This website publishes administrative rules on their effective dates, as designated by the adopting state agencies, colleges, and
universities.
Rule |
Rule 4701-15-01 | Continuing education standards.
Effective:
December 25, 2014
A licensee seeking renewal of an Ohio permit shall demonstrate participation in learning activities that maintain and/or improve professional competence as guided by the "Statement on Standards for Continuing Professional Education Programs," jointly issued by the "National Association of State Boards of Accountancy" and the "American Institute of Certified Public Accountants."
Last updated July 18, 2024 at 9:09 AM
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Rule 4701-15-02 | Continuing education requirement.
Effective:
September 7, 2019
(A) Measurement of continuing education
is in terms of credits. The continuing education requirement for certified
public accountants and public accountants holding an Ohio permit, as defined in
division (A) of section 4701.10 of the Revised Code, is one hundred twenty
credits for each triennial reporting period. The triennial reporting period
begins on January first and ends on December thirty-first three years later. An
Ohio permit holder must complete a minimum of twenty credits annually. Failure
to complete twenty credits annually will result in a fine of ten dollars for
every credit deficient. (B) All Ohio permit holders must complete
the continuing education requirement defined in paragraph (A) of this rule by
December thirty-first each year. Credit earned after that date may not be
claimed toward fulfillment of the requirement unless the executive director,
subject to board approval, grants an extension of time in accordance with rule
4701-15-07 of the Administrative Code. (C) The continuing education requirement
for newly certified public accountants holding an Ohio permit is forty credits.
The two-year reporting period begins on January first of the year in which the
newly certified public accountant obtains the CPA certificate, and ends on
December thirty-first of the year following the year in which the newly
certified public accountant obtains the CPA certificate. There are no minimum
annual credit, or subject matter requirements during the initial two-year
reporting period. (D) An applicant whose status is expired,
suspended or revoked or the holder of a CPA certificate or PA registration who
wishes to obtain an Ohio permit, as defined in division (A) of section 4701.10
of the Revised Code, must first complete continuing education requirements in
accordance with rule 4701-15-09 of the Administrative Code. (E) A nonresident Ohio permit holder may
fulfill the Ohio continuing education requirements by meeting the continuing
education requirements of the state in which the Ohio permit holder's
principal office is located. If that state does not have a continuing education
requirement, then the nonresident Ohio permit holder must comply with the Ohio
continuing education reporting requirements.
Last updated July 18, 2024 at 9:09 AM
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Rule 4701-15-03 | Continuing education reporting.
Effective:
September 7, 2019
(A) All Ohio permit holders must provide
a statement to the board under penalty of perjury attesting to the continuing
education credits completed as of the date the Ohio permit is
renewed. (B) All Ohio permit holders are required
to maintain all records of continuing education credits reported. Ohio permit
holders are responsible for ensuring the quality of continuing education
received and documenting completion of all credits. Documentation must be
maintained until the end of the next reporting period. Upon request, the
licensee shall produce to the board verification of all credits
claimed.
Last updated July 18, 2024 at 9:09 AM
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Rule 4701-15-04 | Measurement of continuing education credit; types of programs.
Effective:
September 6, 2024
(A) Measurement of continuing education
is in terms of credits. The overriding consideration in determining whether a
specific program qualifies for continuing education credit is that it should be
a formal program of learning that contributes directly to the professional
competence of an Ohio permit holder. (B) For group programs, as defined as
part of "Standards for Continuing Professional Education" issued by
the "National Association of State Boards of Accounting" and
published on its website (www.nasba.org), a fifty-minute period equals one
continuing education credit. After fifty minutes has elapsed, each ten minute
period thereafter equals one-fifth credit. Eight credits may be given to a
classroom program offered during one day provided the actual session is at
least four hundred minutes in length, excluding breaks. (C) In terms of self-study, continuing
education credit may be earned at a minimum of ten minute
increments. (D) College courses earn ten credits per quarter hour, or fifteen
credits per semester hour, unless an Ohio permit holder earns additional credit
in accordance with the provisions of paragraph (I) of this rule. These courses
must appear and be awarded credit on an official transcript to qualify as
continuing education. (E) Time devoted to reading, computer tutorials, or other
self-study does not earn continuing education credit, unless the program
includes one or more examinations that require successful completion. The
self-study program will earn credit based on the program's average
completion time as determined by pilot testing. (F) An instructor or discussion leader of a continuing education
program may be awarded continuing education credit up to three times the credit
a program participant would receive. Time devoted to preparation for a
classroom program does not earn separate credit. Credit for teaching a
particular classroom program may be claimed only once each reporting period. A
maximum of ninety credits is allowed each reporting period. (G) The executive director, subject to board approval, shall
evaluate continuing education credit claimed for publications or other special
learning activities, and may require that the Ohio permit holder submit
appropriate documentation to support the credit claimed. (H) Continuing education credit awarded
for passing major professional examinations that have been approved by the
executive director, subject to board approval, is ten credits per hour if the
total examination session is at least three continuous hours in length, up to a
maximum of forty credits per session. The credit will be awarded in the year
the Ohio permit holder obtains certification. (I) The executive director, subject to board approval, may
increase the continuing education credit awarded to a group program as defined
in paragraph (B) or (D) of this rule, and award such additional credit to an
Ohio permit holder in the year the Ohio permit holder successfully completes
the program. Such a program must include one or more examinations that require
successful completion to qualify for additional credit. The board may specify
the amount of such additional credit awarded, as well as passing scores or
grades required to earn such additional credit. (J) The holder of an Ohio permit may earn
five continuing education credits, up to twenty continuing education credits
per triennial reporting period, by serving as an Ohio precinct election
official. A "precinct election official" means a person who has
completed, for each election served, both the precinct election official
training required and a full day as a precinct election official for an Ohio
county board of elections on the associated election day. Service as a poll
watcher or observer does not earn continuing education credit.
Last updated September 6, 2024 at 8:13 AM
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Rule 4701-15-05 | Requirements for continuing education program acceptance.
Effective:
September 7, 2019
(A) Formal continuing education programs
shall be acceptable if the licensee retains the appropriate supporting
documentation and if: (1) An outline is
prepared and preserved by the program sponsor. (2) The program is at
least fifty minutes in length, except as provided in paragraph (C) of rule
4701-15-04 of the Administrative Code. (3) The program is
conducted by a qualified instructor, discussion leader or
lecturer. (4) A record of
registration or attendance is maintained by the program sponsor. (5) All items described
in paragraphs (A)(1) to (A)(4) of this rule are provided to the board upon
request. (B) The following are deemed acceptable provided the requirements
in paragraph (A) of this rule are met: (1) Professional
development education provided by the "American Institute of Certified
Public Accountants," the "National Society of Accountants," and
state accounting societies and their chapters. (2) Technical education
provided by the "American Institute of Certified Public Accountants,"
the "National Society of Accountants," and state accounting societies
and their chapters. (3) University or college
courses completed for credit, that appear on an official
transcript. (4) Formal organized
public accounting firm educational programs. (5) Continuing education
providers that are approved by an accountancy board of another state,
territory, or political subdivision of the United States. (6) Continuing education
providers that are approved by the "National Association of State Boards
of Accountancy." (7) Continuing education
providers registered under the provisions of rule 4701-15-10 of the
Administrative Code. (8) Continuing education
programs taken from other providers for which the Ohio permit holder has
supporting documentation. (C) The executive director, subject to board approval, may
require either sponsors of continuing education programs or Ohio permit holders
to furnish proof of attendance or completion of a continuing education program,
course material, or any other information the board deems essential for
verification purposes. (D) Valid continuing education credit earned under the laws of
another state, territory, or political subdivision of the United States may be
used toward fulfillment of the Ohio continuing education
requirements. (E) The right is specifically reserved to the executive director,
subject to board approval, to disapprove credit claimed for any continuing
education program that does not meet the requirements of this
rule.
Last updated July 18, 2024 at 9:10 AM
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Rule 4701-15-06 | Reduction of continuing education requirement.
Effective:
September 7, 2019
(A) The executive director, subject to
board approval, may grant a reduction of continuing education requirements to
an Ohio permit holder who presents appropriate documentation for health
reasons, active military duty in the armed forces of the United States, or
other just cause that would prevent or cause undue hardship in meeting
continuing education requirements. (B) Any reduction granted is valid for
one reporting period. (C) "Military" means the armed
forces of the United States or a reserve component of the armed forces of the
United States, including the Ohio national guard or the national guard of any
other state. Military spouses are included in this definition.
Last updated July 18, 2024 at 9:10 AM
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Rule 4701-15-07 | Continuing education deficiency; late filing fee.
Effective:
September 6, 2024
(A) The executive director, subject to
board approval, may grant an Ohio permit holder who is deficient in the
required continuing education at the renewal date an extension of time, not to
exceed ninety days, to correct the deficiency. The Ohio permit holder shall
provide the board with an anticipated date of completion and must provide
appropriate documentation to the board that describes the circumstances
supporting the extension request. The Ohio permit holder must submit
verification of the completed continuing education by the extension date
specified. (B) An Ohio permit holder who fails to
comply with all the terms and conditions of the extension as approved by the
executive director, subject to board approval, shall have his or her Ohio
permit placed into expired status. (C) An Ohio permit holder who is
deficient in continuing education requirements at the time of renewal, and does
not receive an extension of time prior to renewal, will be assessed a
noncompliance fine of one hundred dollars for each full month or part of a
month until the continuing education requirements have been met. This fee will
be assessed at the time of submission. (D) An Ohio permit holder who receives
disciplinary action from the board based on a failure to comply with continuing
education requirements will be subject to ongoing continuing education
verification for at least two triennial reporting periods.
Last updated September 6, 2024 at 8:13 AM
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Rule 4701-15-09 | Converting to Ohio permit status.
Effective:
September 7, 2019
(A) An applicant whose status is expired,
suspended or revoked, or the holder of a CPA certificate or PA registration who
holds an Ohio registration defined in division (B) of section 4701.10 of the
Revised Code, and who wishes to obtain the Ohio permit defined in division (A)
of section 4701.10 of the Revised Code must first complete continuing education
as follows: (1) A total of one
hundred twenty credits of continuing education within the thirty-six months
prior to application for an Ohio permit. (2) Within the total of
one hundred twenty continuing education credits enumerated in paragraph (A)(1)
of this rule, at least three continuing education credits in professional
standards and responsibilities approved by the board that emphasizes Chapter
4701. of the Revised Code and agency 4701 of the Administrative Code, earned in
the three-year period preceding application for the Ohio permit. (3) Within the total of
one hundred twenty continuing education credits enumerated in paragraph (A)(1)
of this rule, at least twenty-four credits in the fields of accounting,
auditing, assurance or attestation standards. (4) Within the total of
one hundred twenty continuing education credits enumerated in paragraph (A)(1)
of this rule, at least twenty-four credits in the field of
taxation. (B) The executive director, subject to
board approval, may adjust the requirements of paragraph (A)(3) or (A)(4) of
this rule upon showing of good cause by the holder or applicant.
Last updated July 18, 2024 at 9:10 AM
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Rule 4701-15-10 | Continuing education sponsor registration.
Effective:
September 7, 2019
(A) A provider of continuing education
programs not specifically listed in paragraphs (B)(1) to (B)(6) of rule
4701-15-05 of the Administrative Code may apply for registration with the
board. Sponsor registration shall be on a form provided by the board, and shall
include the following information: (1) The name and address
of the sponsor; (2) The name, address,
and telephone number of the person in charge of the continuing education
programs offered by the sponsor; (3) A general description
of the method by which the program content is delivered and the subject areas
offered for credit; (4) The qualifications of
the continuing education program instructors or course developers; (5) Specific information
concerning the continuing education programs to be offered, including the
following: (a) Outlines of the continuing education programs to be
offered; (b) A description of course materials or electronic files to be
used in the programs. The board may require a registered sponsor provide actual
course materials or electronic files separately. (6) A statement that the sponsor agrees
to comply with both the continuing education standards applicable to sponsors
defined in rule 4701-15-01 of the Administrative Code and the board's
continuing education verification process defined in rule 4701-15-12 of the
Administrative Code. In exchange for this agreement, the sponsor will be
permitted to state this fact, as well as the fact of its registration with the
board, on its promotional material. (B) The board will maintain a list of registered sponsors. All
registered sponsors must renew their registration with the board every year.
All registered sponsors approved to offer continuing education programs
covering the board's professional standards and responsibilities
requirement described in paragraph (C) of rule 4701-15-11 of the Administrative
Code must provide documentation of any change in the information outlined in
paragraph (A) of this rule to the board. A sponsor that fails to renew its
registration in a timely manner or that fails to comply with either the
continuing education standards applicable to sponsors defined in rule
4701-15-01 of the Administrative Code or the board's continuing education
verification process defined in rule 4701-15-12 of the Administrative Code will
be removed from the board's list of registered sponsors.
Last updated July 18, 2024 at 9:10 AM
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Rule 4701-15-11 | Required continuing education programs.
Effective:
September 6, 2024
(A) An Ohio permit holder who performs
accounting, auditing, assurance or attestation engagements, prepares any
financial report, or signs any financial report in accordance with the
professional standards defined in rule 4701-9-03, 4701-9-04, 4701-9-05, or
4701-9-06 of the Administrative Code shall complete at least twenty-four
continuing education credits in the fields of accounting, auditing, or
attestation standards during the three-year reporting period specific to the
types of services provided by the Ohio permit holder. (B) An Ohio permit holder who performs tax work on any
engagement, prepares any tax return, or signs any tax return as a certified
public accountant or public accountant in accordance with the professional
standards defined in rule 4701-9-09 of the Administrative Code shall complete
at least twenty-four continuing education credits in the field of taxation
during the three-year reporting period specific to the types of services
provided by the Ohio permit holder. (C) All Ohio permit holders - each three-year reporting period -
must complete three continuing education credits covering the applications of
professional standards and responsibilities. The following guidelines are
applicable: (1) The executive
director, subject to board approval, shall review and approve sponsors,
instructors, and courses of professional standards and responsibilities. Such
courses may cover the subjects of Ohio accountancy law and board rules,
professional ethics, ethical philosophy, or the accountancy laws and rules
promulgated by another state accountancy board. (2) The executive director, subject to
board approval, may approve a program in professional standards and
responsibilities of fewer than three credits. (3) The board may require
that any certified public accountant, public accountant, or staff member of a
public accounting firm that is the subject of a disciplinary action by the
board complete a program approved by the executive director, subject to board
approval that emphasizes Ohio accountancy law defined in Chapter 4701. of the
Revised Code, and board rules defined in agency 4701 of the Administrative
Code.
Last updated September 6, 2024 at 8:13 AM
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Rule 4701-15-12 | Continuing education verification.
Effective:
September 6, 2024
(A) The board annually conducts a
verification of continuing education programs claimed for continuing education
credit by selected Ohio permit holders. Consequently, an Ohio permit holder
must retain evidence to support fulfillment of the continuing education
requirement until the end of the next reporting period. (B) An Ohio permit holder who fails to
verify or document completion of the continuing education required at the time
of renewal will be assessed a noncompliance fine of one hundred dollars for
each full month or part of a month until the continuing education requirements
have been met. This fee will be assesssed at of the time of
submission. (C) An Ohio permit holder who completes a
continuing education program taken from an unregistered sponsor may be required
to submit the following documentation to the board: (1) Qualifications of
course instructors or course developers; (2) Continuing education
program course materials; (3) Official lists of
persons attending or completing the continuing education program. (D) During the board's annual
verification of reported continuing education, programs taken from registered
sponsors may be verified by contact with either the sponsor or the Ohio permit
holder. Programs taken from unregistered sponsors may be verified by contact
with the Ohio permit holder. (E) A licensee who renews an Ohio permit
after the board's posted renewal deadline must submit to the board
documentation verifying completion of the continuing education requirement in
effect at the time of renewal. (F) Failure to comply with the provisions
of this rule shall be a violation of division (A)(4) of section 4701.16 of the
Revised Code.
Last updated September 6, 2024 at 8:13 AM
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Rule 4701-15-13 | Continuing education requirements of non-CPA owners.
Effective:
September 7, 2019
Any individual who does not hold an Ohio permit or
a foreign certificate, or a professional license, registration, or
certification issued by this state, or another state and who holds an equity
interest in a public accounting firm, shall comply with the continuing
education requirements in rule 4701-15-02 of the Administrative Code.
Last updated July 18, 2024 at 9:10 AM
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