Activity Review
North Carolina State
Board of Certified Public
Accountant Examiners
1101 Oberlin Rd., Ste. 104 • PO Box 12827 • Raleigh, NC 27605 • 919-733-4222 • www.nccpaboard.gov • No. 12-2010
Important December Deadlines
December 31, 2010, is the deadline for
submitting2011 CPA firm renewal and
peer review compliance information to
the Board.
In November, the Board notified all
registered CPA firms that each firm must
renew its registration and provide peer
review compliance information (if ap¬
plicable) online through the Boa rd's web
site, www.nccpaboard.gov.
For additional information regard¬
ing the online firm renewal
/
peer review
compliance process, please see the No¬
vember issue of the Activity Review.
If a CPA firm fails to comply with
any part of 21 NC AC 08J, Renewals and
Registrations, or 21 NCAC 08 M, Peer Re¬
view Program, the Board may take disci¬
plinary action against the CPA firm's
members as specified in 21 NCAC
08]. 0111 and 21 NCAC 08M .0106.
Such action may include a condi¬
tional license, civil penalty, and suspen¬
sion of each CPA firm member's CPA
certificate.
December 31 is also the date by
which active CPAs must complete tire
annual CPE requirement to be eligible
for certificaterenewal for the 2011-2012
license period.
As part of the annual CPE require¬
ment, active licensees must complete at
least eight (8) hours of non-self-study
CPE each year.
All active licensees must also com¬
plete a Board -approved two-hour group-
study ethics course or a Board-approved
four-hour self-study ethics course.
A non-resident licensee may sat¬
isfy the ethics CPE requirement by com-
pleting the ethics requirement in the
jurisdiction in which he or she is li¬
censed 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 list of Board-approved ethics
CPE courses is available on the Board's
website, www.nccpaboard.gov.
If a CPA fails to complete the CPE
requirement on or before December 31,
2010, but completes the required CPE by
June 30, 2011, the Board may issue a
Letter of Warning to the licensee for the
first such failure within a five (5) calen-
daryearperiod.
For the second such failure within a
five (5) calendar year period, the Board
may deny the renewal of the CPA's cer¬
tificate for a period of not less than 30
days and imtil the CPA meets the rein¬
statement requirements set forth in
21 NCAC 08] .0106 .
If you have questions about firm
renewal, peer review compliance, or the
CPE requirement, please contact
Cammie Emery by e-mail at
cemery@nccpaboard.gov or by phone
at (919) 733-1423. You may also contact
Buck Winslow by e-mail at
buckw@nccpaboard.gov orby phone at
(919) 733-1421.
Check Your CPE
Carryforward Online
Need to know how many
carryforward CPE hours you have?
To verify
у
our CPE hours, use the
"Licensee Search" function of the
website (www.nccpaboard.gov) to
search for yourself using your name,
certificate number, or Social Security
number.
After your record is displayed,
click on the "details" link. The num¬
ber of CPE carryforward hours will
be displayed below your address and
telephone number.
If there is a discrepancy in the
number of carryforward hours,
please contact Cammie Emery by e-
mail at cemery@nccpaboard.gov or
by phone at (919) 733-1423.
In This Issue...
201 1 Board Calendar . 7
Board Office Closed . 3
Board Milestone: Phyllis Elliott . 5
Certificates Issued . 5
Changes in Exam Times, Fees . 4
Disciplinary Actions . 2
Disciplinary Actions Resulting
from CPE Audit . 4
Do You Have Your PTIN? . 6
FAQs about the PTIN
Requirement . 6
Reclassifications . 3
