Puerto Rico

License Renewal Deadline:

12/1 triennially

CPE Reporting Period:

8/1 to 7/31 triennially

Total CPE Hours Required:

120 hours*

Ethics Requirements:

Three (3) hours of professional ethics for CPA practitioners and non-practicing CPAs

Credit Limitations:

• Daily Limitation: 10 hours maximum per calendar day
• Published Materials: Credit for authoring published materials is limited to 60 hours.
• Self-Study:
  • Credit is limited to 50% of the total hours required.
  • Interactive courses approved by the NASBA QAS will receive full credit.
  • All non-interactive or non-QAS approved courses will receive half credit.
• Subject Areas:
  • For CPAs in Public Practice and Private Practice, no more than 24 hours may be reported in communication, behavioral sciences, public relations, and sales of securities.

Other Subject Area Requirements:

Forty (40) hours in Accounting, Auditing, and Tax:

• For CPAs in Public Practice:
  • 28 hours must be Accounting and Auditing, and 12 hours must be Tax, or
  • 28 hours must be Tax, and 12 hours must be Accounting and Auditing
• For CPAs in Private Practice:
  • A minimum of 30 hours with a maximum of 60 hours in industry-specific subjects

Other State Policies:

Program sponsors must be approved by the Puerto Rico Board, be approved by NASBA’s Sponsor Registry, or fall into one of the categories below for automatic approval:

• Puerto Rico CPA Society
• Organization specifically authorized on a request basis by the Puerto Rico Board of Accountancy
• AICPA

Credit may be obtained for the supervision of thesis and seminar-type graduate courses if the work contributes to the CPA’s professional competence.

Grace Period: The CPA who does not meet the minimum credit hours required in a period of renewal may correct deficiencies during the period from August 1 until November 30 of the year in which their CPA license expires. Credit hours accumulated during this period for the purpose of remedying a deficiency will not be counted for the next period of reporting CPE requirements.