Oregon CPA Exam

Oregon Certified Public Accountant (CPA) License is issued to accounting professionals on meeting state legal preconditions for public practice. Like other U.S. territories, Oregon also has a distinct set of exam, experience, ethics, and other requirements to earn the CPA license. 

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Candidates can’t use the CPA credential till they have received their license. It ultimately puts Oregon in the category of one-tier states that don’t issue a CPA certificate on qualifying the CPA ExamCPA ExamA Certified Public Accountant (CPA) is a US state board-issued license to practice the accounting professionread more. Moreover, the Oregon Board of Accountancy (OBA) regulates and grants the CPA license. 

The U.S. jurisdiction also engages in the International Examination Program. Furthermore, below is the detailed, informative guide on the Oregon CPA exam and license requirements.

Ensure to pass the Uniform CPA Exam, qualify the AICPA Ethics Exam, and gain the required experience within eight years immediately before the OBA receives the licensure application.

Contents

Oregon CPA Exam Requirements

  • Eligibility RequirementsFeesRequired Documents

Oregon CPA License Requirements

  • Education RequirementsExam RequirementsExperience RequirementsEthics Requirements

Continuing Professional Education (CPE)

Oregon Exam Information & Resources

Oregon CPA Exam Requirements

To qualify for the Oregon CPA License, you must pass all four sections of the computer-driven examination. The licensure test evaluates your knowledge of basic accounting principles and their application in real-life scenarios. 

The American Institute of Certified Public Accountants (AICPA) administers the exam along with the National Association of State Boards of Accountancy (NASBA) at Prometric test centers. 

It requires you to score a minimum of 75 points on a scale of 0-99 in each 4-hour long section. You have a rolling 18-month period to complete the Uniform CPA Exam, starting when you pass the first section. 

  • Business Environment & Concepts (BEC Exam SectionBEC Exam SectionThe BEC CPA Exam (Business Environment and Concepts) exam section evaluates your understanding of the general business environment and your duties and responsibilities as a CPA towards it. It assesses your ability to recognize and scrutinize situations related to Financial reporting, Financial statement audit and attestation and Tax preparation
  • read more)Regulation (REG Exam SectionREG Exam SectionREG CPA Exam (Regulation) exam section tests a candidate’s competency in applying the concepts of federal taxation, business law, and ethics. It is a four-hour exam with 15 minutes break.
  • read more)Auditing & Attestation (AUD Exam SectionAUD Exam SectionAuditing and Attestation (AUD) is one of the four Uniform Certified Public Accountant (CPA) Exam sections to be passed for CPA licensure. With a complex exam format, tricky questions, and an exhaustive list of topics to study, you will benefit from some quick tips on the art of preparing for the AUD CPA exam section.read more)Financial Accounting & Regulation (FAR Exam SectionFAR Exam SectionThe Financial Accounting and Reporting (FAR) CPA Exam section tests a candidate’s competency in understanding and applying financial accounting and reporting standards.read more)

Each section comes with five testlets and two question types, i.e., Multiple-choice Questions (MCQs) and Task-based Simulations (TBSs). In addition, only BEC has an extra item type, i.e., Written Communication Tasks (WCTs). 

Eligibility Requirements

Candidates must earn 150 semester hours (225 quarter hours) with a bachelor’s degree from a regionally authorized college including, 

  • 24 semester hours (36 quarter hours) in upper-division accounting courses,24 semester hours (36 quarter hours) in accounting or related courses, including:Lower-division accountingFinanceEconomicsData analyticsBusinessOral or written communications

  • Lower-division accountingFinanceEconomicsData analyticsBusinessOral or written communications

Please note that upper-division courses are categorized as 300 level or over. Moreover, a maximum of 4 semester hours (6 quarter hours) of internship courses are allowed. 

Apply for the Uniform CPA Exam through OBA with application fees and a 2×2 passport-style photograph. For the complete application process, refer to the OBA website. 

Fees

Initial and re-examination candidates must pay the application fees to OBA. However, they must pay the examination fees to NASBA through a NASBA payment coupon. 

You must apply for exam sections that are possible to take up within six months. It is because the Notice-to-Schedule (NTS) expires after that, and you will have to re-apply. 

Required Documents

Submit the following documents to OBA within three months from the date your application is received:

Oregon CPA License Requirements

Here is the list of requirements for Oregon CPA aspirants.

The state has no pre-conditions for minimum age, citizenship, or residency. Apply for the CPA License through OBA along with the required documents and fees.

Education Requirements

Ensure to obtain a bachelor’s degree from a regionally approved institute with 150 semester hours. For more details, refer to the Oregon CPA Exam Requirements section. 

Exam Requirements

CPA Exam is a 4-part test to be passed within the rolling 18-month period. Applicants must score at least 75 points on a scale of 0-99 in each section. Further information is mentioned in the Eligibility Requirements section.

Experience Requirements

You must complete: 

  • At least 12 months of full-time work experience, or2000 hours of equivalent part-time work experience over a timespan of a minimum of 12 months

Ensure to demonstrate the core competencies in attest, tax, and industry & government to the satisfaction of the state board. It includes attestation of engagements, tax return preparation, financial advisory services, and compliance and internal control evaluation. Furthermore, an active CPA must supervise your work experience.

Ethics Requirements

CPA licensure applicants must attempt and pass the written exam on professional ethics to satisfy this requirement. Note that candidates must take the ethics exam only after passing all the CPA exam sectionsCPA Exam 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. Candidates can apply for the ethics course and exam through the following two organizations:

  • AICPAOregon Society of CPAs (ORCPA)

Check out all the details of the ethics course offered by AICPA here. 

Continuing Professional Education (CPE)

Oregon CPAs must gain 80 CPE credit hours biennially to continue offering competent public accountancy services. They may complete the required hours through programs offered by NASBA National Registry Sponsors.

Here is all you need to know.

The most significant aspect of becoming a CPA is choosing the state you wish to be licensed. Though passing the CPA Exam and meeting other license requirements may seem daunting at first, gaining your accounting license in Oregon will open up plenty of lucrative career options. 

You must start the preparation as soon as you enroll in college. It will save a lot of time and ensure better results. Needlessly, Oregon is a welcoming state for individuals planning to dive into the CPA profession. Also, you may have a look at the CPEs for CPACPEs 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.

Oregon Exam & Information Resources

  1. Oregon Society of CPAs (https://www.orcpa.org/)

Mailing: PO Box 4555, Beaverton, Oregon 97076

Office: 10206 SW Laurel Street, Beaverton, Oregon 97005

Main: 503-641-7200

Toll-free: 800-255-1470

Fax: 503-626-2942

  1. Oregon Board of Accountancy (https://www.oregon.gov/BOA/)

Board of Accountancy

200 Hawthorne Avenue SE, Suite D450

Salem, Oregon 97301-5289

Main: 503-378-4181

FAX: 503-378-3575

Email: [email protected]

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

220 Leigh Farm Road

Durham, NC 27707-8110

Fax server: 800.362.5066

Phone number: 888.777.7077

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

150 Fourth Ave. North

Suite 700

Nashville, TN 37219-2417

Tel: 615-880-4200

Fax: 615-880-4290

A Guide to South Oregon CPA Exam & License Requirements. Here we discuss all the aspects of the Oregon CPA license like eligibility, fees, documents, etc. You may also have a look at the below articles to compare CPA with other examinations –

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