The basic continuing professional education (CPE) requirement to obtain or renew the Ohio permit is 120 credits over a three-year period. New CPAs holding the Ohio permit are required to report 40 credits over a two-year period. A new CPA licensed in 2011, for example, will have a continuing education reporting period of January 1, 2011 through December 31, 2012 and a requirement of 40 credits.
Continuing education is due on the license renewal date for all Ohio permit holders.
All continuing education reporting periods (24 and 36 months) begin on January 1 and end on December 31.
Continuing education may be earned in any field that contributes to a licensee's professional competence. Registered CPE sponsors agree to conform to the NASBA/AICPA CPE Standards, and this includes keeping appropriate documentation for CPE verification purposes.
Each licensee holding the Ohio permit is responsible for retaining appropriate documentation for all CPE credit claimed. There should be adequate support for: (1) the licensee's program attendance or completion, and (2) the CPE credit claimed. Normally, a certificate of completion is issued by the program sponsor as proof of attandance/completion. Some sponsors issue a transcript that serves as documentation for all the programs taken by a licensee from that sponsor.
The following Ohio permit holders must earn 24 CPE credits in accounting or auditing:
- CPAs or PAs who work on financial reporting engagements
- CPAs or PAs who perform financial reporting work outside public accounting while using the CPA designation ("regulated services").
The following Ohio permit holders must earn 24 CPE credits in taxation:
- CPAs or PAs who work on taxation engagements or provide tax advice to clients.
- CPAs or PAs who perform tax work outside public accounting while using the CPA designation ("regulated services").
All CPAs holding the Ohio permit must take 3 credits in professional standards and responsibilities ("PSR") each reporting period. CPE sponsors that wish to present courses in Ohio professional standards and responsibilities must register with the Board and submit all course materials to the Board for review and approval.
A licensee may claim PSR credit for programs in the following four areas if the course is approved and documentation is retained: (1) the Ohio accountancy law and rules, (2) the accountancy law and rules of another state, (3) professional ethics for CPAs, or (4) ethical philosophy.