Aspiring CPAs in South Dakota are stepping into a profession that is continually adapting to technological advancements and changing demands. As highlighted in The CPA Journal, the accounting field has evolved dramatically, with tools and techniques that were common 30 years ago now rarely seen.
This evolution underscores the importance of CPAs being ready and willing to adapt to a changing technological environment. South Dakota reflects this adaptability in its CPA licensure requirements, maintaining traditional educational standards while also being open to the evolving needs of the profession.
Steps to CPA Licensure in South Dakota
- Meet education and verified work requirements.
- Pass all sections of the CPA Exam by studying with a CPA review course.
- Complete the AICPA Ethics Exam.
- Fill out and submit all required CPA license application paperwork.
- Pay the CPA license application fee.
CPA License Specific Guidelines
- Age Requirement: No age requirement
- U.S. Residency: NOT required
- State Residency: NOT required
Education Requirements
- Bachelor’s degree or higher with a degree in accounting
- 150 semester units from an accredited university
- Accounting courses: 24 semester hours
- Business courses: 24 semester hours
*Note: Candidates may sit 100 days prior to graduation
Work Experience
- 2,000 hours of accounting experience completed within 3 years of passing the CPA exam
- Experience must be certified by an active CPA licensee
Ethics Exam
- Passing of the AICPA ethics exam is required
- AICPA Ethics Exam course is priced at $299, with a discounted rate of $245 available exclusively for AICPA or CIMA members
Topics Covered: The exam focuses on the AICPA Code of Professional Conduct, which outlines the ethical principles that CPAs must follow. Key topics include independence, integrity, objectivity, general standards, acts discreditable, and others related to ethical conduct in accounting. The exam also addresses real-world scenarios, requiring candidates to apply ethical principles to specific situations.
South Dakota CPA Exam and Fees
The cost to take all four sections of the CPA exam in South Dakota is $980.00. The re-examination registration fee is $30 per section.
| Auditing and Attestation (AUD) | $285 |
| Business Environment and Concepts (BEC) | $285 |
| Financial Accounting and Reporting (FAR) | $285 |
| Regulation (REG) | $285 |
| Application Fee | Already included |
**Important Note: You should not apply and pay for exam sections that will not be taken within six months because your Notice to Schedule (NTS) in South Dakota expires 6 months after issuance.
South Dakota CPA Exam Changes
The CPA licensure process is undergoing significant changes under the CPA Evolution initiative, a joint effort by the NASBA transition policy and the AICPA. Starting in January 2024, the Uniform CPA Examination will adopt a new model, transitioning to a Core + Discipline structure. This model begins with a robust core in accounting, auditing, tax, and technology, which all candidates must complete. Subsequently, candidates will choose a Discipline section to demonstrate deeper skills and knowledge in one of three areas: Business Analysis and Reporting (BAR), Information Systems and Controls (ISC), or Tax Compliance and Planning (TCP).
As a CPA expert, I advise aspiring CPAs in South Dakota to immerse themselves in the state’s diverse industries and connect with local professional networks. This approach not only enriches your skillset but also opens doors to unique career opportunities.
Bryce Welker, CPA
Local CPA Organizations and Networks in South Dakota
CPAs in South Dakota can benefit greatly from joining local professional organizations and networks. These organizations offer resources such as continuing professional education (CPE), networking opportunities, and professional development seminars.
- South Dakota CPA Society (SDCPAS): The SDCPAS is a key resource for CPAs in the state, offering a range of benefits including CPE courses, networking events, and advocacy. The society also provides updates on state-specific accounting regulations and standards.
- American Institute of CPAs (AICPA) – South Dakota Chapter: While the AICPA is a national organization, its South Dakota chapter focuses on addressing the specific needs of CPAs in the state. The chapter organizes local events and provides resources tailored to the South Dakota accounting community. Visit their page for more details: AICPA – South Dakota Chapter.
By engaging with these organizations, CPAs in South Dakota can stay informed about industry trends, enhance their professional skills, and build a strong network within the local accounting community.
SD Exam Information and Resources
- South Dakota CPA Exam Candidates
- South Dakota CPA License FAQ
- South Dakota CPA Examination Application
For more details, please contact:
South Dakota Board of Accountancy
301 East 14th Street, Suite 200
Sioux Falls, SD 57104
Email: [email protected]
Phone: 605-367-5770
Fax: 605-367-5773
FAQs
An individual employed by a licensed CPA firm must obtain a certificate within 90 days of meeting the experience requirement. Failing to apply within this period incurs a $50 additional fee
Yes, applicants must apply for a certificate within three years of passing the CPA exam. After three years, the exam application expires and exam grades are nullified unless the applicant shows good cause for not applying within this period.
The requirement is 2,000 hours of accounting experience completed between one and three years. For performing attest functions, the requirement includes 375 hours in compilations, audits, or reviews. Applicants must apply for a certificate and pass the AICPA ethics exam within 90 days of completing this requirement.
Holders of an active CPA certificate must comply with a 120-hour CPE requirement within a rolling three-year period, reporting a minimum of 20 hours per year.
While South Dakota does not require you to maintain your license in the state where reciprocity was granted, it is recommended to check with that state’s board for compliance with their regulations. Failing to maintain the license may result in fines and potential re-examination requirements.
Yes, passing the AICPA ethics exam is a requirement for CPA licensure in South Dakota.
Yes, South Dakota offers license reciprocity, but you must meet the state’s specific licensure requirements.
There are no specific age or residency requirements, but you must meet educational and experience prerequisites.
CPA licenses in South Dakota must be renewed every three years, with compliance to CPE requirements.
Foreign-educated accountants must get their credentials evaluated for equivalency and then follow the standard CPA licensure process in South Dakota, including the CPA exam and experience requirements.
Yes, you can take the CPA exam in South Dakota with out-of-state education, but ensure your qualifications meet South Dakota’s CPA requirements, including a transcript review by the state board.
Military personnel and veterans may have access to special accommodations or expedited processes for CPA licensure in South Dakota. Contact the state board for specific military-related provisions.
Bryce Welker is a regular contributor to Forbes, Inc.com, YEC and Business Insider. After graduating from San Diego State University he went on to earn his Certified Public Accountant license and created CrushTheCPAexam.com to share his knowledge and experience to help other accountants become CPAs too. Bryce was named one of Accounting Today’s “Accountants To Watch” among other accolades. As Seen On Forbes
