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Understanding the difference
It can be difficult remembering which organization, the MNCPA or the
Minnesota Board of Accountancy (BOA) handles what when it comes
to the CPA exam and certification. Use this quick reference to determine who to
contact to find the answers when you need them.
Minnesota Society of CPAs |
Board of Accountancy |
- Voluntary professional association that supports member CPAs and
aspiring CPAs
- Yearly membership renewal in February
- Provides tools, such as
Exam Tracker, to help
track CPA exam progress
- Celebrates recently certified CPAs at
recognition dinner
- Presents continuing
professional education that is compliant with BOA regulations
- Tracks continuing professional education in one place with the
MNCPA CPE Log
- Government relations
advocates on behalf of members for changes in BOA rules
- Consults with members to assist with BOA questions or to clarify
issues
- Answers ethics related questions and recommends corrective
action
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- Regulatory body that enforces the laws, rules and standards
governing the practice of accounting in Minnesota
- Mandatory renewal for all certificate holders (active and
inactive)
- Requires renewal each year by December 31.
Renew
online.
- Processes and approves CPA exam candidates
- Issues CPA certificates (and revokes) based on
rules established
by BOA
- Processes and approves applications to change CPA certificate
status (active to inactive or inactive to active)
- Regulates CPAs and firms licensed to practice public accounting
- Establishes
CPE rules and manages enforcement process with
annual random audits
- Answers ethics related questions and enforces ethical standards
of practice
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Want more information on the
Board of Accountancy? Give them a call at 651-296-7938.
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