Michigan CPA Requirements
Exam and License Requirements To Become A CPA
Want to learn all about the CPA Exam?
Looking to become a CPA in Michigan? If so, you've come to the right place! Keep reading for a detailed look into everything you need to know about the CPA Exam and license requirements in Michigan.
Michigan CPA Requirements
To earn your CPA license in Michigan, you must meet certain criteria. Here is a list of requirements you must fulfill to get a CPA license in Michigan:
| Social Security Requirement | Yes |
| Age, Citizenship, and Residency Requirements |
|
| Good Moral Character | Yes |
| Education Requirement for Licensure | 150 hours (including B.A.) |
| Pass the Exam | Score at least 75 in each section to pass |
| Work Experience | 2,000 hours of work experience |
| Ethics Exam Requirements | No ethics exam is required. |
| International CPA Examination Program | Michigan participates in the International CPA Exam Program. |
To sit for the CPA Exam, you must complete a baccalaureate degree with a minimum of 120 semester hours with a concentration in accounting from an accredited U.S. educational institution. This must include:
- 3 semester hours in Auditing (internal Auditing does not count)
- 21 semester hours in accounting that include the following subject areas:
- Governmental/Fund Accounting
- Financial Accounting and Accounting Theory
- U.S. Federal Taxation
- Accounting Systems and Controls
- Managerial Accounting, including Cost Accounting
- 24 semester hours in business subjects
To obtain a CPA license in Michigan, you must complete a total of 150 semester hours.
Work Experience Requirements
You must have 2,000 hours of qualifying work experience that was earned during a time frame of one to five calendar years. This experience should be in the government, business, education, or public sector, and verified by a CPA.
Your experience should involve the below-mentioned fields:
- Financial statement audits, reviews, and compilations in compliance with the applicable standards at the time of engagement.
- Attestation engagements and other auditing-related works, such as:
- Operational audits
- Compliance audits
- Expressions of opinion regarding financial projections and forecasts
- Implementation of an independent internal audit
- Income and nonprofit tax return preparation for any taxing jurisdiction
- Tax research
- Audits conducted on behalf of a government audit agency that results in the production of an opinion or report are called government audits
- Compliance audits of government contracts undertaken on behalf of a government agency and resulting in a statement or report
- Representation of a client in a tax matter before a government agency
- Forecasts, analysis, and projections of the economy
- Accounting-related work performed at a public accounting firm
Michigan CPA Exam & Licensing - Cost and Fees
The CPA education evaluation application fee in Michigan is $90. The fee to take each section of the CPA Exam is $344.80.
| Minnesota CPA Exam Fees | |
|---|---|
| Education Evaluation Application | $90.00 |
| Auditing and Attestation (AUD) | $344.80 |
| Financial Accounting and Reporting (FAR) | $344.80 |
| Regulation (REG) | $344.80 |
| ISC/BAR/ TCP | $344.80 |
| Total: | $1,469.20 |
[Information Systems and Controls (ISC), Business Analysis and Reporting (BAR), Tax Compliance and Planning (TCP)]
The application fee for a new CPA license is $300. When you are renewing your license, you need to pay another $200 as a renewal fee. Furthermore, in the case of a re-licensure application, the cost stands at $320.
| Michigan CPA License Fees | |
|---|---|
| New CPA License | $300.00 |
| Relicensure Application | $320.00 |
| Renewal Fee | $200.00 |
Michigan CPA License Renewal Requirements
All CPA licenses in Michigan must be renewed every two years. Also, you must report your Continuing Professional Education (CPE) to the board on every license renewal period.
Michigan CPA Continuing Education Requirements
CPE Requirement for Michigan Residents:
- Total 80 hours CPE with 40 hours in each year of the license cycle.
- 8 hours of CPE in auditing and accounting.
- 2 hours in professional ethics.
CPE Requirement for Out-of-State Residents:
- You must fulfill the CPE requirements of the state where your primary business is situated.
- If the state where your place of business is located does not have continuing education standards, you must comply with Michigan's.
Michigan CPA Exam: Exam Dates, Score Release, and Scheduling
To sit for the Michigan CPA Exam you need to be well aware of the exam and score release dates and also get a detailed idea about the exam scheduling procedure.
Exam Dates & Score Release
The CPA Exam is offered at certain windows and the target score release dates for the CPA Exam are the same for all states. The AICPA announces all CPA Exam score release dates. In addition to the dates for score release, you must be aware of the CPA Exam scheduling procedure.
Exam Section Scheduling
Here is a comprehensive summary of the CPA Exam application and scheduling procedure:
Start the Michigan CPA Exam application process by opening an Okta account. You will get access to the CPA portal. You can select either “New Candidate” or “Existing Candidate” as per your status. You can apply for your exam, make payments, submit documents, and receive Notice To Schedule(NTS) through this centralized portal.
After getting the portal access, apply for the education evaluation process, an important step to verify your eligibility for the Michigan CPA Exam. All of your educational transcripts must be sent directly from your institutions to CPA Exam Services. When the evaluation is completed, your homepage will display an eligible evaluation status. Those who completed education outside the U.S., opt for services such as:
- NASBA International Evaluation Services (NIES)
- Foreign Academic Credential Service, Inc. (FACS)
- Educational Records Evaluation Service, Inc. (ERES)
If you are eligible for the Michigan CPA Exam, initiate the exam section application process. Remember that you are only allowed to apply for one exam section for each application. You will receive an NTS under your name soon after the application. Also, there’s a Candidate Exam Section ID (CES ID) visible on your portal homepage. Note that there will be separate NTS for each section exam after you finish the application procedure.
You can schedule your exam through the Prometric website. You will need the NTS number and CES ID to schedule your exam. Choose the testing center of your choice and schedule the exam on whichever date is most convenient for you. Please note that your NTS is only valid for six months, so you must take the already-registered exam during the validity period.
The scoring scale for each section of the Michigan CPA Exam is 0–99, but you must score 75 or higher in each section to pass. Also, you only have 30 months time to pass all the sections.
