How to Become a CPA in Idaho | Unlocking Your Potential


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Idaho CPA

In Idaho, becoming a Certified Public Accountant (CPA) is a rewarding and fulfilling career path for those interested in finance, accounting, or aspiring Limited Liability Company owners. CPAs are in high demand and enjoy lucrative salaries, job security, and growth opportunities. In Idaho, as in any other state, aspiring CPAs must fulfill certain educational, experience, and examination requirements to become licensed. This comprehensive guide will walk you through the steps to Becoming a CPA in Idaho and provide valuable tips and resources to help you succeed.

Webinarcare Editorial Team will help you gain knowledge through thorough research and market study. Before you become a CPA, all the steps in this article must guide you.

What is a CPA?

A CPA, or Certified Public Accountant, is a professional accountant who meets the educational, examination, and experience requirements to become licensed in Idaho. CPAs are accounting, finance, and taxation experts, providing valuable services to individuals, businesses, non-profit organizations, and government agencies.

In Idaho, CPAs are licensed and regulated by the Idaho Board of Accountancy, ensuring that they adhere to strict professional and ethical standards. CPAs in Idaho offer a range of services, including but not limited to:

  • Tax planning and preparation for individuals, LLCs, and corporations
  • Financial statement preparation and analysis
  • Auditing and assurance services
  • Idaho Business Consulting
  • Internal control and risk management
  • Forensic accounting and fraud investigation

As a CPA, one can work in various sectors, including public accounting firms, Idaho Corporations, government agencies, non-profit organizations, or as a self-employed professional. Regardless of the specific role, a CPA has the necessary knowledge, skills, and expertise to help clients navigate the complexities of financial management and make informed decisions.

To maintain their CPA license in Idaho, CPAs must also adhere to continuing professional education (CPE) requirements, ensuring that they stay up-to-date with current accounting standards, tax regulations, and industry best practices. This ensures Idaho CPAs provide their clients with the highest service and expertise.

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How to Become a CPA in Idaho

Suppose you’re considering becoming a CPA in Idaho. In that case, it’s important to understand the steps and requirements involved in obtaining your license and starting your professional journey. This step-by-step guide will walk you through becoming a CPA.

Step 1: Fulfill The Educational Requirements

The first step to becoming a CPA in Idaho is to complete the necessary education requirements. The Idaho Board of Accountancy requires CPA candidates to hold a bachelor’s degree or higher from an accredited college or university. Additionally, candidates must complete 150 semester hours of college education, including specific coursework in accounting and business.

Accounting Coursework

In Idaho, CPA candidates must complete at least 24 semester hours in accounting courses, including:

  • Financial Accounting
  • Managerial Accounting
  • Auditing
  • Taxation
  • Accounting Information Systems
  • Governmental or Not-For-Profit Accounting

It is important to note that introductory accounting courses may not be counted towards the 24-hour requirement.

Business Coursework

In addition to accounting courses, CPA candidates in Idaho must also complete at least 24 semester hours in business-related courses, such as:

  • Business Law
  • Economics
  • Finance
  • Management
  • Marketing
  • Statistics

Some states also require specific coursework, such as Idaho-specific ethics courses, so check with the Idaho Board of Accountancy for any unique requirements.

Here is the coursework breakdown for becoming a CPA in Idaho.

Accounting CourseworkBusiness Coursework
Financial AccountingBusiness Law
Managerial AccountingEconomics
AuditingFinance
TaxationManagement
Accounting Information SystemsMarketing
Not-For-Profit AccountingStatistics

Step 2: Pass The Uniform CPA Examination

After completing the educational requirements, the next step to becoming a CPA in Idaho is to pass the Uniform CPA Examination on the NASBA website.

NASBA

The CPA Exam is a comprehensive, four-part test designed to assess a candidate’s knowledge and skills in accounting and business. The four sections of the CPA Exam are:

  • Auditing and Attestation (AUD)
  • Business Environment and Concepts (BEC)
  • Financial Accounting and Reporting (FAR)
  • Regulation (REG)

Each section of the CPA Exam is scored on a scale of 0 to 99, with a passing score of 75 or higher required for each section. The CPA Exam is administered by the American Institute of Certified Public Accountants (AICPA) and is offered at Prometric testing centers throughout the United States and, more specifically, in Idaho.

CPA Exam Application Process

To apply for the CPA Exam in Idaho, candidates must first create an account with the National Association of State Boards of Accountancy (NASBA). Once an account is created, candidates can submit their applications and send their official college transcripts to NASBA for evaluation. NASBA will then determine the candidate’s eligibility to sit for the CPA Exam based on their education and will provide an Authorization to Test (ATT) once approved. The required fee for the Idaho CPA exam application costs $743.60 (4 exam sections) + $150 application fee.

CPA Exam Scheduling

Once candidates receive their ATT, they can schedule their CPA Exam sections at a Prometric testing center. The CPA Exam is offered during four testing windows throughout the year:

  • January 1 – March 10
  • April 1 – June 10
  • July 1 – September 10
  • October 1 – December 10

It is important to note that candidates must pass all four sections of the CPA Exam within an 18-month window, which begins upon passing the first section. If a candidate does not pass all four sections within this time frame, they will lose credit for the oldest passed section and must retake it.

Step 3: Complete The Experience Requirement

In addition to education and examination requirements, CPA candidates in Idaho must fulfill an experience requirement to become licensed. The Idaho Board of Accountancy requires candidates to complete at least one year (or 2,000 hours) of supervised work experience in accounting, auditing, tax, or management advisory services.

A licensed CPA must supervise the work experience with an active license in Idaho or another jurisdiction with substantially equivalent requirements. It is important to note that the experience requirement must be completed within a timeframe of, at most, 36 months.

It is recommended that CPA candidates keep detailed records of their work experience, including dates, hours, tasks, and supervisor information. This documentation will be required when applying for licensure with the Idaho Board of Accountancy.

Step 4: Pass The Idaho Ethics Exam

Candidates must also pass an ethics exam before becoming a licensed CPA in Idaho. The Idaho Board of Accountancy may require a specific ethics course and exam, or candidates may be required to take the AICPA Professional Ethics Exam. This self-study course and exam cover ethical reasoning, independence, integrity, objectivity, and professional conduct. Candidates must score 90% or higher on the ethics exam to pass.

Step 5: Apply For Licensure

Once all educational, examination, and experience requirements have been met, CPA candidates can apply for licensure with the Idaho Board of Accountancy. Candidates must apply, pay $100 initial license fee, $95 biennial renewal, and document their education, examination scores, work experience, and ethics exam completion.

After the Idaho Board of Accountancy reviews and approves the application, candidates will be issued their CPA license and can begin practicing as a Certified Public Accountant in Idaho.

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How Much Does a CPA Make?

The salary of a Certified Public Accountant (CPA) can vary greatly depending on factors such as years of experience, industry, company size, and job location. The average salary range for a CPA in Idaho is between $60,000 and $120,000 annually.

Entry-level CPAs with less than one year of experience can expect to earn an average salary of around $50,000 to $60,000 per year. As CPAs gain experience, their earning potential typically increases. Those with five to nine years of experience can earn an average salary of $70,000 to $90,000 per year, while CPAs with more than ten years of experience can earn upwards of $100,000 or more annually.

In Idaho, CPAs working in metropolitan areas or specialized industries, such as finance or technology, may command higher salaries than those in smaller cities or industries with lower demand for accounting services.

Additionally, obtaining specialized certifications, such as the Certified Management Accountant (CMA) or Certified Information Systems Auditor (CISA), or pursuing advanced degrees can further increase a CPA’s earning potential in accounting and finance.

FAQs

What are the educational requirements to become a CPA in Idaho?
Applicants in Idaho must have completed a bachelor’s degree or higher from an accredited institution.
What kind of coursework is required to become a CPA in Idaho?
The Idaho State Board of Accountancy requires 24 semester hours of business-related coursework.
How can I qualify as a CPA in Idaho?
Successful completion of the Uniform CPA Examination, which is administered nationally by the American Institute of CPAs, is required in Idaho.
What is the Uniform CPA Exam?
The Uniform CPA Exam is a comprehensive exam covering accounting, auditing, taxation, business law and ethics.
What is the passing score for the Uniform CPA Exam in Idaho?
Candidates must receive a passing score of 75 or higher on each section of the Uniform CPA Exam.
How long does the Uniform CPA Exam take to complete?
The exam takes approximately 14 hours to complete over a two-day period, with four test sections.
Can I take the Uniform CPA Exam prior to graduation?
No, graduation from an accredited college or university is required to sit for the Uniform CPA Exam.
How long does it take to become a CPA in Idaho?
It typically takes around 4-5 years to complete the required education and sit for the Uniform CPA Exam in Idaho.
How much does it cost to become a CPA in Idaho?
The cost of becoming a CPA in Idaho includes education expenses, exam fees, application fees, and licensure fees; it can exceed $10,000.
Are there any experience requirements to obtain a CPA license in Idaho?
Yes, a minimum of two years of experience working in the accounting field is required in Idaho.
Does Idaho participate in the CPA Exam Score release process?
Yes, Idaho follows the CPA Exam Score release process.
How can I apply to take the Uniform CPA Exam in Idaho?
All applications are submitted through the National Association of State Boards of Accountancy (NASBA).
How long does it take to receive my CPA Exam results in Idaho?
Results are typically posted online within a week of the exam date.
Can I transfer my scores from another state to the State of Idaho for CPA licensure purposes?
Yes, you can transfer your scores, however, eligibility requirements must be met in order to being licensed in Idaho.
What are the eligibility requirements for CPA licensure in Idaho?
A minimum score of 80 on the CPA Exam is required, as well as completion of a bachelor’s degree program with 24 semester hours in business courses.
What is the highest score one can obtain on the CPA Exam?
The highest possible score is 99 or a perfect score, however, candidates are required to score a 75 on each exam section in order to pass that section.
How long are my scores valid on the CPA Exam before I need to retake the exam?
Scores are valid for 18 months from the date of the exam section successfully passed.
How many times can I take the Uniform CPA Exam in Idaho?
There is no limit to the number of times someone can attempt the CPA Exam.
Is an ethics exam required for my CPA license application in Idaho?
Yes, all CPA applicants in Idaho must pass the AICPA Professional Ethics Exam.
Is Idaho a two-tier or a three-tier state for professional licensure?
Idaho follows the two-tier system which requires candidates pass the CPA Exam and meet experience requirements.
Does Idaho grant reciprocity for CPAs licensed in other states?
Yes, CPA licenses are reciprocal in Idaho for individuals coming from a state that requires a passing score of 80.
How often does a licensed CPA need to renew their license in Idaho?
CPAs must exist every two years in Idaho to maintain their licensed status.
What is the renewal fee for a CPA license in Idaho?
The renewal fee for a CPA license in Idaho is around $150 every two years.
Must CPE be completed for license renewal in Idaho?
Yes, licensees must complete at least 80 hours of continuing education for their CPA license to be renewed in Idaho.
How many CPE hours are needed for license renewal in Idaho?
80 hours need to be completed within a two-year cycleat are required for license renewal in Idaho.
Are there any specific CPE requirements for Idaho CPA license renewal?
No specific topics are prescribed by the State Board, but they do have stringent standards on verifying independent study.
How can I find a proctor for the AICPA Professional Ethics Exam?
Proctors can be located through the Idaho Board’s website.
What is the application fee for a CPA license in Idaho?
Currently, the application fee is is $130 as of January 2022.
What are the education requirements to become a CPA in Idaho?
You must have a bachelor’s degree or higher in accounting or related field from an accredited institution.
Is there a residency requirement to become a CPA in Idaho?
No, there is not a residency requirement to become a CPA in Idaho.
What is the minimum age requirement to become a CPA in Idaho?
There is no minimum age requirement to become a CPA in Idaho.
How many hours of coursework in accounting do I need to become a CPA in Idaho?
You need 24 semester hours or equivalent quarter hours in upper-division or graduate-level accounting.
Are there any ethics requirements to become a CPA in Idaho?
Yes, you must complete 3 semester hours or equivalent quarter hours of ethics coursework.
How many years of work experience do I need to become a licensed CPA in Idaho?
You need 2 years of work experience under a licensed CPA or equivalent.
Is there a specific order to the CPA exam parts in Idaho?
No, there is not a specific order of exam parts required in Idaho.
Is there a time limit to complete the CPA exam in Idaho?
Yes, you have 18 months to pass all four parts of the CPA exam in Idaho.
How many attempts do I get to pass the CPA exam in Idaho?
There is no limit to how many times you can take the CPA exam in Idaho.
How much does it cost to apply to become a CPA in Idaho?
The cost to apply to become a CPA in Idaho is $200.
How often do I need to renew my CPA license in Idaho?
CPAs must renew their licenses every 3 years in Idaho.
How many hours of CPE do I need to complete each year in Idaho?
CPAs in Idaho need to complete 80 hours of CPE every 2 years.
Can I take the CPA exam in a different state than where I am seeking licensure in Idaho?
Yes, you can take the CPA exam in any jurisdiction that offer the exam, including Idaho.
Can I transfer my CPA license from another state to Idaho?
Yes, you can apply for licensure by reciprocity if you already hold a CPA license in another state.
Is there a fee for transferring my CPA license to Idaho?
Yes, there is a fee of $750 for transferring your CPA license to Idaho.
Are there any additional requirements to transfer my CPA license to Idaho from another state?
You will need to pass the Idaho laws and rules exam if you wish to practice in Idaho with a license from another state.
Is there a requirement to be a US citizen to become a CPA in Idaho?
No, there is no US citizenship requirement to become a CPA in Idaho.
What does the Idaho laws and rules exam entail?
The Idaho laws and rules exam is a 50 question, multiple choice exam covering the rules and regulations of practicing as a CPA in Idaho.
Can I practice as a CPA in the state of Idaho if I am not an Idaho resident?
Yes, you can practice as a CPA in Idaho if you hold a valid license in the state.
How long does it typically take to become a licensed CPA in Idaho?
It can take anywhere from 2-4 years to become a licensed CPA in Idaho, depending on how long it takes you to pass the exam, complete work experience, and meet additional requirements.
Are there any additional fees required to maintain my CPA license in Idaho?
Yes, there is a $150 fee required for license renewals.
Can I apply for a CPA license in Idaho if my criminal record is not clean?
Your criminal record will be reviewed by the board on a case-by-case basis; however, having a criminal record does not automatically disqualify you from applying for licensure.
Does Idaho require a Social Security number to apply for a CPA license?
Yes, you need a valid Social Security number to apply for a CPA license in Idaho.
Is there a limit to how many CPAs can be licensed in Idaho?
No, there is no limit to how many CPAs can be licensed in Idaho.
How long does it take to get my CPA license application reviewed in Idaho?
The Professional Boards office typically takes 4-6 weeks to complete a full application review.
Can I practice as a CPA in Idaho without being licensed?
No, you cannot legally practice as a CPA in Idaho without holding a valid CPA license.
Can I register for the CPA exam before I complete my education requirement in Idaho?
Yes, you can register to take the CPA exam before completing all of the education requirement; however, you must complete all education and work experience requirements before applying for licensure.

Also Read

How to Save Money While Starting a Becoming Cpa in Idaho

One of the biggest expenses on the road to becoming a CPA is obtaining the necessary education. Whether you choose to pursue a bachelor’s or master’s degree in accounting, this can be a substantial financial investment. To save money on your education, consider starting at a community college or attending an online program. Community colleges often offer more affordable tuition rates, and online programs can allow you to continue working while pursuing your degree. Additionally, don’t overlook the option of applying for scholarships, grants, or student loans to help offset the costs.

Once you’ve obtained your degree, the next step is to pass the CPA exam. Preparation courses for the exam can come with a hefty price tag, but there are ways to save money here as well. Look for free or low-cost study materials online, such as practice exams and study guides. You can also reach out to local accounting firms or professionals for advice on how to best prepare for the exam without breaking the bank.

After passing the exam, you’ll need to fulfill the experience requirements to become licensed as a CPA in Idaho. Working for a large accounting firm can offer many advantages, but it may not always be the most cost-effective option. Consider starting your own practice or working for a smaller firm where you may have more flexibility and a better work-life balance. This can not only save you money on commuting and work-related expenses but also give you valuable hands-on experience as you work towards becoming a licensed CPA.

Setting up your own practice as a CPA in Idaho can also be a significant financial endeavor. To save money on office space and equipment, consider starting out as a home-based business or renting a shared workspace. This can help reduce overhead costs and allow you to focus on building your client base without the added pressure of sky-high rent or mortgage payments.

In addition to saving money on education, exam preparation, and practice setup, there are other ways to be savvy with your finances as you embark on your journey to becoming a CPA in Idaho. Look for networking opportunities where you can connect with other accounting professionals and learn from their experiences. Join professional organizations or attend conferences and seminars to stay current on industry trends and best practices.

While becoming a CPA in Idaho may require an initial investment of time and money, there are ways to save and be smart with your finances along the way. By taking a strategic approach to your education, exam preparation, work experience, and practice setup, you can achieve your goal of becoming a CPA without breaking the bank. Remember, success as a CPA is not just about how much money you spend, but how wisely you invest in your future.

Conclusion

Becoming a CPA in Idaho requires dedication and hard work, but the rewards are worthwhile. With a strong foundation in education and experience, as well as successful completion of the CPA Exam and ethics exam, aspiring CPAs can enjoy a fulfilling and lucrative career in accounting and finance. By following the steps outlined in this guide, you’ll be well on your way to becoming a licensed CPA in Idaho and making a significant impact in finance.

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