATION AND EXPERIENCE REQUIREMENTS OF THE UAA FOR CPA CERTIFICATION AND ARE OF GOOD MORAL CHARACTER, BUT NEVER SOUGHT A RIGHT TO PRACTICE; THE UAA REQUIRES 150 HOURS OF EDUCATION, A PASSING SCORE ON THE UNIFORM CPA EXAMINATION AND AT LEAST ONE YEAR OF RELEVANT EXPERIENCE. LATE DECEMBER.
  • * Along with, same term as.
  • 1:Complete and file the “Application for Qualification” with the Oklahoma Accountancy Board. This form determines your eligibility to become a candidate. Official transcripts, a photograph and a $50 fee are required with each application. 2. complete the “Candidate for Examination Application” and file it with the OAB. EACH application requires a $50 fee . You may apply for up to four sections of the exam with each application. You may apply and sit for each section individually and in any order. If you do not sit for an exam section within 18 months of your initial approval, your candidacy will become inactive. 3. All of your fees must be paid to NASBA before you can schedule any one part of your examination. 4. To schedule a section, visit www.prometric.com/cpa and receive an e-mail confirmation, or call the Prometric Candidate Services Contact Center (800) 580-9648. at any one of the Prometric sites located within the 54 CPA Exam jurisdictions. You must have your NTS when scheduling your exam. allow at least six full business days between scheduling and taking the exam. To receive your first choice, recommended at least 45 days before test date . Be prepared with a second and third preferred time and date. 2 Centers OKC and Tulsa 5. arrive 30 minutes before your scheduled exam time. If you are more than 30 minutes late, you will be considered a no-show . You will not receive a refund. • bring your NTS, which contains required log-in information. • two forms ID. The primary form of ID must be government-issued and include a recent photo and signature (e.g., driver’s license.) The second form of ID must have a signature (e.g., credit card). • Your name must match exactly on your application, NTS and both forms of ID. • A digital photo and biometric fingerprint will be taken at the test center. 6. 1800 hours of work experience: verified by a CPA, PA or other individual who is approved by the Oklahoma Accountancy Board. Your experience may be obtained up to four years prior: Start with Experience Verification Form. 7. Professional Ethics: The AICPA’s Comprehensive Course with a grade of 90 or above.

OSCPA, AICPA, NASBA and the OAB: What You Need To Know OSCPA, AICPA, NASBA and the OAB: What You Need To Know Presentation Transcript

  • OSCPA, AICPA, OAB & NASBA: What You Need to Know Sara Lorenzen Lockhart, OSCPA Membership Manager
  •  
    • Oklahoma Society of CPAs
    • American Institute of CPAs
    • National Association of State Boards of Accountancy (NASBA)
    • Oklahoma Accountancy Board
    • Brief overview of the application process
  • Oklahoma Society of Certified Public Accountants (OSCPA)
    • The OSCPA is the only statewide professional organization for Oklahoma CPAs.
    • Formed in 1918.
    • Charter membership of 31.
    • Unites over 6,700 members in public practice, private industry, government and education.
    • Layout of the society:
    • 25 member-elected board of directors
      • 12 officers & directors and 13 chapter presidents
    • 13 local chapters
    • 22 technical and administrative committees
    • 60 resource pools
    • Staff of 17
  •  
  • What does the OSCPA do?
    • Represents Oklahoma CPAs on a timely, responsive and creative basis:
      • Promotes the professionalism of CPAs;
      • Protects the designation of CPAs;
      • Provides member services:
        • Quality education
        • Opportunities for interaction
        • Builds and develops leadership skills
  • American Institute of Certified Public Accountants (AICPA)
    • Founded in 1887
    • The national professional association of CPAs
    • Established accountancy as a profession distinguished by rigorous educational requirements, high professional standards, a strict code of ethics, licensing status and a commitment to serving the public interest.
    • More than 360,000 members, in business and industry, public practice, government and education;
    • Offices in New York, Washington, D.C., Durham, N.C., Ewing, N.J. and Lewisville, Texas.
    • Represents the profession nationally in dealing with:
      • rule-making,
      • standard-setting
      • legislative bodies
      • public interest groups
      • state CPA societies
  • AICPA, cont.
    • Develops standards for audit of private companies and other services by CPAs;
    • provides educational guidance materials to its members;
    • develops and grades the Uniform CPA Examination;
    • monitors and enforces compliance with the profession’s technical and ethical standards.
  • National Association of State Boards of Accountancy (NASBA)
    • Serves as a forum for the 55 boards of accountancy.
    • NASBA's mission is to enhance the effectiveness of state boards of accountancy.
    • NASBA's goals are to:
      • Provide high quality, effective programs and services
      • Identify, research and analyze major current and emerging issues
      • Strengthen and maintain communications with state boards
      • Develop and foster relationships with organizations that impact the regulation of public accounting.
  • Oklahoma Accountancy Board (OAB)
    • Mission of the Board:
      • To safeguard the public welfare by:
        • prescribing and assessing qualifications
        • regulating the professional conduct registrants and firms authorized to engage in the practice of public accounting in the State of Oklahoma.
          • Simple terms: They issue and take away CPA licenses.
  • OAB, cont.
    • Composed of:
      • five certified public accountants
      • one public accountant
      • five-year terms
      • one lay member who serves along with the Governor.
      • All are appointed by the Governor and confirmed by the Senate,
      • responsible for disseminating rules setting guidelines and governing the professional practices of registrants.
  • The CPA Exam: Qualifications
    • Bachelor’s degree from an accredited college;
    • 150 total semester hours consisting of at least 76 upper-division semester hours;
    • 30 semester hours in accounting courses above Principles and Introductory Accounting;
    • One course in external auditing;
    • Nine upper-division semester hours in business law, economics, statistics, finance, business management, marketing, business communication, MIS or computer science;
    • Oklahoma residency and;
    • Good moral character (a background check).
  • The CPA Exam: Steps
    • 1: Apply
    • 2: File
    • 3: Pay
    • 4: Schedule
    • 5: Sit
    • 6: Work
    • 7: Apply for Certification
  •  
  • The CPA Exam: Helpful Sites
    • www.nasba.org
    • www.cpa-exam.org
    • www.prometric.com/cpa
    • www.ok.gov/oab
    • www.oklahomacpaexamblog.wordpress.com
    • www.oscpa.com/associate
    • Valuable careers begin here.
    • @OklahomaCPAs
    • LinkedIn: www.linkedin.com/in/saralorenzenlockhart
    • E-mail: slockhart@oscpa.com
    • Phone:(405)841-3800 or (800) 522-8261, ext. 3814.
    • Web: www.oscpa.com