Illinois CPA Exam Requirements

30 May 2015

CPA Exam Requirements

Illinois CPA Exam Requirements - resize

Illinois CPA Exam Requirements

Age Requirement: 18

Citizenship Requirement: No

Residency Requirement: No

Social Security Number Requirement: Optional

Illinois CPA Exam Education Requirements

Education Requirement for Licensure: 150 hours (including B.A.)

Participates in International Examination Program: Yes

Hours in accounting:   

Varies based on degree earned:

Option A: Graduate degree in accounting • Accounting program must be accredited by AACSB (beginning July 1, 2013) • No requirements for semester credit hours in Research & Analysis in Accounting (RAA), Business Communications (BC), or Business Ethics (BE)

Option B: Graduate degree in business • Business program must be accredited by AACSB or ACBSP (beginning July 1, 2013) • Minimum of 24 semester credit hours in accounting (through June 30, 2012) OR minimum of 30 semester credit hours in accounting (after July 1, 2013) • At least one course in financial accounting, auditing, taxation, and management accounting • 2 semester credit hours in integrated or stand-alone Research & Analysis in Accounting (RAA) (maximum towards the 30 accounting semester credit hours) (beginning July 1, 2013) • No requirements for semester credit hours in Business Communications (BC) or Business Ethics (BE) Option C: Bachelor’s or graduate degree (including Bachelor's degree in business) • Minimum of 24 semester credit hours in accounting (through June 30, 2012) OR minimum of 30 semester credit hours in accounting (after July 1, 2013) • Program must be accredited (see options in §1400.90(g)(8)) • At least one course in financial accounting, auditing, taxation, and management accounting • Minimum of 24 semester credit hours in business other than accounting • 2 semester credit ours integrated or stand-alone Research & Analysis in Accounting (RAA)(maximum towards the 30 accounting semester credit hours) (beginning July 1, 2013) • 2 semester credit hours in integrated or stand-alone Business Communications (BC) and 3 semester credit hours in integrated or stand-alone Business Ethics (BE),(maximum towards the 24 business semester credit hours) (beginning July 1, 2013)

Notes: Maximum of 6 semester credit hours of Internships or Life Experience count toward the 24 semester credit hours accounting requirement (through June 30, 2013). Maximum of 3 semester credit hours count toward 30 semester credit hours accounting requirement AND maximum of 3 semester credit hours count toward 24 semester credit hours business requirement (after July 1, 2013).

Provisional approval of in-progress courses – 120 days to submit evidence of completion of all requirements. Graduate

Exam sitting requirements: 150 hours (must complete education requirement prior to sitting for exam)

Experience requirements: 1 year general experience in government, industry academia or public practice.

Ethics exam: Must pass AICPA Professional Ethics Exam for initial licensure

Notes:

As of July 1, 2012, Illinois became a 1-tier state.

Illinois CPA Exam Fees

Initial Application Fee:   $120

Audit:    $192.03

Financial:             $192.03

Regulation:         $172.51

Business:             $172.51

Total:     $849.08

Special Fees: Credential evaluation fee for first-time candidates varies $175-$250

Illinois CPA Society

Taylor Weathers

Phone Number: 312-993-0407

Fax Number: 312-993-9954

In State Toll Free: 800-993-0407 ext. 216

Address: 550 W. Jackson, Suite 900, Chicago, IL 60661

Email: weatherst@icpas.org

Illinois Board of Examiners

Phone Number: 815-753-8900

Fax Number: 815-753-8953

Address: 1120 E. Diehl Road, Suite 107, Naperville, IL 60563

New Address by June 26, 2015: One North LaSalle St., Suite 2300 (23rd floor), Chicago, IL 60602

Email: help@ilboa.org

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