CPE Reporting, CPA Firm Administrative Responsibility Reporting and Peer Review Reporting Period - July 7, 2009 - August 31, 2009

AGENCY: Energy, Labor, & Economic Growth

 
CPE REPORTING

If you mailed your CPE reporting form, you will not receive confirmation from the Department.  You may continually check to see if your information has been updated online at http://www.michigan.gov/dleg/0,1607,7-154-35299_35414_35451-121131--,00.html. 

Note that the online reporting program has been inactivated; therefore, if you have not reported you are required to mail your completed CPE reporting form to P.O. Box 30018, Lansing, Michigan  48909.

If you entered your information incorrectly, either online or on the mailed form, please send a revised form to the address listed above.  Please indicate that the submission is a revision.

If you need a blank form, you can access them here:

FIRM:  http://www.michigan.gov/documents/dleg/2009-1102-1_285474_7.pdf

INDIVIDUAL:  http://www.michigan.gov/documents/dleg/2009-1101-1_285469_7.pdf

You should only report hours earned after your date of certification. If you were certified for the first time between July 1, 2007 and June 30, 2008, you only need to report 40 CPE hours. If you received your CPA certificate between July1, 2008 and June 30, 2009, you are exempt from reporting any CPE for this reporting period. If you are a new licensee that is exempt from reporting but you have earned CPE since your license was issued, you must report those hours now in order to carry-over those hours for the next CPE period.  This information does not apply to licensees who received a reciprocal certificate between July 1, 2007 and June 30, 2009. Hours reported in excess of what is required will be counted as carry-over hours for the next CPE period.  

If currently in "registered only" status and you wish to remain registered, you do not need to report any continuing professional education hours. If you are currently licensed, but do not wish to continue practicing public accounting, you do not need to maintain your license and report CPE hours. If you wish to change to registered status you may do so by checking "registered status" on the renewal application that will be mailed to you in November.

NOTE:  YOUR "LICENSE" AND "PERMANENT ID" NUMBERS ARE ONE AND THE SAME.

CPA FIRM ADMINISTRATIVE RESPONSIBLITY REPORTING

YOUR PRINT AUDIT NUMBER IS A SEVEN (7) DIGIT SET OF NUMBERS LOCATED ON THE RIGHT HAND SIDE OF THE EXPIRATION DATE ON YOUR PRINTED FIRM LICENSE. 

An Individual with Administrative Responsibility is the person who is administratively responsible for a public accounting firm.  This individual is required to be a licensed Michigan certified public accountant.

PEER REVIEW

Each firm or sole proprietor that performs attest services, including audits, reviews, and compilations with disclosures that are relied upon by third parties, shall participate in a peer review program.

In order to comply with the peer review reporting requirements provided by MCL 339.729(2) and Rule 501(2), you will be required to ensure or submit one of the following to the Department:   

1. Ensure that your peer review results are posted and available on the AICPA's FSBA website; or,

2. Beginning January 1, 2010, you may file a copy of your "Acceptance Letter"; "Review Scheduling Approval Letter"; or, "Peer Review Program Engagement Letter" to the Department.  The Department will notify you if further documentation will be necessary.

NOTE:  Report directly to the Department any adverse (fail) or second modified (pass with deficiency) report received from your Qualified Sponsoring Organization (QSO).  Notification to the Department must occur within 30 days from the date of your notification from your QSO and must include a copy of the QSO notification.  The Department will notify you if further documentation is required.    

For more information regarding the State of Michigan's peer review renewal requirements go to  www.michigan.gov/accountancy  or www.michcpa.org .