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Make Sure to Keep All CPE Certificates of Completion

Make Sure to Keep All CPE Certificates of Completion

Though some state boards of accountancy may not require them, certified public accountants (CPAs) must remember to keep their certificates of completion after fulfilling continuing processional education (CPE) requirements, according to a recent

Though some state boards of accountancy may not require them, certified public accountants (CPAs) must remember to keep their certificates of completion after fulfilling continuing processional education (CPE) requirements, according to a recent Accounting Web column.

In the article, Anne Rosivach notes that this is necessary because state boards often audit a random group of applicants in order to prove that they completed a certain course. A lack of the completion certificate can lead to fines and potentially even a loss of one's CPA license, according to Rosivach.

The author cites a previous article from the Newark Star-Ledger, which reported that an audit of New Jersey's CPAs for 2006-2008 found 4 percent of the CPAs falsely claimed to have taken an ethics course required in the state. Some of those audited also reportedly failed to prove that they had taken certain CPE courses.

CFO Magazine suggests chief financial officers should be cognizant of their employees' efforts to receive CPE credits, advising them along the way to help guide their career paths.