A Certified Public Accountant is an accountant that is licensed by their state’s accountancy board. Accountants become CPAs when they take the national examination, the Uniform CPA Examination that is provided by the American Institute of Certified Public Accountants. In addition, the CPA candidate must meet specific requirements found in their state. Accountants that must direct reports to the Securities and Exchange Commission (SEC) must always be CPAs.
In the state of New Hampshire , CPA applicants must have a 120-credit bachelor’s degree that consisted of 12 academic hours of accounting and 12 academic hours of business courses. A bachelor’s degree holder must have two years of professional accounting experience as well. If the applicant has a master’s degree in accounting as well, then only one year of professional experience is needed before they can take the Uniform CPA Examination. A year is defined by the state of New Hampshire as 1,500 hours of accounting or auditing work. New Hampshire also accepts the examination results of the International Qualification Examination.
If a CPA applicant is taking the Uniform CPA Examination, they only need to take four sections of the examination. The four sections include auditing and attestation, business environment and concepts, financial accounting and reporting, and regulation. Each section has their own unique fee. Auditing and financial accounting sections costs $190.35 each, while the business environment and regulation sections cost $171.35 each. There is also an up-front $220.00 application fee and to register for all four examinations cost $185.00.
New Hampshire differs from other states in some key CPA licensing. For example, 46 states require CPA applicants to have 150 academic hours, typically in the form of a bachelor’s degree and master’s degree or a five-year bachelor’s degree. However, New Hampshire is one of the four states that only requires 120 academic hours. New Hampshire also does not require all CPA applicants to be U.S. citizens, or be a resident of New Hampshire. New Hampshire CPAs must renew their CPA license every three years. The state often institutes renewal dates based upon the applicant’s last name. For example, CPAs with last names A-F would need to renew a certain year.