Vermont

BOARD INFORMATION FOR REFERRALS:

Vermont Board of Public Accountancy
26 Terrace Street, Drawer 09
Montpelier, Vermont 05069
Phone: (802) 828-2837
Fax: (802) 828-2465
Website: www.vtprofessionals.org/opr1/accountants

DO PES COURSES QUALIFY FOR CPE IN THE STATE OF VERMONT? YES

Vermont recognizes courses from NASBA sponsors. PES is a registered sponsor with NASBA and has issued credits in Vermont without any problems.

LICENSE RENEWAL INFORMATION:

• 80 hours of CPE every 2 years
• Minimum of 40 hours a year
• 4 hours of ethics every 2 years. (PES course #4725: Ethics and Professional Conduct for Vermont CPAs fulfills this requirement.)
• 8 hour minimum in the subject of accounting and auditing every 2 years

LICENSE EXPIRATION INFORMATION:

• Biennially 7/31/odd years. (Next expiration 7/31/2009.)

CPE COMPLETION DUE BY:

• CPE must be completed 1 month prior to expiration date; next due date is 6/30/2009.

SELF STUDY CREDIT HOURS:

Credits granted for PES courses are based on the AICPA and NASBA (National Association of State Boards of Accountancy) statement of standards which grant 1 CPE credit for every 50-minutes of study time.

MAXIMUM ALLOWABLE SELF STUDY CREDITS:

Registrant may claim up to 80% (or 64 hours)

ACCEPTABLE AREAS OF STUDY:

Regulation States: a program qualifies "if it is a formal course of learning which contributes to the growth of professional knowledge and competence of an individual in the practice of public accountancy and meets the minimum standards... of NASBA" (which PES courses do).

Acceptable Areas: accounting and auditing, taxation, management, information technology, ethics (AICPA Code of Conduct and Vermont regulations), mathematics, statistics, probability and quantitative applications in business, economics, business laws, functional fields of business, and specialized area of industry. It then states: "other areas may be acceptable if the applicant can demonstrate they contribute to their professional competence."

If you have any questions regarding your CPE requirements, please call PES at 1-800-990-2731 or your State board. Updated 4/14/2008.

(PLEASE NOTE: Since state board regulations are constantly changing, the information contained here is deemed reliable however it is not guaranteed. We encourage you to contact your state board to answer any questions and confirm or clarify any requirements listed here.)

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