General

I’ve recently passed the CPA Exam and I want to apply for Colorado CPA licensing. How do I proceed?
All the information, requirements and application, for licensing is located on our website.

How long is the process?
About one to two weeks; however, could be longer if deficiencies are found within your application.

Is there a timeframe in which I must apply for licensure after passing the CPA exam?
No. However, please refer to Colorado Rules and Regulations for licensing requirements.

Do my CPA exam credits expire for Colorado?

No. Once you have successfully completed all four sections of the CPA exam, your scores will not expire.

Will I receive a certificate for passing the CPA Exam for Colorado?

No. Colorado is a one-tier state. Applicants must apply for licensure to be able to use the designation CPA.

I want to take the AICPA Ethics Exam, what should I do?

NASBA does not issue or offer the AICPA Ethics Exam. Please contact the AICPA at www.aicpa.org or submit the AICPA Ethics Exam Application form to the Colorado Society of CPAs.

I want to apply for the AICPA membership, what should I do?
AICPA membership is not a requirement for CPA licensure. You must contact the AICPA directly regarding membership.

Can I take the Ethics Exam before I pass the CPA Exam?
Yes, however, it is best to take the AICPA Ethics Exam when you decide to apply for licensing.

Do I need to send verification of my CPA scores if I passed the exam for Colorado?
No. Verification of your scores will remain on file at NASBA.

I want to apply for the Colorado CPA license but I sat and passed the CPA Exam in another state other than Colorado. How do I transfer my CPA grades?

You will need to submit the Authorization for Interstate of Exchange of Examination and Licensure Information – Form D (located in the Initial & International applications) to the State Board where you sat and passed the CPA Exam. In turn, the State Board will submit the official verification back to you to include with your application packet.

Can I transfer my CPA grades, then apply for license?
No, you will need to submit the Authorization for Interstate of Exchange of Examination and Licensure Information – Form D (located in the Initial & International applications) to the State Board where you sat and passed the CPA Exam. In turn, the State Board will submit the official verification back to you to include with your application packet.

Is there a fee associated with the “Authorization of Interstate Exchange” form?
Some states require a fee for verification of your CPA scores and license information. A fee chart is located at http://www.nasba.org/licensure/nasbalicensing/feeschedule/.  Please check to see if your state requires a fee before you send the form to the verifying board of accountancy.

If my application is found deficient or denied, will my information remain on file or will I need to resubmit all of the information?
Yes, your information will remain at NASBA Licensing Services for one year. You will only need to submit a new application form, repayment of the application fee, and the deficient items needed to complete your file. If you re-apply after that time period, you will need to submit all new documents with your application.

If my application is denied or found deficient, will I receive a refund?

No. The fee submitted for licensing is a non-refundable fee.

Where can I find information regarding Colorado CPE requirements for renewal?
The CPE requirements are located on the Colorado Board website (http://www.dora.state.co.us/accountants/).

If my file has to be reviewed by the board, when should I receive notification?

All final decisions are made by the board. Please allow two to three business days from the board meeting for official notification. Click here for a board meeting schedule.

Education

Do I have to resubmit my transcripts/foreign evaluation if I sat for the CPA Exam as a Colorado Exam Candidate?
All examination information, including transcripts/foreign evaluations, is kept on file for one year.  If you apply after this time period, you must resubmit educational information.

Will I need to resubmit my transcripts (even if I have already submitted them to CPAES for another state) or foreign evaluation (evaluated to meet requirements for other state to be determined eligible to sit for CPA Exam)?
Yes, if you sat and passed the CPA Exam as a candidate in another state other than Colorado, you will need to submit all new education information. We only accept U.S. official transcripts. If you are using a foreign evaluation to qualify as education, you will need to request your foreign education/credentials re-evaluated course-by-course by a member of NACES to meet Colorado Board Rules and requirements.

Should I have my transcripts sent directly to NASBA Licensing Services?
All transcripts should be sent directly to you (applicant), and submitted with the application package.

If I want to qualify under Rule 2.7 Education in Lieu of Experience, do I have to submit any experience?
No, there is no experience required under Rule 2.7 Education in Lieu of Experience.

If I want to qualify under Rule 2.7 Education in Lieu of Experience, do I have to include Forms C & D for my application to be considered complete?
No, you can simply omit Forms C & D from the application packet. They are not required to be included/completed if you apply under Rule 2.7.

If I obtained my education from an institution outside the U.S., do I need to submit my original foreign transcripts?
No. Foreign transcripts are not accepted. All applicants must have a course-by-course foreign evaluation of their education completed prior to applying for licensure. Colorado accepts evaluation companies that are members of the National Association of Credential Evaluation Services (NACES). Please visit www.naces.org and select Current Members for a listing of acceptable institutes.

Does Colorado accept CA Memberships for meeting educational requirements?
Only members that are recognized as part of the U.S. International Qualifications Appraisal Board (IQAB) MRA agreement are deemed acceptable by the Colorado State Board of Accountancy. These countries include: Australia, Canada, Hong Kong, Ireland, Mexico and New Zealand. Recognized CAs, from the list above, have qualifying education under Rule 2.5 and must submit qualifying experience.

Can my auditing course cover GAAS versus U.S. GAAS?
No. Only U.S. GAAS is accepted by the Colorado State Board of Accountancy

Experience

Is Experience earned outside of the U.S acceptable?
Yes, as long as the experience meets the requirements detailed on the Certificate of Experience – Form C and under Chapter 4 of the Colorado Rules.

Does Colorado accept CA Memberships for meeting experience requirements?
Qualifying work experience can be signed by a verifier that holds a CA with an active permit to practice/public accounting license from an IQAB recognized country. Please review Chapter 4 of the Colorado Rules and Regulations for qualifying experience requirements.

Is there a fee associated with the “Verifier’s License Verification” form?
Some states require a fee for the verification of the Verifying CPA’s license. A fee chart is located at http://www.nasba.org/licensure/nasbalicensing/feeschedule/. Please check to see if a fee is required by the state where the signing supervisor is licensed before sending.

If my verifier is licensed in Colorado, do I need to submit the “Verifier’s License Verification” form?
No. The “Verifier’s License Verification” form is only for verifiers who are licensed outside of Colorado.

If my verifier is a Chartered Accountant from an IQAB MRA country, do I need to submit the “Verifier’s License Verification” form?

No. You will need to submit a copy of the CA Certificate and a letter of good standing indicating an active permit to practice/public accounting license from the CA Institute in lieu of this form.

Reciprocity

Is the AICPA Ethics Exam required even if I’ve already taken a State specific Ethics Exam?
Yes, only the AICPA Ethics Exam is accepted by the Colorado Board.

Is the minimum of 80 CPE hours earned within the last two years preceding my licensing application date still required if I have recently just received my initial CPA license in another state?
Yes, at least 80 CPE hours are required to qualify under Reciprocity as stated in the Colorado Board’s Rules. However, you have the option of applying for an Initial Colorado CPA license as a Transfer of Grades applicant and qualify under Rule 2.5 or Rule 2.7.

How do I transfer my CPA grades and provide verification of my active CPA license?
You will need to submit the Authorization for Interstate of Exchange of Examination and Licensure Information – Form C (located in the Reciprocity application) to the State Board where you hold your active CPA license. In turn, the State Board will submit the official verification back to you to include with your application packet.

Can I transfer my CPA grades/provide verification of my active CPA license before submitting my application?
No, you will need to submit the Authorization for Interstate of Exchange of Examination and Licensure Information – Form C (located in the Reciprocity application) to the State Board where you hold your active CPA license. In turn, the State Board will submit the official verification back to you to include with your application packet.