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Maine CPE Requirements


Maine CPE Requirements


BOARD INFORMATION FOR REFERRALS:

Dept of Professional & Financial Regulations
Division of Licensing and Registration
35 State House Station
Augusta, Maine 04333-0035
Phone: (207) 624-8603
Fax: (207) 624-8636
Website: www.maine.gov/pfr/professionallicensing/professions/accountancy/

DO PES COURSES QUALIFY FOR CPE IN THE STATE OF MAINE? YES!

Maine does not pre-approve continuing education programs or sponsors and they DO NOT have sponsorship agreements. They will accept courses from NASBA sponsors. Professional Education Services, LP (PES) is registered with NASBA (#103592) on the National Registry of CPE sponsors and has issued credits in the state of Maine without any problems.

LICENSE RENEWAL INFORMATION:

  • 40 hours annually
  • 4 hours of Ethics every three years. PES course 4050: Ethics and Professional Conduct for Maine CPAs can be used to fulfill this requirement, as can any general ethics course.
  • Maximum of 50% in the following subject matters: a) communication arts; b) mathematics, statistics, probability and quantitative applications in business, c) economics, d) business, securities, and administrative law, e) human resources policies, f) computer software applications.

LICENSE EXPIRATION INFORMATION:

  • September 30th annually

CPE COMPLETION DUE BY:

  • Annual CPE period is October 1st to September 30th annually.

SELF STUDY CREDIT HOURS:

Credits granted for PES courses are based on the AICPA and NASBA (National Association of State Boards of Accountancy) statement of standards which grant 1 CPE credit for every 50-minutes of study time. Maine recognizes the same credit measurement.

MAXIMUM ALLOWABLE SELF STUDY CREDITS: 100%
ACCEPTABLE AREAS OF STUDY:

Regulations state... "will qualify as acceptable CPE if it is a formal program of learning which contributes directly, at a professional level, to the professional competence of a licensee in public practice. It will be left to the individual licensee to determine the course of study to be pursued."

Acceptable Areas: Accounting, Auditing and Ethics, Specialized Accounting, Areas of Industry, Administrative Practices, Taxation, Management Services, Communication Arts, Mathematics, Statistics, Probability and Quantitative Applications in Business, Economics, Business, Securities and Administrative Law, Human Resources Policies, Computer Software Applications. Areas other than those listed are acceptable if the licensee can demonstrate to the board that they contribute to the licensee's professional competence.

NASBA FIELD OF STUDY SYNOPSIS: The fields of study specifically listed by the Board can all be equated to a NASBA Field of study. Therefore all fields of study noted on our certificates of completion should be able to be reported for Maine CPE.

If you have any questions regarding your CPE requirements, please call PES at 1-800-990-2731 or your State board. PLEASE NOTE: Since state board regulations are constantly changing, the information contained here is deemed reliable however it is not guaranteed. We encourage you to contact your state board to answer any questions and confirm or clarify any requirements listed here. Information updated 07/13.2021.