PA CPA exam?

Question

I have a few questions about taking the CPA exam in Pennsylvania.  

I am currently working as an an analyst for a major financial firm.  I  enjoy this position and do not currently wish to change into public accounting.  

If I take and pass the CPA exam now and then get my masters before I do my experience requirement will I still need to do 2 years experience, since I waited until after the CPA exam to get my masters?

Does your masters need to be in accounting or would a masters in finance be okay?

If you are not practing public accounting, do you still need to keep up with the CPE requirements to stay licensed and if not, how many hours would you need to take to become up to date?

csanda · Accepted Answer

Question 1: Will you still need the 2 years of experience so long as your work as an analyst does not qualify as "qualified experience" under PA accounting Code Section 11.55(a)

http://www.pacode.com/secure/data/049/chapter11/s11.55.html

Don't forget, you're going to need to document all 1,600 hours of qualified time and have somebody sign off on that time. 

Questions 2: Is a master in finance ok?  Sure, but even that isn't necessary.  The CPA exam is going to be way more rigorous than your MBA course (which is usually just one class of financial accounting). 

Question 3: Do you still need to keep up with CPE? Yes and pay AICPA dues.  I should know.  I passed the exam, got all the hours.... however, I know that I am not going to be a practicing CPA or pay the dues, so I don't bother. 

Check out the links below for PA rules on CPAs.

Anonymous · Answer

i do no longer probable know something on the subject of the CPA examination, sorry. in spite of the reality that i do stay in Pennsylvania. My wager could be which you are able to fulfill the working requirement previously sending in application. i must be incorrect

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PA CPA exam?

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