Vermont CPA Exam

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Vermont observes a one-tier licensing system. Under this system, you must pass the CPA ExamCPA ExamA Certified Public Accountant (CPA) is a US state board-issued license to practice the accounting professionread more and attain the required experience before applying for the license. Furthermore, Vermont State Board is the license-issuing authority. 

Before going into detail, let’s look at key aspects of the Vermont CPA exam and license requirements.

Note that the U.S. jurisdiction also participates in the international administration of the CPA Exam. Here is the Vermont CPA licensure process.

  • Bachelor’s degree
  • 42 semester hours in accounting, auditing, and related subjects

Contents

Vermont CPA Exam Requirements

  • Eligibility RequirementsFeesRequired Documents

Vermont CPA License Requirements

  • Education RequirementsExam RequirementsExperience RequirementsEthics Requirements

Continuing Professional Education (CPE)

Vermont Exam Information & Resources

Vermont CPA Exam Requirements

The CPA Exam is a computerized series of tests that you must pass to be qualified for the accounting licensure. The American Institute of Certified Public Accountants (AICPA) conducts the exam in partnership with the National Association of State Boards of Accountancy (NASBA) and the state boards.  

It analyses the level of your skills and technical knowledge required to become a future CPA. Candidates must pass all four sections within the rolling 18-month testing period, starting from the date of passing the first exam section. 

The passing score for each four-hour-long section is at least 75 points. 

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All of the sections include five testlets consisting of multiple-choice questions and simulations. However, only BEC contains an extra question type, namely, written communications. 

Eligibility Requirements

All Vermont CPA exam applicants must: 

  • Have a good moral characterPossess at least 120 semester hours (bachelor’s degree) with 30 semester hours in accounting and business, consisting of  6 semester (9 quarter) hours in financial or managerial accounting (except introductory accounting)3 semester (4.5 quarter) hours each in auditing, U.S. taxation, and U.S. business law.

Apply for the exam online through CPA Examination Services (CPAES). For the detailed procedure, please check out its official portal. You may also avail of the NASBA Advisory Evaluation to pinpoint any academic inadequacy in your transcripts. The deadline for fulfilling the requirements and submitting the documents are as follows:

  • 6 semester (9 quarter) hours in financial or managerial accounting (except introductory accounting)3 semester (4.5 quarter) hours each in auditing, U.S. taxation, and U.S. business law.

Fees

First-time applicants:

Re-examination candidates:

Submit the fees at the time of application or registration. Also, attempt the applied section(s) within six months (Notice-to-Schedule expiry period). 

Please note that applicants can’t withdraw or request a Notice-to-Schedule extension. However, they may request partial exam fees refund or an NTS extension in extreme conditions. 

Required Documents

Candidates must submit these documents to the CPAES:

Educational credentials from a non-U.S. based institution must be evaluated by

  • NASBA International Evaluation Services (NIES), orNational Association of Credential Evaluation Services (NACES)

Know that photocopies of transcripts are unofficial and unacceptable.

Vermont CPA License Requirements

Vermont CPA applicants must fulfill the 4 E’s:

  • Education – Complete 150 semester hours or moreExam – Score minimum 75 points in each sectionExperience – Obtain one year of relevant work experienceEthics – Pass the self-study course with at least 90%

The U.S. jurisdiction does not have any minimum age, citizenship, or residency requirement. However, you must have a valid SSN. 

Ensure to submit the CPA licensure application with the required fees ($100) and documents to Vermont State Board. Kindly visit the state board website to know the complete process. 

Education Requirements

Candidates must fulfill 150 semester hours with, 

  • A baccalaureate degree from a board-approved instituteAt least 42 semester hours of accounting, auditing, and related subjects.

Please note that the initial 120 hours are to sit for the CPA exam. Hence, the extra 30 semester hours are required for successful licensure. Refer to the Eligibility Requirements section for more details. 

Exam Requirements

Vermont CPA aspirants must pass all four sections of the Uniform CPA Exam within the rolling 18-month period. Each of the four exam sections has a passing score of 75 points. Go to the Vermont CPA Exam Requirements section for further information. 

Experience Requirements

You must gain one year (2080 hours) of public or equivalent non-public accounting experience under the supervision of an actively licensed CPA. Obtain the required experience within four years before sitting for the CPA exam or four years after taking it. Click here to know the required type of services in detail. 

Ethics Requirements

You must complete a course in professional ethics for accountants within two years of the licensure application date. The course must be equal to eight CPE hours. Also, it must detail the AICPA Code of Conduct or Vermont Accountancy Statutes and Rules. 

Continuing Professional Education (CPE)

Vermont CPAs must gain at least 80 CPE credit hours every two years. Furthermore, Vermont accepts credits for programs provided by the NASBA National Registry of CPE Sponsors. 

Let’s check out all the details here. 

With no restrictions on age or residency, Vermont is a relatively easy state to apply for a CPA license. So, if you aspire to be at the top of the accounting profession, fulfill all the Vermont exam and license requirements and grab your CPA license right away! Practicing as a CPA in “The Green Mountain State” will undoubtedly be rewarding and fun. 

Meanwhile, keep yourself updated about the rules and regulations with the Vermont State Board website. You may also contact AICPA, NASBA, or Vermont State Board of Accountancy for any query or assistance. 

Vermont Exam Information & Resources

  1. Vermont Secretary of State (https://sos.vermont.gov/accountancy/board-meetings-members/)

89 Main Street, 3rd Floor

Montpelier, VT 05620-3402

  1. Vermont Society of CPAs (https://www.vtcpa.org/)

PO Box 186

Danville, VT 05828

802 229-4939

  1. NASBA (https://nasba.org/)

150 Fourth Ave. North

Suite 700

Nashville, TN 37219-2417

Tel: 615-880-4200

Fax: 615-880-4290

CPAES

800-CPA-EXAM (800-272-3926)

International: 615-880-4250

  1. Vermont Statute (https://legislature.vermont.gov/)

Vermont State House

115 State Street

Montpelier, VT 05633-5301

Ph: (802) 828-2228

  1. Vermont Government (https://www.vermont.gov/)

128 State Street

Montpelier, VT 05633-1101

802-828-2363

This has been a guide to Vermont CPA Exam & License Requirements. Here we discuss the CPA exam and license requirements in the U.S. state of Vermont along with its CPE requirements. You may consider the following CPA Review providers to prepare for your exams –

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