South Dakota Cpa Exam License Requirements 2022

South Dakota CPA Exam

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South Dakota Board of Accountancy (SDBOA) is the recognized body for CPA licensure. The state board does not require candidates to apply for the CPA certificate. Instead, they can straightaway claim the CPA license after meeting all licensure preconditions. Hence, South Dakota (SD) is deemed as a one-tier state. Additionally, the U.S. province engages in the international CPA examination programCPA Examination ProgramA Certified Public Accountant (CPA) is a US state board-issued license to practice the accounting professionread more.

South Dakota is a place with sound work ethics and enterprise-friendly laws resulting in an abundance of thriving industries. From the food science and production industry to Cybersecurity, CPAs can exhibit their skills in various sectors. So naturally, this opens countless doors for CPAs.

In addition, the state has the second-best tax climate throughout the nation and a well-funded state pension. As a result, working professionals are drawn to the state. Besides, being one of the best U.S. jurisdictions to do business also connotes sure shot success for the entrepreneurial CPA class.

Now that we know the prospects of CPAs in South Dakota, let’s dive deeper into its exam and license requirements.

Contents

South Dakota CPA Exam Requirements

Eligibility RequirementsFeesRequired Documents

South Dakota CPA License Requirements

Education RequirementsExam RequirementsExperience RequirementsEthics Requirements

Continuing Professional Education (CPE)

South Dakota Exam Information & Resources

South Dakota CPA Exam Requirements

The Uniform CPA Exam is a computer-aided licensure test that verifies the deftness and efficiency of candidates to hold the CPA status. Candidates may apply for the exam within hundred days of completing the SD educational requirement.

The CPA exam partners include the American Institute of Certified Public Accountants (AICPA), the National Association of State Boards of Accountancy (NASBA), the state boards, and the Prometric.

The CPA exam has four sectionsCPA Exam Has Four SectionsThe Uniform Certified Public Accountant (CPA) Exam comprises four sections, namely, Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG). The unique content, structure, format, and scoring of the CPA exam earn it the title of one of the most challenging professional exams. read more that have to be passed within 18 months. Candidates must score at least 75 points on a scale of 0-99 in each section to pass. Moreover, the exam has a unique format encompassing multiple-choice questions (MCQs), task-based simulations (TBSs), and written communication tasks (WCTs).

Eligibility Requirements

CPA aspirants must obtain 150 semester hours, including:

A baccalaureate or graduate degree in accounting from a regionally approved academic institute, orA board-approved course of study substantially equivalent to an accounting degree with:24 undergraduate or graduate-level semester hours in accounting (including elementary accounting principles) and at least one course in subjects like:AuditingIntermediate or advanced accountingTaxationCost Accounting24 semester hours in undergraduate or graduate-level business courses (except accounting courses)
24 undergraduate or graduate-level semester hours in accounting (including elementary accounting principles) and at least one course in subjects like:AuditingIntermediate or advanced accountingTaxationCost Accounting24 semester hours in undergraduate or graduate-level business courses (except accounting courses)
AuditingIntermediate or advanced accountingTaxationCost Accounting

Submit the exam application to the state board. Refer to the SDBOA website for more details.

Fees

The exam fees are payable to SDBA in U.S. dollars at the time of application. Therefore, ensure to draw all certified money orders or checks on a U.S. bank. Note that cash payment is unacceptable.

Candidates can’t withdraw from the CPA exam. All examination fees are non-refundable. Moreover, CPA aspirants have six months from the NTS issuance date to sit for the applied exam section(s).

Required Documents

SD state board requires the submission of the following documents.

South Dakota CPA License Requirements

South Dakota CPA licensure applicants must attain the below-mentioned requisites.

Note that the character references may not be relatives, and applicants must have known them for at least one year. Apply through the state board within three years of completing the CPA Exam successfully. Please check the SDBOA official portal for further details.

Let’s view the fees payable to SDBOA.

Education Requirements

CPA aspirants must earn 150 semester hours with a baccalaureate or graduate degree in accounting from an authorized academic institute or a board-approved course of study substantially equivalent to an accounting degree. In addition, ensure to complete the required coursework in accounting and business administration. Refer to the Eligibility Criteria section for more information.

Exam Requirements

SD CPA licensure applicants must score a minimum of 75 points in all four exam sections. They have 18 months to complete the test. For more information, kindly visit the South Dakota Exam Requirements section.

Experience Requirements

Candidates must gain one year of accounting experience through public accounting, private industry, academia, or government agency employment. The required experience may be full-time or part-time with at least 2000 hours earned during the 1–3 year period. Moreover, it must be verified by an active CPA.

The qualifying services incorporate attest, accounting, management advisory, tax, financial advisory, or consulting. To perform attestation services, candidates must complete 375 hours in audits, compilation, or review in any combination.

Ethics Requirements

South Dakota CPA licensure applicants must complete the “Professional Ethics: The AICPA’s Comprehensive Course” with at least 90%. They must attempt the exam within 90 days of obtaining the required experience. Ensure to submit the order form as per the specified instructions in it.

Here lies all the related information.

Continuing Professional Education (CPE)

SD CPA titleholders must obtain 120 CPE credit hours over a rolling three-year period. Note that candidates can get the necessary credits from the following resources:

Programs presented by National Registry of CPE Sponsors U.S. Government Accountability Office (GAO) websiteGenerally Accepted Government Auditing Standards (GAGAS) Government Auditing Standards Guidance on GAGAS Requirements for Continuing Professional Education publication

Let’s check out all the details.

There are numerous eminent certifications for accountants across the industry. Nevertheless, the CPA license takes the cake due to its global recognition and countless job opportunities. This well-acclaimed label takes a professional’s career to the highest peak of success.

Procuring the certification in the second most business-friendly state across the U.S. is undoubtedly the most brilliant move. Needlessly, earning the CPA licensure and working in SD will confirm a smooth start to your professional journey.

Therefore, begin with checking out the state-specific CPA exam and license requirements from the South Dakota board website. For more details, check out the AICPA and NASBA websites too. Learn more about CPE Credits for CPACPE Credits For CPAAs a Certified Public Accountant (CPA), you need to acquire Continuing Professional Education or CPE credits for sustaining your license. This ensures that you are actively involved in improving your know-how of the profession by engaging in learning activities.read more

South Dakota Exam Information & Resources

South Dakota Board of Accountancy (https://dlr.sd.gov/accountancy/)

301 East 14th Street, Suite 200

Sioux Falls, SD 57104

Phone: 605-367-5770

Fax: 605-367-5773

South Dakota CPA Society (https://www.sdcpa.org/Default.aspx)

5024 South Bur Oak Place

Suite 108

Sioux Falls, SD 57108

Phone: (605) 334-3848

Fax: (605) 334-8595

NASBA (https://nasba.org/)

150 Fourth Ave. North

Suite 700

Nashville, TN 37219-2417

Tel: 615-880-4200

Fax: 615-880-4290

CPAES

1.800.CPA.EXAM

[email protected]

AICPA (https://www.aicpa.org/)

220 Leigh Farm Road

Durham, NC 27707-8110

Ph: +1.919.402.4500Fax: +1.919.402.4505