Guam CPA Requirements
Exam and License Requirements To Become a CPA
Semester Units
Requirements
Exam Program
Semester Units
Year of Experience
Requirements
Exam Program
Guam CPA Requirements
To become a CPA in Guam, it’s important to note that CPA license requirements are often different from CPA Exam requirements. In most states and territories, there are requirements for citizenship, residency, and age. Let’s see what requirements you need to fulfill in order to obtain a CPA license in Guam.
| Social Security Requirements | No |
| Age, Citizenship, and Residency Requirements |
|
| Good Moral Character | Yes |
| Education Requirement for Licensure | 150 hours (including B.A.) |
| Pass the Exam | Need to score 75 in each section to pass |
| Work Experience | 1 to 2 years of related work experience |
| Ethics Exam Requirements | No |
| International CPA Examination Program | Yes |
Unlike most states and territories, Guam does not have any Social Security number requirements for CPA licensure. All you need is a passport for identification purposes.
- You don’t need to be a U.S. citizen in order to acquire a CPA license in Guam.
- The minimum age to sit for the CPA Exam is 18 years.
- There is no need for you to be a resident, own an office, or be an employee in Guam.
- Total 120 semester hours.
- A bachelor's degree in accounting from an accredited college or university.
- Or a bachelor's degree in business that includes 24 semester hours in accounting courses.
- Or you can have a bachelor's degree that consists of 24 semester hours of accounting and 24 semester hours of business.
- However, to get the CPA license in Guam, you must have 150 semester hours in total.
The most crucial component of a CPA license is passing the CPA Exam, in which you will need to score 75 in each section. Candidates have to pass all four portions of the exam within a time range of 18 months.
One important requirement to become a CPA in Guam is to complete 2 years of work experience (minimum of 4,000 hours) in public accounting. Alternatively, you could complete 1 year of experience in public accounting through government, academic, or industry employment along with 150 hours of education. Your work experience must be verified by a valid CPA license holder.
Even though there is no requirement for an ethics exam in Guam, a good moral character is necessary to obtain a CPA license. Therefore, 3 references of moral character must be provided to the board.
Guam is a participant in the International CPA Examination Program. The program is created and administered by the National Association of State Boards of Accountancy (NASBA). The purpose of this program is to include non-U.S. candidates in the CPA Examination.
Guam CPA Exam & Licensing - Cost and Fees
The CPA Examination application fee in Guam is $200. Additionally, a fee of $238.15 will be required for each section of the CPA Exam.
| Guam CPA Exam Fees | ||
|---|---|---|
| Initial Application Fee | $200.00 | |
| Auditing and Attestation (AUD) | $238.15 | |
| Business Environment and Concepts (BEC) | $238.15 | |
| Financial Accounting and Reporting (FAR) | $238.15 | |
| Regulation (REG) | $238.15 | |
| Total | $1,152.60 | |
The fee for a first time CPA license in Guam is $250, and the cost for an inactive license is around $225 to activate.
Guam CPA License Renewal Requirements
The expiration date for all CPA licenses in Guam is June 30 of each year. The license renewal cost is $100 annually. Candidates are exclusively responsible for renewing their licenses on schedule and disclosing any changes to the following details:
- Employer
- Address
- Email address
- Phone number
The changes should be communicated to the board within 30 days. If you fail to submit your CPA license renewal application by June 30, you will be charged a $75 late fee.
Guam CPA Continuing Education Requirements
CPA licensees in Guam, whether active or inactive, must complete Continuing Professional Education (CPE) every two years. CPAs need to complete 120 hours of continuing education every three years in order to renew their license. Also, you must earn a minimum of 20 hours of CPE each year to complete the 120 hours in total. These 120 hours will include 30 hours of CPE in accounting and auditing, 30 hours of personal development courses, and at least 6 hours of ethics courses.
Guam CPA Exam: Exam Dates, Score Release and Scheduling
The CPA Exam is held year-round, allowing candidates to schedule each exam section based on their preferred date and location. CPA Exam score release dates are announced by the AICPA every two years. After satisfying the Guam CPA Exam requirements, candidates are eligible to apply for the Uniform CPA Exam. This guide will help you understand the application process.
Submit CPA Exam Application
Your initial application for the CPA Exam in Guam must be submitted online through the NASBA website. In order to begin the registration procedure, you must first create a CPA Central Account. Your account will be created after you receive a confirmation email at the email address you provided during registration. After that, you'll be ready to begin the application procedure. Any electronic transcripts should be sent directly to NASBA from your institution.
Obtain Authorization to Test (ATT)
If you meet all the criteria of the Guam Board of Accountancy, an Authorization to Test (ATT) will be issued for you. Getting an ATT indicates that you are now eligible to sit for the CPA Exam in Guam.
Receive Your Notice to Schedule (NTS)
Within three to six weeks of applying for the CPA Exam in Guam, you will receive your Notice to Schedule (NTS). As the name suggests, a NTS is needed to schedule your exam. You will need the NTS number to schedule your exam.
Schedule Your Exam With Prometric
Once you have your NTS with you, it’s time to schedule your exam dates through the Prometric website. You will need your NTS number to schedule your exam.
Pass the CPA Exam
The CPA Exam consists of four parts: Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG). You need to score 75 in each of these sections to pass the CPA Exam. All of the sections must be passed within a range of 18 months.