Minnesota BOA adopts rules package
BOA Business
Anne Janotta Erickson, MNCPA membership marketing team leader | December 2023/January 2024 Footnote
Editor's note: Updated December 1, 2023
Have you been flipping through Minnesota Rules, Chapter 1105 and wondered,
“What’s changed here?”
Us, too.
Here’s the high-level scoop on the Minnesota Board of Accountancy’s (BOA) rules package update that went into effect Oct. 9, 2023.
Why the change?
This update clarifies and improves rules throughout Chapter 1105. CPAs will notice the most significant impacts to status changes, applications for individuals and firms, and continuing professional education.
Give me the highlights:
The Minnesota BOA has published a full recap of the changes on their site. Visit
https://boa.state.mn.us/News/BOA-2023Rules-Summary.pdf for the full read. Here’s a summary of key takeaways:
Status change impacts:
CPE requirements:
This change standardizes CPE requirements across all types of requests, including reactivation, application, renewal and status change.
Retiring CPAs, take note:
The CPE requirements to make a status change to retired are now clearly defined. Specifically, an active CPA must complete the required CPE and be in compliance with the one-year and three-year reporting requirements before switching to retired status.
Impacts to CPA candidates:
- AICPA Ethics Exam for CPA licensure expiration: This ethics exam is required to earn a Minnesota CPA certificate. It now must be completed and passed within six months preceding a candidate’s initial CPA certificate application. It can also be taken up to the point a certificate application expires (six months from date of initial application).
- Experience verification for CPA licensure: This change broadens who can verify a Minnesota candidate’s one year of work experience. The verifying CPA can now be certified in another jurisdiction, provided they hold an unexpired certificate in that state. Previously, verifying CPAs needed to be certified in Minnesota.
Application expiration:
An application for initial licensure now expires after six months. Candidates must reapply if their application expires before all materials are received by the BOA.
Questions?
Minnesota Rules, Chapter 1105 is regulated by the Minnesota BOA. They can be reached at 651-296-7938 or www.boa.state.mn.us.
We’re here to help you break down the rules impacting your certification.
Contact us at 952-831-2707 or
customerservice@mncpa.org.
