Rules and Regulations of the Rhode Island Board of Accountancy

400-RICR-00-00-1 ACTIVE RULE

New changes for this rule will be effective on 02/19/2023. View Details
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1.1Authority, Purpose, and Definitions

1.2Incorporation by Reference

1.3Licensing Provisions

1.4Education Requirement

1.5Experience Requirement

1.6Examination Requirement

1.7Professional Conduct

1.8Continuing Professional Education ("CPE")

1.9Peer Review Standards

1.10Administrative Procedures for Complaints, Investigations, and Contested Hearings

1.11Declaratory Rulings and Petitions for Rulemaking

1.12Access to Public Records Act

Title 400 Board of Accountancy
Chapter 00 N/A
Subchapter 00 N/A
Part 1 Rules and Regulations of the Rhode Island Board of Accountancy
Type of Filing Amendment
Regulation Status Active
Effective 04/04/2022 to 02/19/2023

Regulation Authority:

R.I. Gen. Laws § 5-3.1-4(f).

Purpose and Reason:

This regulation was advertised for public comment from November 30, 2021, to December 30, 2021. We received a total of nine (9) comments: six (6) regarding whether self-study Continuing Professional Education (CPE) courses were no longer permitted and all encouraging the Board to retain the self-study CPE category; and two (2) personal licensing questions related to CPE which were answered; and 1 question regarding where to find a summary of the proposed amendments which was answered. 

In response to these comments regarding self-study, the Board reviewed the content of § 1.8 of the regulation and review prior versions of the regulation. The Board found that the self-study course requirements were inadvertently deleted with the amendments that were effective on May 21, 2020. However, licensees continued to take and receive credit for self-study courses under the remotely-delivered CPE category. It has become clear that self-study courses are distinct from the requirements for remotely-delivered courses. Accordingly, the Board proposes the following amendments to clarify the CPE requirements. 

The purpose of this regulation is to implement the Accountancy Act. These amendments proposed by the Rhode Island Board of Accountancy (“Board”) make the following substantive changes: 

§ 1.3(E) – was added to codify a licensee’s inherent duty to update its contact information and timely respond to correspondence from the Board.

§ 1.7.2(B) – Amend the self-reporting obligations of licensees to include reporting disciplinary action by a “relevant industry oversight body” such as the Public Company Accounting Oversight Board and American Institute of Public Accountants within sixty days of a final adverse action.

§ 1.8.1(A)(3) – Clarify that new CPAs are required to complete 4 ethics CPE credits as part of the 80 CPE credits required for their initial renewal. 

§ 1.8.1(B)(3) – Codify standards to allow CPAs to earn continuing professional education (CPE) credit for instructors teaching of online CPEs. 

§ 1.8.1(B)(5) – (7) Relocated these paragraphs with minor changes from 1.8.1(B)(7), § 1.8.1(B)(5)(a) & (b). 

§ 1.8.1(C) – Clarify the three types of approved CPE delivery methods: in person, remotely delivered, and self-study. 

§ 1.8.1(D) – Explain the different types of programs which qualify for CPE credit. 

§ 1.8.1(D)(3)(b) – Provide for remotely delivered college courses to qualify for CPE if certain standards are met. 

§ 1.8.1(D)(3)(c) – Clarify that there is no limit on the amount of CPE hours obtained through remotely delivered courses. 

§ 1.8.1(D)(4) – Insert Self-Study CPE requirements that were previously in effect until they were inadvertently deleted in 2020. Note that there is a limit of 80 CPE self-study credits per 3-year renewal cycle. This limitation was in the prior version of the regulation and was retained by the Board. 

§ 1.8.1(E)(4) – Consolidate repeated statement regarding disciplinary action to apply to all three categories of CPE. 

§ 1.8.1(F) – Add heading for clarity and parallel construction with the rest of the section. 

§ 1.8.2(E) – Clarify that new CPAs are only required to complete 4 CPE credits in ethics for their first renewal cycle. 

§ 1.9 – Simplify the Peer Review process to comport with current practice of the Board, specifically to recognize that: (1) upon renewal, firms must attest and provide proof of compliance with RIGL 5-3.1-10; (2) remove references to “peer review oversight committee” and replace with the full Board for peer review oversight; (3) require firms to notify the Board if the peer reviewer dropped or terminated the relationship and its course of action to ensure compliance; and (4) relocate the exemptions paragraph from § 1.9.5 to § 1.9.1(E) so it is clear from the first subheading whether or not a firm is subject to the peer review requirements.