Vermont CPA Exam and License Requirements

Updated on March 22, 2024
Article byHimani Bhatt
Edited byHimani Bhatt
Reviewed byDheeraj Vaidya, CFA, FRM

Vermont CPA Exam

Vermont Certified Public Accountant (CPA) License is an accounting credential conferred by the Vermont Board of Public Accountancy to accredited experts. Earning the CPA license requires you to fulfill Vermont-specific exam, education, and other requirements. 

Vermont CPA Exam & License Requirements

You are free to use this image on your website, templates, etc, Please provide us with an attribution linkHow to Provide Attribution?Article Link to be Hyperlinked
For eg:
Source: Vermont CPA Exam and License Requirements (wallstreetmojo.com)

Vermont observes a one-tier licensing system. Under this system, you must pass the CPA Exam 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.

ParticularsRequirements
Minimum ageNot required
U.S. CitizenshipNot required
ResidencyNot required
Social Security Number (SSN)Required
Education Requirement for CPA ExamMinimum 120 semester hours (bachelor’s degree) with 30 semester hours in accounting and business
A passing score in the CPA ExamMinimum 75 points in each exam section
Education requirement for a license150 semester hours with
  • Bachelor’s degree
  • 42 semester hours in accounting, auditing, and related subjects
Experience requirement for licensure1 year of experience in public (or equivalent non-public) accounting
Ethics examBoard-approved ethics course

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

Vermont CPA License Process

You are free to use this image on your website, templates, etc, Please provide us with an attribution linkHow to Provide Attribution?Article Link to be Hyperlinked
For eg:
Source: Vermont CPA Exam and License Requirements (wallstreetmojo.com)

Contents

Vermont CPA Exam Requirements

Vermont CPA License 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 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. 

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. 

Vermont CPA Examination Requirements

You are free to use this image on your website, templates, etc, Please provide us with an attribution linkHow to Provide Attribution?Article Link to be Hyperlinked
For eg:
Source: Vermont CPA Exam and License Requirements (wallstreetmojo.com)

Eligibility Requirements

All Vermont CPA exam applicants must: 

  • Have a good moral character
  • Possess 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 is as follows:

Particulars Deadline
Education requirementsMust be met at the time of application or within 60 days after CPAES receives the application
Documents submission (requirements met at the time of application)Within 45 days of submitting the application
Final official transcript submission (requirements not met at the time of application)Within 120 days after CPAES receives the application

Exclusive Discounts on Becker CPA Exam Review

–>> The #1 Solution for the 2024 CPA Exam. Becker has your Back! – Exclusive offers three review course products, Advantage, Premium, and Pro, with flexible payment plans and special discount offers. Becker offers mobile app, 7400+ multiple-choice questions (MCQs), 450+ task-based simulations (TBSs), 200+ video lectures, 1250+ digital and printed Flashcards, 400+ SkillMaster videos, and plenty of add-ons.

Fees

First-time applicants:

ParticularsAmountTotal Fees
Application Fee$170
Examination Fees
AUD$238.15 
BEC$238.15 
FAR$238.15 
REG$238.15$952.6
Total Fees$1,122.6

Re-examination candidates:

Particulars Amount Total Fees
Application Fee$85
Examination Fees
AUD$238.15 
BEC$238.15 
FAR$238.15 
REG$238.15$952.6
Total Fees$1,037.6

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 applicant can’t withdraw or request a Notice-to-Schedule extension. However, they may request partial exam fee refund or an NTS extension in extreme conditions. 

Required Documents

Candidates must submit these documents to the CPAES:

Required documents Submission
Original official school transcripts (may be submitted electronically)School
Certificate of Enrollment (if applicable)You/School
International Evaluation Summary (if applicable)You/Evaluation agency
Testing Accommodations Request Form (if applicable)You

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

  • NASBA International Evaluation Services (NIES), or
  • National 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 more
  • Exam – Score a minimum of 75 points in each section
  • Experience – Obtain one year of relevant work experience
  • Ethics – 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. 

Vermont CPA License Requirements

You are free to use this image on your website, templates, etc, Please provide us with an attribution linkHow to Provide Attribution?Article Link to be Hyperlinked
For eg:
Source: Vermont CPA Exam and License Requirements (wallstreetmojo.com)

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 institute
  • At 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. 

Vermont CPA License Education Requirements

You are free to use this image on your website, templates, etc, Please provide us with an attribution linkHow to Provide Attribution?Article Link to be Hyperlinked
For eg:
Source: Vermont CPA Exam and License Requirements (wallstreetmojo.com)

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. 

ParticularsRequirements
License renewal dateJuly 31 (odd years)
CPE reporting periodAugust 1-July 31 (Biennially on odd years)
Required CPE hours80 hours every 2 years
Ethics requirement4 hours
Other Subject Area Requirements8 hours in accounting & auditing
Credit limitationsInstructionMaximum 50%
Published materialsMaximum 25%
Credit calculationInstructionCredit = Presentation + Preparation (up to 2 times presentation)
Partial CreditOnly whole hours
University/College1 Semester Hour = 15 CPE hours
1 Quarter Hour = 10 CPE hours
Other State PoliciesMaximum 10 carryover hours allowed (can’t be used to meet accounting and auditing or ethics requirements)

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 the 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

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

PO Box 186

Danville, VT 05828

802 229-4939

3. 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

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

Vermont State House

115 State Street

Montpelier, VT 05633-5301

Ph: (802) 828-2228

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

128 State Street

Montpelier, VT 05633-1101

802-828-2363

Recommended Articles

This article is a guide to Vermont CPA Exam & License Requirements. Here, we discuss the Vermont CPA requirements and license requirements in Vermont. You may consider the following CPA Review providers to prepare for your exams: –

Reader Interactions

Leave a Reply

Your email address will not be published. Required fields are marked *