2008 session update
Currently Minnesota CPAs renew their certificates annually. The
MNCPA supported legislation that will change the renewal process to
a three-year cycle beginning with the 2010 renewals. This change
will hopefully reduce the end-of-year administrative delays that
occur at the Board of
Accountancy (BOA). It should also reduce the possibility of a
CPA practicing without a current certificate because of delayed
processing at the BOA.
Why you should care
The BOA receives most of the requests for renewal in the last few
weeks of the year. Due to the volume received, renewals may not be
processed until after December 31. If a CPA's application is not
complete and processed by the BOA by December 31, the CPA will be
practicing without a valid certificate.
Changing to a three-year cycle reduces the administrative
workload of the BOA by 66% each year of the cycle. It also makes the
renewal process more efficient and user friendly. In addition to
this change, the law was changed to provide a provisional 90-day
license if a renewal is delayed because of action or lack or action
by the BOA.
If you are a CPA who generally waits until the end of the year to
renew, changing to a three-year renewal cycle should reduce delays
and the possibility of practicing without an active certificate.
MNCPA position
The MNCPA supports this change to the renewal process because it
will reduce, if not eliminate, the possibility of CPAs practicing
without an active certificate and increase the renewal process
efficiency.
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