Maine CPA Requirements (Rules on Exam and Licensing)

Maine CPA requirementsMaine is a relatively easy state in which to sit for the exam, as it requires you to earn only 15 credit hours in accounting.

However, the Board has a strict experience requirement: they require 2 years of public accounting experience — some non-public accounting experience may be considered, but this is subject to Maine State Board’s discretion.

It also strictly requires a social security number.

Maine CPA Requirements

1. Education Requirements to Sit for the Exam

  • Bachelor degree or above.
  • Fulfill at least 120 credit hours.
  • Accounting courses:
    • 15 credit hours in accounting, auditing and/or ethics.
    •  At least 3 credit hours in accounting and 3 hours in auditing.
  • Educational requirements must be met within 120 days of completing the CPA Exam.

2. Additional Maine CPA Requirements to Get the License

Education

  • 150 credit hours from an accredited university or educational institution.
  • Accounting courses: 15 credit hours ( 3 in accounting, 3 in auditing, and ethics).

Work Experience

  • 2 years of public accounting work experience:
    • at least 400 hours in audit, review, and compilation.
    • at least 200 hours in advisory services.
    • non-public accounting may be counted if it is deemed substantially equivalent to public accounting.
  • The experience has to be supervised by US CPA or equivalent. Please check with the Board on the definition of CPA equivalent.
  • Part-time work can be counted: 2,080 hours is equivalent to 1 year of full time employment; 173 hours is equivalent to 1 month of full-time employment.

The NASBA Experience Verification service is available to those who do not have access to an active U.S. CPA for verification.

Ethics Qualification

  • None required.

3. Maine CPA Requirements on Residency & Age

  • US citizenship not required.
  • Maine residency not required.
  • Minimum age: none.

Note on Social Security Numbers

The disclosure of your social security number is mandatory in the license application form. Catherine Caroll kindly confirmed the understanding via email:

Yes, Maine Law requires individuals seeking licensure with this department must provide a social security number issued by the U.S. Social Security Administration.  There is no exemption to this provision even to those previously licensed.

Yours truly,

Catherine
Catherine M. Carroll
Board Administrator

4. Fees

  • First-timers: $774 + application fee

5. Continuing Education

CPE is a must for license holders. Click here for Maine CPA CPE requirements.

6. Other Useful Information

7. Contact

Maine Board of Accountancy
Department of Prof. & Fin. Regulation
Office of Lic. & Reg.
35 State House Station
Augusta, ME 04333-0035

  • Email: cpaes-me@nasba.org
  • Phone: (207) 624-8672
  • Fax: (207) 624-8636

What If the Maine CPA Requirements Don’t Work for Me?

Check out these pages to learn about the educational and experience requirements, with my recommendation at the end of the posts:

If you have questions, feel free to leave a comment below, or visit my Facebook page.

About the Author Stephanie Ng

I am the author of How to Pass The CPA Exam (published by Wiley) and the publisher of this and several accounting professional exam prep sites

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  • Mr. Choton C says:

    Indian Candidate appearing in International location : is it possible to have CPA license. As I read that social security number is required for cpa license application.

  • Ohm Jain says:

    Hi,

    This is Ohm Jain from India

    Can you explain further more on the ‘120 Days’ criteria.

    What do you mean by “120 semester hours must be complete within 120 days”. Let me put a time movement here.

    As of now, I have 90 Semester hours. To fill the gap between 90 to 120 semester hours, I am pursuing a Post Graduation course (Post Graduate Diploma In Public Accounting- PGDPA), which is a one year course, having exams in December 2017.

    December 2017 – PGDPA Exams

    May 2018- Results declared by the university for PGDPA exams ( I’ll get all my credits for PGDPA by this time)

    August 2018- I will get all my grade sheets, transcripts from the university

    At what point of time, will you consider that, I have earned semester hours? Is it May 2018, the result publication date or August’2018, the date, where I receive all my grade sheets.

    Please note that, I’ll get to know whether I passed or failed in the PGDPA exams in the month of May’2018 itself and so credits for the will be awarded by that time itself.

    Its just that, getting my transcripts/grade sheets, will take 1-2 months time from date of publication of results(May’2018)

  • Jay says:

    Hi, Maine is asking for “Reference Letters” with my application for CPA. Should it be sent after passing the exam?

  • Cagil says:

    Thanks for the article. Its very informative.

    I have one quick question though. It is stated that “Educational requirements must be met within 120 days following the actual exam date”. So I am not so clear about that “120 days following the actual exam date” phrase. What is considered to be the “actual exam date”
    May I complete the educational requirements (my missing 3 credits of audit) in 120 days after I give the very last paper of the exam ? Or that 120 days starts with the inception of the very first paper.

    Thanks,

    Cagil

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