Activity Review
North Carolina State
Board of Certified Public
Accountant Examiners
1101 Oberlin Road, Suite 104, Post Office Box 12827, Raleigh, NC 27605-2827 (919) 733-4222 No. 12 2000
Certificate Renewals Will Be Mailed Early
North Carolina CPAs will find more
than holiday bills in their mailboxes in
late January and early February.
The Board will mail 2001-2002 cer¬
tificate renewal forms to all North
Carolina licensees in mid- to late Janu¬
ary. Although the certificate renewal
forms will be mailed about three
months earlier than usual, the annual
certificate renewal deadline will re¬
main June 30.
According to Robert N. Brooks, the
Board's Executive Director, the deci¬
sion to mail the renewal forms in Janu¬
ary, rather than April, was made by
the Board to accommodate licensees
and also to allow Board staff more
time to process the renewal forms.
Says Brooks, "Over the years, a
significant number of licensees have
asked the Board to consider mailing
the certificate renewal forms prior to
April 15."
"A majority of our licensees are in
industry, not public practice, and these
licensees have long expressed a desire
to complete and submit the certificate
renewal form soon after the deadline
for completing the annual continuing
professional education (CPE) require¬
ment."
"Pursuant to the Board's rule on
certificate renewal (21 NCAC8J .0101),
all active CPAs must renew their cer¬
tificates annually by July 1," explains
Brooks. "However, there is not a rule
that addresses when the Board must
send out the renewal forms. It just
makes sense to send out the renewal
forms early and let the licensees sub¬
mit the forms as early as they can."
Another benefit of extending the
certificate renewal period is the pro¬
jected "leveling out" of work flow for
the Board staff.
Buck Winslow, Manager of Licens¬
ing, believes that a large portion of
licensees will complete the renewal
form and submit it to the Board well
before the June 30 deadline.
"Because so many of the renewals
generally come in during late May and
June, every year the Board must hire
seasonal personnel to help process re¬
newals," explains Winslow.
"By spreading the renewal period
over five months instead of less than
three months, I think staff will be bet¬
ter able to keep up with the demand."
"I think a number of licensees will
complete the form and submit it to the
Board early, "says Winslow. "I cer¬
tainly hope that the licensees will take
advantage of the opportunity to sub¬
mit their renewal forms early."
Although the certificate renewal
deadline will remain June 30, licensees
are encouraged to complete and sub¬
mit their renewal forms as early as
possible.
If you have questions about the
renewal form, please contact the Board
by telephone at (919) 733-4222.
CPA Firm Renewal and
SQR Compliance Due
All CPA firms, individual practitio¬
ners, partnerships, professional lim¬
ited liability companies and regis¬
tered limited liability partnerships
must complete their CPA firm re¬
newal and SQR compliance form
and have it postmarked by Decem¬
ber 31, 2000.
Pursuant to 21 NCAC 8J .0111,
failure to submit the properly com¬
pleted form by the deadline may
result in disciplinary action by the
Board.
If your CPA firm has not re¬
ceived its form or if you have ques¬
tions about the form, please contact
the Board's Licensing Section by
telephone at (919) 733-1421 or
(919) 733-4223.
www.state.nc.us/cpabd
Inside this issue...
Board Meetings . 5
Certificates Issued . 4
CPE Conditionals . 2
Directory of Board Services . 7
Firm Renewal/SQR Deadline . 3
HUD Requires UII . 3
IRS Tax Help . 3
Licensing Activity . 2
Notice of Address Change . 8
Office Closed . 2
Reclassifications . 2
Rules Effective Jan. 1, 2001 . 6
SSARS No. 8 Released . 2
Statute Effective Jan. 1, 2001 . 5
