OAR 801-040-0010
Basic Requirements

(1) Biennial CPE requirement for Active licensees. Each biennial renewal period, certified public accountants and public accountants must report satisfactory evidence of having completed 80 hours of continuing professional education (CPE) unless such requirement is waived by the Board under ORS 673.165 (Continuing education) and OAR 801-040-0150 (Waivers). The 80-hour CPE requirement must be completed as follows:
(a) At least 24 of the required 80 CPE hours must be completed in each year of the renewal period. Hours carried forward from the previous reporting period (carry-forward hours) may not be used to meet the minimum annual requirement.
(b) CPE hours must be completed during the two-year period immediately preceding the renewal date, except for carry-forward hours described in subsection (c) of this rule.
(c) A maximum of 20 CPE hours may be carried forward from one reporting period to the next and may be used in partial fulfillment of the 80 hour requirement.
(d) Credit for Nano-Learning is limited to 10% of the total required CPE hours for the biennium.
(e) CPE hours used for reinstatement may not be claimed on renewal application.
(2) Ethics CPE requirement. CPE hours in Oregon-specific ethics are included in the 80 hour requirement for each renewal period effective July 1, 2020.
(a) Licensees whose principal place of business is located in another jurisdiction may meet the ethics requirement of this rule by demonstrating compliance with the other jurisdiction’s professional conduct and ethics CPE requirement. The number of CPE Ethics hours that meets the Ethics requirement of such other jurisdiction will be accepted in Oregon, so long as the other jurisdiction requires the licensee to complete an ethics program as a condition of renewal.
(b) An active licensee whose principal place of business is in another jurisdiction that does not have a professional conduct and ethics CPE requirement must complete the ethics requirement described in subsection (2)(c) of this rule.
(c) All other active licensees are required to complete and report four hours of Oregon-specific CPE in ethics with each biennial renewal application, which may be satisfied by any ethics program approved by the Board.
(3) CPE ethics programs. CPE programs in ethics required by subsection (2) of this rule are eligible for CPE credit if the program is offered by a sponsor registered with the Board and includes information pertaining to each of the following topics:
(a) Oregon Administrative Rules and Oregon Revised Statutes pertaining to the practice of public accountancy;
(b) Examples of issues or situations that require an understanding of statutes, rules and case law relevant to all licensees;
(c) The Code of Professional Conduct adopted by the Board and set forth in OAR chapter 801, Division 030; and
(d) Review of recent case law pertaining to ethics and professional responsibilities for the accounting profession.
(4) Biennial CPE Requirements for Inactive Licensees. A licensee who is granted inactive status must:
(a) Obtain 32 hours of qualified continuing professional education during a two-year renewal period;
(b) Four CPE hours in Oregon-specific ethics are included in the 32 hour requirement for each renewal period effective July 1, 2020;
(c) A maximum of 8 hours may be in non-technical subjects; and
(d) A maximum of 8 CPE hours may be carried forward from one reporting period to the next and may be used in partial fulfillment of the 32 hour requirement.
(e) Licensees that do not meet the CPE requirements stated above will be assessed an 8 hour CPE penalty.

Source: Rule 801-040-0010 — Basic Requirements, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=801-040-0010.

Last Updated

Jun. 8, 2021

Rule 801-040-0010’s source at or​.us