South Carolina Continuing Professional Education (CPE) Requirement


Effective May 2012 New Ethics CPE Requirement,
Changes to the South Carolina Board of Accountancy’s Regulations went into effect in May 2012. The Board made the decision to implement the changes on January 1, 2013.

Below is the section of Regulation 1-08 that deals with the Ethics CPE:

(e) Of the required hours over a three (3) year period, six (6) of the hours must be in ethics, and at least two (2) of these hours must be in South Carolina Rules and Regulations.

The first three-year period will be from January 1, 2013, to December 31, 2015, and then every three years thereafter. For this first initial three-year period only, licensees who complete an ethics course between 5/25/2012 and 12/31/2012 may apply the hours toward their 2013-2015 requirement.

Courses for the SC Rules and Regulations requirement are being developed. The Board must pre-approve all Rules and Regulation courses. Once approved, the courses will be posted on the Board’s website.

New South Carolina licensees (who have never been licensed in another state) will be exempt from the Ethics CPE within the three-year period they were licensed in. This is due to the Ethics requirement to license.

Effective (2011), all South Carolina Board of Accountancy licensees are required to report Continuing Professional Education (CPE) credits to the Board. You must submit a completed CPE Reporting Form and the Certificates of Completion/Attendance for each reported self study course. 
You may obtain a copy of the updated form on the Board’s website at 
 www.llr.state.sc.us/POL/Accountancy/forms/CPE_Reporting_Form.pdf

You must complete all 2011 CPE within the calendar year (January 1, 2011 through December 31, 2011), and your CPE Reporting Form and documentation must be postmarked and in the mail no later than January 31, 2012.

If you have questions regarding CPE, you can refer to the FAQ section of the Board’s website at:  www.llr.state.sc.us/POL/Accountancy/index.asp?file=faq.htm#cpe

Additionally, Regulation 1-08, which details CPE rules and requirements, is available on the Board’s website at: www.llr.state.sc.us/POL/Accountancy/index.asp?file=Info/cpe.htm

Licensees who received their original license in 2011 are exempt from submitting a 2011 CPE Report.  You will be required to submit a 2012 CPE Report when you renew by February 1, 2013.  Licensees who received a Reciprocal license in 2011 will need to submit a 2011 CPE Report.

You also may contact the Board Office by email at accthelp@llr.sc.gov or by phone at (803) 896-4770.

NOTE:  The 2013 renewal will revert back to an annual basis.  All licenses and registrations must be renewed by February 1, 2013, and every year thereafter.

Effective June 25, 2010, Limiting self-study courses to only 20 hours per year, not allowing self-study as carryover. A 10 hour cap on the number of hours an individual can earn in a day. If a seminar will provide a meal the time dedicated to CPE must be separate and apart from the meal. (Regulation 1-08(A)(2)(b), Not more than fifty (50%) percent (20 hours) of the required hours may be in self study programs. supersedes 1-08(B)(4) All of the required CPE may be obtained using self-study courses.) Deletes the 8 hour teaching limitation per calendar year and adds rate of 10 hours for each three semester hour course taught. Also adds limitations and requirements for courses taught. Please click here for  Frequently Asked Questions regarding this change.

Effective January 1, 2007, CPE carry forward hours and CPE hours completed for the current year are to be reported either on your renewal form or during your online renewal session. We will conduct random CPE Audits. When a licensee is chosen for an audit, he or she must send us a completed CPE Report (If you need a CPE reporting form they are located in the Application/Forms section on the Board of Accountancy's website) for the current year and the two previous years. You must include certificates of completion for all self-study courses and certificates of attendance from any seminars attended.

Effective January 1, 2006, all CPE self-study course must be registered by QAS. One 50-minute period of instruction equals 1 CPE credit. One-half CPE credit increments (equal to 25 minutes) are permitted after the first credit has been earned in a given learning activity. The requirement of 40 credits per year with a maximum of 20 carry over hours stays the same. Personal Development also stays the same at the maximum of 8 credits per year with no carry over.

The Board adopted the AICPA Statement on Standards for Continuing Professional Education (CPE) Programs with the exception that it will not recognize Standard No. 5 Independent Study.

The overriding consideration is that the CPE program be one that is a formal program of learning that contributes directly to the professional competence of a licensee in public practice.

CPE WAIVER FOR PERSONS NOT IN PUBLIC PRACTICE
On July 22, 2004, when the Governor signed the new legislation into Law, the CPE Waiver was abolished. 

Frequently Asked Questions

What are the CPE Requirements for South Carolina?
Regulation 1-08 states the continuing professional education requirements for CPAs.

Can I earn hours through self-study?
South Carolina only allows self-study courses that have been approved by NASBA’s Quality Assurance Services (QAS). If the course material does not indicate that it has been approved by QAS then give the sponsor a call. In order to find courses that have been approved you can go to the NASBA website www.NASBA.org.

What are examples of personal development courses?
The SC Board of Accountancy has adopted NASBA’s 23 Subject Matter Areas for uniformity purposes.  NASBA defines Personal Development as:
Subjects related to the general development of personal skills including, but not limited to:
• Principle-Centered Leadership
• Career Planning
• Time-Management

To view all of NASBA's subject matter areas, please CLICK HERE
For a list of other frequently asked questions and answers CLICK HERE