Minnesota CPA requirements

Wondering how to become a CPA in Minnesota? The first thing you'll want to do on the road to becoming a CPA is to check the requirements to become a CPA in Minnesota, as the Minnesota Board of Accountancy will ultimately license you. This page serves as a resource for Minnesota CPA licensure requirements and is current as of July 2021. Always consult with your state or jurisdiction's board of accountancy for the most current information.

Minnesota CPA Exam requirements

Getting a CPA in each state mandates different requirements for taking the CPA Exam and becoming a licensed CPA. In order to be eligible to take the CPA Exam in Minnesota, candidates must meet the Minnesota CPA requirements.

  • Candidates are required to be a resident of Minnesota, attend school in Minnesota in which they are seeking education designed to qualify for the CPA Exam, or work in Minnesota for the purpose of obtaining qualifying experience. 
  • In the case of a nonresident, the application must be supported by a statement that the candidate is currently, or will have been within 90 days preceding or following the date of the CPA Exam, a resident of Minnesota, attending a school in Minnesota, or working in Minnesota. 

Minnesota CPA Exam education requirements

Before taking the CPA Exam in Minnesota, you must meet a set of education requirements. First, you must have a bachelor’s degree or higher from a regionally accredited college or university. You must also have 150 semester (225 quarter) hours in various course subjects, including:

  • 24 semester hours of upper-level accounting courses that must cover:
    • Financial accounting and reporting for business organizations
    • Financial accounting and reporting for government and not-for-profit entities
    • Auditing and attestation services
    • Managerial or cost accounting
    • Taxation
    • Fraud examination
    • Internal controls and risk assessment
    • Financial statement analysis
    • Accounting research and analysis
    • Tax research and analysis
    • Accounting information systems
    • Accounting ethics
  • 24 semester hours of business-related subjects that must cover:
    • Business law
    • Economics
    • Management
    • Finance
    • Business communications
    • Statistics
    • Quantitative methods
    • Technical writing
    • Information systems or technology
    • Business ethics
    • Marketing
    • Data analytics
    • Computer science

Minnesota CPA license requirements

In order to be eligible for CPA licensure in Minnesota, applicants must meet the following requirements: 

  • Pass all four sections of the CPA Examination
  • All candidates must also take and pass an ethics exam within two years preceding initial application for the certificate.

Minnesota CPA experience requirements

  • One year of experience that consists of full or part-time employment that extends over a period of no less than one year and no more than three years, and includes no fewer than 2,000 hours of performance of services in:
    • Accounting
    • Attestation 
    • Compilation 
    • Management advisory services 
    • Financial advisory services 
    • Tax
    • Consulting skills.
  • Acceptable experience includes employment in industry, government, academia or public practice.

Minnesota CPA license renewals

Minnesota CPAs must have their license renewed annually. All CPA licenses expire on June 30th of each year.

Minnesota CPA CPE requirements

Minnesota CPA CPE requirements mandate a minimum of 120 hours each reporting year.

  • In any given three-year reporting period, CPAs must complete a minimum of 120 hours, with eight of those hours being in regulatory (technical) or behavioral (nontechnical) ethics.

Sources:

Ethics

Education

Experience

Residency

Renewals, CPE

Fees

Now Leaving Becker.com

You are leaving the Becker.com website. Once you click “continue,” you will be brought to a third-party website. Please be aware, the privacy policy may differ on the third-party website. Adtalem Global Education is not responsible for the security, contents and accuracy of any information provided on the third-party website. Note that the website may still be a third-party website even the format is similar to the Becker.com website.

Continue