Michigan CPAs must complete 40 hours of CPE every continuing education year, i.e., 80 hours every two years.
New licensees are exempt from CPE requirements for the first 12-month period beginning on the date of their original license.
CPAs must complete at least 8 hours in Accounting/Auditing and 2 hours in Ethics annually.
For detailed information on acceptable fields of study (FOS), Click here.
Yes, 50% of the total CPE earned in one continuing education year can be completed through self-study, provided the courses are from approved providers.
Eligible activities include Group Programs, Qualified Instructors, Nano-learning, Non-credit Academic Courses, For-credit Academic Courses (max 15 CPE hours), Teaching/Instructor roles, Self-Study Programs, and more.
CPE credits must be completed by July 31 every two years (biennially).
CPE credits must be reported from July 1 to June 30 of each continuing education year.
Yes, Michigan CPAs can carry over a maximum of 40 CPE hours, including up to 2 hours in ethics and 8 hours in Accounting/Auditing.
CPAs must maintain records of completed CPE credits for 4 years, as they may be subject to audit by the state board.
The renewal fee for Michigan CPAs is $200.
Here is a link to the state board website, where you can access FAQs on CPE requirements and regulations for Michigan CPAs.