Call us now at (800) 824 2811

Illinois CPA Requirements | CPA Prep | Yaeger CPA

Illinois Uniform CPA Examination Educational Requirements

 

Education Requirements Effective July 1, 2013

Note: If you have been approved to sit for the CPA examination prior to July 1, 2013, you will not have to meet the new education requirements. Please refer to Section 1400.90 of the Administrative Rules for complete transcript of requirements listed at www.ilboa.org

 For questions regarding which option was used to process your evaluation, please contact the Illinois Board of Examiners, www.ilboa.org

 In order to be admitted to take the examination for the first time after July 1, 2013, a candidate for the Illinois CPA examination must have successfully completed the following:

Option 1:

Degree: A graduate degree in accounting from a regionally accredited institution or approved equivalent institution (regional accrediting association which is a member of the Council for Higher Education Accreditation (CHEA) www.acenet.edu) and AACSB  www.aacsb.edu or ACBSP www.acbsp.org accredited accounting program.**

 

Total Hours: You must have completed 150 semester credit hours*

 Accounting Hours: No specific requirements

 Business Hours: No specific requirements

 

*Quarter credit hours may be converted to semester credit hours by multiplying quarter credit hours by two-thirds.

**If a candidate has obtained graduate credit or a degree from a non-AACSB/ACBSP program, s/he will apply under option 4.

Option 2:

Degree: A graduate degree in business from a regionally accredited institution or approved equivalent institution (regional accrediting association which is a member of the Council for Higher Education Accreditation (CHEA) www.acenet.edu) and  AACSB  www.aacsb.edu  or ACBSP www.acbsp.org accredited business program.***

 Total Hours: You must have completed 150 semester credit hours*

 Accounting Hours: 30 semester credit hours in accounting including;

****Managerial Accounting, Taxation, Financial Accounting, Audit and at least two semester credit hours of Research & Analysis (RAA)

**Business Hours: No specific requirements

 *Quarter credit hours may be converted to semester credit hours by multiplying quarter credit hours by two-thirds.

**For purposes of meeting the accounting hours requirement, one graduate accounting SCH is equivalent to 1.6 SCH. This extra weight is not applied to the total semester hours.

***If a candidate has obtained graduate credit or a degree from a non-AACSB/ACBSP program, s/he will apply under option 4.

Please note: Graduate accounting credit earned with an undergraduate degree (with no graduate degree earned yet-only enrolled in a graduate degree program) will be multiplied by 1.6 whether or not the credit has been taken from an AACSB or ACBSP accredited program.

****No more than three (3) semester hours of accounting obtained through internships or life- experience credit posted on a college transcript may be awarded to the accounting requirements.

Option 4:

Degree: At least a baccalaureate degree in any concentration or graduate degree with a concentration other than accounting or business from a regionally accredited institution or approved equivalent institution (regional accrediting association which is a member of the Council for Higher Education Accreditation (CHEA)).*** www.acenet.edu

 

Total Hours: You must have completed 150 semester credit hours*

 Accounting Hours: 30 semester credit hours in accounting including****

Managerial Accounting, Taxation, Financial Accounting, Audit and at least two semester