By 2015, all states will require CPA candidates to have 150 credit units before applying for licensure. In 2008, NASBA addressed whether or not having 120 credit units was enough to sit for the CPA Exam and obtain licensure. Today, you can certainly take the exam if you only have 120 credit units, but most states will require you to have 150 units before you can apply for licensure. California will adopt the 150 credit requirement for licensure by January 1st, 2014, and Colorado will be the final state to do so before 2015.
- Passing all 4 parts of the CPA Exam
- In most states, 150 semester/225 quarter units before passing the CPA Exam
- One OR two years of experience working under a licensed CPA, depending on your state (you can complete this any time before you apply for licensure)
- In some states: successful completion of an ethics a course