Activity Review
North Carolina State
Board of Certified Public
Accountant Examiners
1101 Oberlin Road, Suite 104 • PO Box 12827 • Raleigh, NC 27605 • 919-733-4222 • No. 12-2008
Important December Deadlines
December 31, 2008, is the deadline for
submitting 2009 CPA firm renewal and
peer review compliance information to
the Board and is the date by which
CPAs must complete the CPE require¬
ment to be eligible for certificate re¬
newal for the 2009-2010 license period.
In November, the Board notified
all registered firms that the firms must
renew their registrations and provide
peer review compliance information
online through the Board’s web site,
www.nccpaboard.gov.
For additional information regard¬
ing the online firm renewal /peer re¬
view compliance process, please see
the November 2008 issue of the Activity
Review.
If a CPA firm fails to comply with
any part of 21 NCAC 08], Renewals and
Registrations or 21 NCAC 08M, Peer
Review Program, the Board may take
disciplinary action against the CPA
firm’s members as specified in 21 NCAC
08J. 0111 and 21 NCAC 08M .0106.
Such action may include a condi¬
tional license, civil penalty, and sus¬
pension of each CPA firm member's
CPA certificate.
To be eligible for certificate renewal
in 2009, active licensees must complete
the CPE requirement by December 31,
2008.
As part of the annual CPE require¬
ment, active licensees must complete at
least eight hours of non-self-study CPE
each year. All active licensees must also
complete either a Board-approved two-
hour group-study course or a Board-
approved four-hour self-study course
on professional ethics and conduct.
A non-resident licensee may sat¬
isfy this requirementby completing the
ethics requirements in the jurisdiction
in which he or she is licensed and works
or resides.
If there is no ethics CPE require¬
ment in the jurisdiction in which the
individual is licensed and resides or
works, he or she must complete one of
the Board's approved ethics CPE
courses.
A complete list of Board-ap¬
proved ethics CPE courses is avail¬
able on the Board's web site, www
.nccpaboard.gov.
If a CPA fails to complete the CPE
requirements prior to the end of the
previous calendar year, but completes
them by June 30, the Board may issue a
letter of warning for the first such fail¬
ure within a five calendar year period.
For the second such failure within
a five calendar year period, the Board
may deny the renewal of the CPA’s
certificate for a period of not less than
30 days and until the CPA meets the
reinstatement requirements set forth in
21 NCAC 08] .0106 .
If you have questions about firm
renewal, peer review compliance, or
the CPE requirement, you may contact
Cammie Emery by phone at
(919) 733-1423 'or by e-mail at
cemery@nccpaboard.gov or you may
contact Buck Winslow by phone at (919)
733-1421 or by e-mail at
buckw@nccpaboard.gov.
Renewal of Notification of
Intent to Practice Permits
At its October 20, 2008, meeting, the
Board voted to automatically renew
all Notification of Intent to Practice
permits* currently on file with the
Board.
This is the third year that the
Board has eliminated the need for
Notificationof Intent to Practice per¬
mit holders to submit a renewal form
and renewal fee.
Each permit holder is encour¬
aged to check his or her licensing
record on the Board's web site,
www.nccpaboard.gov, to make sure
that his or her contact information is
correct. If the contact information is
not correct, please use the online
address change feature to update
the contact information.
If you have questions, please
contact Buck Winslow by telephone
at (919) 733-1421 or by e-mail at
buckw@nccpa board.gov.
*A11 permits with an expiration
date of
12/31/2008
have been
automatically renewed to an
expiration date of
12/
31
/2009.
www.nccpaboard.gov
In This Issue...
2009 Board Calendar . 7
2009 Board Meeting Dates . 3
Declaratory Ruling . 2
Certificates Issued . 5
Notice of Address Change . 8
Reclassifications . 6
