CPE Reporting
At the recent Members Advisory Forum in Lansing (see related cover story), State Licensing Administrator Suzanne Jolicoeur reminded members that this CPE reporting year is the first to allow one-half hour increments.

Rule changes implemented in October 2003 allow CPAs to claim a half-hour credit by attending 25 minutes after the first 50 minutes of instruction.

Members can visit the MACPA web site to quickly check continuing education credits earned through MACPA events. In addition, CPAs can check continuing education credit status with the Michigan Board of Accountancy online by simply entering their 10-digit license number.

The current reporting period began July 1, 2003 and ends June 30, 2005.

CPA Exam
Also at the Members Advisory Forum, Jolicoeur provided an update on the computerized CPA exam. She noted that the number of exam takers has been lower than expected. This would ultimately result in exam fee increases, though exact numbers are not yet available, she said.

Research conducted by NASBA and AICPA suggests that one reason fewer CPA exam candidates are sitting for the exam is that firm partners may have a tougher time keeping track of when candidates are planning to take the exam. With the paper-and-pencil version, exams were only offered twice a year, making it easier for firm partners to stay on top of the schedule. Now, with the computerized exam, candidates can sit for the exam during any of the four 60-day windows.

“We really need firm partners to set the tone at the top and emphasize the importance of taking the exam,” said Jolicouer. She said the State Board is encouraging review course providers to work with candidates on the application process, and encouraging firms to emphasize the exam in their training and orientation programs.