Wyoming CPA Requirements
Exam and License Requirements To Become a CPA
Want to learn all about the CPA Exam?
Do you want to become a CPA in Wyoming, a state that offers the most business-friendly tax climate in the U.S.? If yes, here's your best resource for the Wyoming CPA requirements as we look into the educational and experiential requirements for the state along with other prerequisites. Take a step towards becoming a licensed CPA by going through Wyoming's requirements, application, and licensure process.
Understanding Wyoming CPA Requirements
The Wyoming Board of Certified Public Accountants lays down the CPA requirements for the state. It is closely associated with the National Association of State Boards of Accountancy (NASBA) and the American Institute of Certified Public Accountants (AICPA). Becoming a CPA in Wyoming requires candidates to complete their education, pass the CPA and ethics exams, and gain work experience. Besides, there are other requirements, such as residency and social security number.
| Social Security Requirement | No |
| Age, Citizenship, and Residency Requirements |
|
| Good Moral Character | Yes |
| Education Requirements for Licensure | 150 hours (including B.A.) |
| Pass the Exam | Minimum 75 in each section |
| Ethics Exam Requirements | AICPA Ethics Exam |
| Work Experience | 1 year of experience |
| International CPA Examination Program | Participant |
Education Requirements
As per Wyoming CPA requirements, candidates must have at least 120 semester hours of college education to sit for the CPA Exam. Of the 120 semester hours, 24 semester hours each should be obtained in accounting and business courses (non-accounting) at the undergraduate or graduate level. Note that a maximum of six semester hours for the internship may count towards the accounting or business course requirement.
For CPA licensure, candidates must obtain 150 semester hours of college education with 24 semester hours each in accounting and business courses (non-accounting).
Work Experience Requirements
Obtaining hands-on experience before licensure is mandatory for Wyoming CPA candidates. Hence, candidates must demonstrate one year of experience in public accounting verified by an active CPA. The experience shall be gained through employment in government, industry, academia, or public accounting.
However, the board may consider the equivalent experience not verified by an active CPA. In this case, the candidates must provide documentation verifying equivalency by specifying the job title, employment period, and a detailed description of their roles and responsibilities affirmed by an appropriate supervisor or official. Moreover, the candidate shall provide work samples demonstrating the quality of work experience earned.
Ethical Exam Requirements
As per Wyoming CPA requirements, candidates must complete a professional ethics exam to qualify for licensure in Wyoming. The exam, Professional Ethics: The AICPA's Comprehensive Course, available on the AICPA website, must be passed with a minimum score of 90. It is an 11-hour self-study course with multi-choice questions at the end of the course.
Wyoming CPA Exam & Licensing - Cost and Fees
Wyoming CPA candidates must pay an application fee of $110 to the state board and a separate fee of $254.80 for each exam section applied to NASBA. Please note that the exam section fees below are subject to change. The fees must be paid at the time of application submission. If re-taking any exam section, a re-examination fee of $50 is in addition to the examination fee.
| Wyoming CPA Exam Fees | |
|---|---|
| Initial Application Fee | $110 |
| Exam Section Fees | $1,019.20 |
| Total: | $1,129.20 |
*Pass the three core sections - AUD, FAR, and REG, and one discipline section - BAR/ISC/TCP
You can apply for CPA licensure after satisfying all the requirements by the Wyoming State Board via an online application. The application is available on the state board's website and can be submitted for a fee of $225.
License Renewal Requirements
All the CPA licenses will expire by December 31 each year, and holders must renew their licenses annually. The renewal notifications will be sent to all license holders via e-mail by October 1 each year. The license renewal application will be made available online using the Online Portal for Application and Licensure (OPAL) system on October 1 each year, and you can apply with a fee of $190.
Continuing Education Requirements
Engaging in Continuing Professional Education (CPE) is essential for CPAs to stay updated with the latest changes and implement best practices. In this regard, WY CPA license holders must obtain 120 CPE hours in a rolling three-year period to qualify for license renewal. Out of the 120 CPE hours, four hours must be in ethics, and a maximum of 40 CPE hours in behavioral ethics, communications, personal development, and human resources.
Wyoming CPA Exam: Exam Dates, Score Release, and Scheduling
After fulfilling the WY CPA requirements for the exam, candidates can apply for the Uniform CPA Examination and take the first step toward becoming a licensee. However, knowing things like the exam and score release dates and the application process is essential. Let us look at these details and understand the application process.
Exam Dates and Score Release
Candidates must check the target CPA Exam and score release dates on the AICPA website before scheduling the exam based on their preference. Note that the CPA Exam will not follow the continuous testing process to account for standard-setting analyses and activities.
Scheduling the CPA Examination
Each state has a slightly different application process. Hence, here's a quick guide to applying for and scheduling the Wyoming CPA Exam.
WY CPA candidates can head to the state board website to fill out the application form and present proof of identity, as the board requires. The application will be accompanied by a non-refundable application fee of $110. Ensure that your educational transcripts are directly submitted to the state board from your college or university.
As a participant in the International CPA Examination Program international candidates or those who’ve completed their education outside the United States can apply for the Wyoming CPA Exam.
The state board will determine your eligibility to sit for the CPA Exam. If eligible, the board shall forward a notification of eligibility in the form of an Authorization to Test (ATT). It confirms that you can sit for the CPA Exam from Wyoming.
Upon receiving the ATT from the state board, you will receive a NASBA payment coupon for the applied exam sections. Once your payment is received, a Notice to Schedule (NTS) is available for each section applied. Ensure you carry a physical copy of your NTS to the testing center on the exam day.
The NTS is used to schedule your CPA Exam using Prometric. The portal will help you find the available dates and locations for the exam, and you can schedule it based on your preference.
The four-part CPA Exam must be passed with a minimum score of 75 in each section within 18 months.
