At the Board of Accountancy’s July 22, 2013, Board meeting, the proposed revisions to Board Rule WAC 4-30-134 were adopted. The rule states those individuals who failed to complete the required CPE within the reporting period must apply for reinstatement. Please review the rule and explanation below:
4-30-134 What are the CPE Requirements for Individuals?
(8) Self-reported deficiencies:
(a) If you fail to file a timely request for extension but you self-report a CPE deficiency to the board during the renewal period January 1st through June 30th of the renewal year, you will be permitted to continue to use the restricted title during the renewal period provided you:
(i) Submit to the board, in writing, the specific CPE plan to obtain to correct the CPE deficiency on or before June 30th of the renewal year;
(ii) Timely complete the CPE sufficient to correct the deficiency;
(iii) Timely submit certificates of completion for the subject CPE taken to the board; and
(iv) Pay the fee for reinstatement of a lapsed credential on or before June 30th of the renewal year.
(b) CPE deficiencies taken by June 30th of the renewal year under this subsection will be carried back to the reporting period ending on December 31st of the preceding calendar year and be subject to CPE audit in the next renewal period to ensure that inadvertent double counting does not occur.
What Does This Mean to You?
If you did not qualify for an extension, and you were unable to complete your CPE by December 31, 2013, your credential will lapse July 1, 2014, and be subject to reinstatement. Thanks to this new rule, your reinstatement application can be received and processed before your CPA license officially lapses. This new process is called Pre-Lapsed Reinstatement.
How do I apply for Pre-Lapsed Reinstatement?
To be eligible for Pre-Lapsed Reinstatement, you will need to e-mail the Board that you did not complete your CPE during your reporting period. Your e-mail must include a specific plan that corrects your CPE deficiency on or before June 30th.
We will update your account to allow you to apply for Pre-Lapsed Reinstatement. You cannot submit your application for reinstatement until you completed your CPE deficiency. Failure to provide and follow through with your plan will result in a lapse of your credential.
**While you are obtaining your CPE we strongly advise that you enter your CPE into the Track CPE feature in the WBOA online service.