Michigan CPE Courses for CPAs

Michigan CPE: Helping You Stay Ahead Of the Game

Once you become a licensed CPA in Michigan, you must pursue Michigan CPE CPA requirements to maintain your license’s active status and enhance your professional competence. But before you start planning to meet your Michigan CPE requirements for CPA, you must develop a clear comprehension of them.

As CPE requirements vary from one state to another, without knowing Michigan CPA CPE requirements clearly, it’ll be impossible to chalk out an effective study plan. To help you out, we’ve created this page covering all the important details related to the state of Michigan's CPE requirements for CPAs.

Let’s start with the basics.

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Michigan CPE: Fundamental Guidelines

Here’re the basic Michigan CPE requirements for CPA that you need to keep in mind.

• Michigan has a biennial license renewal period. You must renew your license by 31st July every other year.
• The CPE reporting period is also biennial in Michigan. It runs from July 1 to June 30 biennially.
• You’re required to obtain 80 CPE credits every two-year period. And you must obtain at least 40 credits every year.
• You must obtain four credits in ethics every two-year period. The minimum annual ethics requirement is two credits.
• Among these four credits, one must be in Michigan-specific ethics.
• Each year, you’re required to obtain eight CPE credits in accounting and auditing.

Michigan CPE Requirements for CPA: Credit Limitations

Here’re the credit limitations you need to remember when pursuing Michigan CPE.

• Self-study programs

If you choose to take Michigan CPE self-study courses, you can obtain a maximum of 20 credits (50%) each year.

• Instruction

In this method also, you can obtain a maximum of 20 credits each year.

• Blended learning

You’re allowed to fulfill your Michigan CPE requirements by choosing blended learning as long as your credit amount remains within the present rounding rules.

If you find it difficult to record and manage your Michigan CPE credits, use the Michigan CPE tracker to make the process a hassle-free one. All you need to do is to enter the details of all your CPE credits into the tracker. You also need to use this tracker to renew your license.

Michigan CPA CPE Requirements: Other Guidelines

Here’re some vital guidelines that you need to follow when meeting your Michigan CPA license CPE requirements.

• If you fail to renew your license on time, your late renewal period will start. It begins on August 1 and has a duration of 60 days. Within this timeframe, you can renew your license without facing the process of re-licensure or any CPE penalties.
• If you fail to obtain your required CPE credits in a CPE reporting period, you’ll have to earn four penalty credits for every month that you need to remove your deficiency. And these credits will be in addition to your 80 credits. You’re also not allowed to use these additional credits to meet your Michigan CPA CPE requirements to renew your license.
• If you’ve received your CPA license through CPA reciprocity or are a new licensee in Michigan, you don’t need to pursue Michigan CPE for the initial 12 months for your license in the state.
• If you obtain more CPE credits in addition to your minimum requirement of 40 credits, you can carry them forward into the next year. However, you’re allowed to carry forward a maximum of two CPE credits in ethics and eight credits in accounting and auditing.
• If you’ve taken a course and have already obtained credits for it, you can take it again during the CPE period but won’t receive any credits for it. This rule applies if the content of the program hasn’t been changed significantly. However, you’re allowed to take the same course in separate CPE years.
• You should keep all the details related to your CPE programs in Michigan for a minimum of four years.
• If you’ve got a current CPA license in a different state and are meeting its CPE requirements, you can use CPA reciprocity to renew your license. However, if your home state doesn’t have any CPE requirements, you must fulfill Michigan CPE requirements for CPA.
• If you’re a registered CPA, you also need to renew your license biennially. Your renewal year will be based on when you changed your status from licensed to registered. But you don’t need to do Michigan CPE reporting to renew your license.
• If you want to change your lapsed or registered status to active one, you must obtain CPE credits for one full year within 12 months immediately before applying for re-licensure. As mentioned above, this includes 40 CPE credits. One of them needs to be in general ethics, one of them needs to be in Michigan-specific ethics, and eight of them have to be in accounting and auditing. You must submit all your certificates of completion when you apply for re-licensure.
• The MICPA doesn’t pre-approve any CPE programs, meaning it’s your responsibility to find qualified CPE providers. Qualified CPE sponsors have to follow the NASBA guidelines. Therefore, it’s best to join a CPE sponsor that’s listed on NASBA’s National Registry of CPE Sponsors.

Michigan CPE Self-Study Programs and Group Live Programs: The Differences

Self-study programs and group live programs are two sought-after methods to pursue Michigan CPE. Let’s see the major differences between these two methods.

Self-Study Programs

• You get immediate online access to the programs after you buy them.
• You need to complete the study materials without the presence of a live instructor.
• You need to clear a final exam to obtain your credits.

Group Live Programs

• You get to choose from in-person programs, live courses, and other online options.
• You can interact with a live instructor and have your queries clarified.
• You need to attend the program at a pre-scheduled time and date and your attendance is monitored during the program.

Michigan CPE Requirements: Methods to Calculate Your Credits

Since you get to choose from different methods to fulfill your State of Michigan CPE requirements for CPA, be sure to use these methods to calculate your credits properly.

• Partial credits

There are three categories in which you can obtain partial credits. Let’s take a look at them.

1. If you take self-study programs, your first credit has to be at least one-half. After that, you can obtain credits in one-half or one-fifth hour increments.
2. If you attend blended learning programs and group programs, your initial credit needs to be a full one. After that, you may earn credits in one-half or one-fifth hour increments.
3. If you choose nano learning to pursue Michigan CPE, you may earn credits in one-fifth hour increments.

• Instruction

In this method, your credits will be equal to three times your presentation.

• College or University programs

For university/college courses, you get 15 CPE credits for completing one semester hour and 10 credits for finishing one quarter hour. If you take non-credit courses, you get one credit for completing every classroom hour.

Using the Michigan CPE Tracker

The Michigan CPE tracker can be used by every CPA in the state. In order to use it, you need to have an account on the MICPA website. Once you log into this website, here’re the steps you need to follow:

• Obtain all your required CPE credits by the deadline of your CPE reporting period. Then you need to enter their details into the tracker.
• Then you need to enter the details of your carryover credits into it. These credits should be for both years of your CPE reporting period.
• Then you need to click on the button that says “Send to LARA” and select the “License Renewal” option from a drop-down menu available on the page.
• Then you need to have your tracker code generated.
• Once you’ve received your tracker code, you need to log in to the MiPLUS portal of LARA. There, you need to enter the tracker code and pay your license renewal fee.

Michigan CPE: Exemptions

If you don’t offer professional services to any third parties and come under any of these categories, you don’t need to fulfill the Michigan CPE requirements for CPA.

• You’re an unemployed individual
• You’re a retiree
• The formal status of your license with AICPA is “inactive”
• You’ve left the workforce intentionally

If you’re an active CPA, you can seek waivers for Michigan CPA CPE requirements on these grounds:

• Military service
• Health conditions
• Natural disasters
• Other similar instances

Meeting Michigan CPE Requirements for CPA: Choosing Between Free and Paid Courses

Since the cost of pursuing Michigan CPE is a significant one, taking free CPE courses will certainly help ease your burden to a good extent. However, there are some important factors that you need to keep in mind when deciding between free and paid courses.

• Free courses

First of all, it’s nearly impossible to find free courses to meet all of your Michigan CPE requirements. For instance, you may not be able to find Michigan ethics CPE free courses. Another vital thing is that CPE sponsors don’t generally offer high-value courses or courses on trending topics for free.

Therefore, when your objective is to enhance your professional competence and meet your Michigan CPE requirements for CPA at the same time, taking free courses may not be of much help.

Some sponsors do offer free webinars to help CPAs meet their CPE requirements. But these webinars are often held during business hours and hence, attending them may not be a feasible option for all CPAs. Additionally, if you fail to attend a webinar properly or cannot answer the poll questions due to technical issues, you won’t be able to obtain any credits.

However, if you want to obtain a few credits for free and check the quality of the programs offered by a certain sponsor, you can always take a few free courses.

• Paid courses

With paid CPE courses, you can take whatever program you want within your budget. For example, you can take Michigan CPA ethics CPE courses from several sponsors. But if you have a budget constraint, you should choose your CPE sponsors judiciously.

This is because some providers offer really expensive courses while others offer quality programs at affordable price tags. If you choose the former ones, your total cost of pursuing Michigan CPE can easily be a significant one.

On the contrary, if you join a sponsor that offers quality yet affordable courses, you’ll be able to fulfill your Michigan CPE requirements for CPA in a cost-efficient manner and with complete peace of mind.

In the next section, we’ll discuss a couple of important factors that’ll help you choose such a sponsor.

Fulfilling Michigan CPA CPE Requirements: Choosing a Quality yet Affordable Sponsor

With a large number of CPE sponsors available in the market, it’s an uphill task to find an affordable sponsor that offers quality Michigan CPE programs. Here’re the factors that you should try to check when looking for a sponsor.

• A good collection of courses

Without having access to a large number of courses, it’ll be very difficult to meet your Michigan CPE requirements for CPA and expand your knowledge and skills simultaneously. You should try to find a provider that not only offers programs for fulfilling Michigan CPA CPE requirements but also has courses on a wide variety of important topics.

• A good team of authors and instructors

Experienced authors and instructors have the ability to explain complex topics in a simple manner, helping you internalize the topics quickly and clearly. Also, when you take courses, which are developed by current CPAs, you can rest easy knowing that you’re learning the most recent topics.

To check these, you should take a look at the customer reviews of your chosen sponsor. By going through the reviews, you’ll get a good understanding of whether or not the sponsor offers quality and affordable programs.

Closing Thoughts

We hope that by now, you’re feeling confident about embarking on your Michigan CPE journey. If you have any other questions related to how our expert team can help you fulfill your Michigan CPE requirements for CPA efficiently, feel free to talk to us.

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