Mississippi CPA Exam and License Requirements

Last Updated :

-

Blog Author :

Edited by :

Reviewed by :

Table Of Contents

arrow

Mississippi CPA Exam

Mississippi CPA (Certified Public Accountant) License entitles a qualified individual to pursue public accountancy in Mississippi. There are specific education, exam, and other requirements for attaining a Mississippi CPA license. 

Mississippi CPA Exam & License Requirements

The Mississippi State Board of Public Accountancy issues a CPA license. It follows the one-tier licensing system. This implies that you can directly apply for a CPA license by fulfilling all the requisites without applying for a CPA certificate first.

Please note that it doesn’t participate in the International CPA Examination Program. Here lies the detailed guide on Mississippi CPA Exam and license requirements. 

ParticularsRequirements
Minimum ageNot required
U.S. CitizenshipNot required
Mississippi residencyRequired
Social securityRequired
Good moral characterRequired
Education requirement for CPA ExamBachelor’s degree with 120 semester hours  
CPA Exam requirement75 points in each exam section
Education requirement for licensure150 hours
Experience requirement for licensure1-year general accounting experience
Ethics examNot required

Contents

Mississippi CPA Exam Requirements

Mississippi CPA License Requirements

Continuing Professional Education (CPE)

Mississippi Exam Information & Resources

Mississippi CPA Exam Requirements

The Uniform CPA exam is a 16-hour-long automated assessment. It is designed to test your know-how and ability to perform as an entry-level CPA. Passing the CPA Exam is the key requirement in all states for acquiring a CPA license.

This includes four exam sections to be passed within the rolling 18-month period (beginning from the testing date of your first passed section). Let's take a look at some aspects of the CPA Exam. 

ParticularsDetails
Regulatory bodyAmerican Institute of Certified Public Accountants (AICPA)
National Association of State Boards of Accountancy (NASBA)
Exam duration4-hour each section
The time limit for passing the CPA Exam18 months (from the testing date of your first passed section)
Exam sectionsAuditing & Attestation (AUD)
Business Environment & Concepts (BEC)
Financial Accounting & Reporting (FAR)
Regulation (REG)
No. of testlets5 in each section
Passing score75 points on a scale of 0-99 in each exam section
Question typesAUD, FAR, & REGMultiple-choice questions & Task-based simulations
 BECMultiple-choice questions, Task-based simulations, & Written communications tasks
Best CPA Review

Eligibility Requirements

CPA exam applicants must hold a baccalaureate degree from an authorized institute with at least 120 semester hours. Ensure to complete the requirement before sitting for the examination. 

Moreover, earn a total of at least 48 semester hours in:

  • Accounting courses (no less than 24 hours) with at least 3 semester hours each in,
    • Financial Accounting
    • Taxation
    • Auditing
    • Government/Not-for-Profit Accounting
    • Management/Cost accounting
  •  Business-related courses
Mississippi CPA Exam Education Requirement

Applicants with foreign academic documents must only request NASBA International Evaluation Services (NIES) for a course-by-course evaluation. 

Submit your exam application, fees, and transcripts to the Mississippi State Board of Public Accountancy. Please visit the State Board website for more details.

Fee

First-time applicants:

ParticularsAmountTotal Fees
Application fee-$150
Examination fees--
AUD$238.15 
BEC$238.15 
FAR$238.15 
REG$238.15$952.6
Total Fees-$1,102.6

Re-examination candidates:

CPA Exam sectionsExam Fees (per section)Total Exam Fees (all sections)Registration FeesTotal Fees
4 exam sections$238.15$904.6$135$1039.6
3 exam sections$238.15$678.45$115$793.45
2 exam sections$238.15$452.3$95$547.3
1 exam section$238.15$226.15$75$301.15

Know that both application and examination fees are non-refundable. So, Mississippi CPA exam applicants must sit for the applied section(s) within six months (Notice-to-Schedule expiry period). 

Required Documents

Here is the list of essential documents:

  1. Official school transcripts
  2. International Evaluation Summary report (if applicable)
  3. Testing Accommodations Request form (if applicable),
  4. Proof of residency, i.e.,
    • Place of voter registration
    • Vehicle registration and tags
    • Mississippi State Resident Income Tax Returns 
    • Qualifying for Homestead exemption in Mississippi and payment of real estate taxes to the jurisdiction
    • Mississippi college or university graduate

Your school must submit the official transcripts to the state board directly, whereas you or NIES may send the evaluation summary. In addition, you must also submit the proof of residency and Testing Accommodations Request form to the state board. 

Mississippi CPA License Requirements

Here is what you need to attain the Mississippi CPA License:

  • Mississippi residency
  • Good moral character (online background check)
  • Social security number
  • 150 semester hours of education
  • At least 75 points in each section of the Uniform CPA Exam
  • One year of work experience

After fulfilling all requirements, you must submit the CPA license application to the Mississippi State Board within three years of passing the CPA exam. Kindly check the online application on the Mississippi State Board’s website. 

Education Requirements

Mississippi CPA licensure applicants must complete 150 semester hours with, 

  • A bachelor’s degree from an accredited college or university
  • A total of at least 48 semester hours in accounting and business-related courses. 

Further information is explained in the Eligibility Requirements section. 

Exam Requirements

Candidates must score at least 75 points in all four CPA exam sections. Furthermore, ensure to pass the test in the rolling 18-month testing period. For more details, check the Mississippi Exam Requirements section. 

Experience Requirements

Once you pass the CPA exam, ensure to obtain at least one year of full-time work experience in the next three years. Moreover, you must gain experience under the supervision of a licensed CPA.

Here are the acceptable services and fields for gaining experience:

Mississippi Experience Requirement

Licensing Fees

ParticularsFeesAmountTotal
Original Mississippi CPA License applicationRegistration Fee$110 
Board Processing Fee$100$210
Reciprocal CPA License in Mississippi applicationRegistration Fee$110 
Board Processing Fee$100$210
Reinstatement of CPA License applicationRegistration Fee$110 
Board Processing Fee$200$310
Annual CPA License Registrations FeesRegistration Fee$110$110
Late fee$150$260

Continuing Professional Education (CPE)

Mississippi CPAs must earn 40 CPE credit hours every year to sustain their accounting license. Also, they should enroll in the learning programs offered by board-approved sponsors to obtain the required credit hours. Let’s check out the details here. 

ParticularsDetails
License Renewal DateJanuary 1
CPE Reporting PeriodJuly 1-June 30 (Annually)
CPE hours Requirement40 hours every year
Ethics Requirement4 hours with at least 1 hour exclusively in Mississippi Public Accountancy Law & Regulations
Credit limitationsPersonal DevelopmentMaximum 20 hours
Published MaterialsBased on published document submission & credits request
Self-studyCourses approved by the NASBA Quality Assurance Service program
Other State PoliciesCarryoverMaximum 20 hours earned in excess of 40 CPE credit hours annually
ReportingReport CPE hours (even 0) on the Board-prescribed reporting form by August 1
Exemption for non-resident licensees
  • Their primary employment is in a substantially equivalent state.
  • They report CPE hours in the primary employment state.
  • They fulfill the Mississippi ethics CPE requirement (unless they meet their state of primary employment ethics CPE requirement).

All the best to the aspirants, and congratulations to the newly licensed CPAs! Needlessly, passing the CPA Exam and gaining the Mississippi CPA License by meeting all requirements implies that you are the crème de la crème of the accountants. Moreover, it guarantees you a long and profitable career with an average annual salary of $74,718 in the state of Mississippi. 

From Jackson or Laurel to Tupelo or Ridgeland, you can start your accounting career in any city. However, remember to keep yourself updated on the CPA exam and licensure policies through the Mississippi State Board. 

Mississippi Exam Information & Resources

1. Mississippi State Board of Public Accountancy (https://www.msbpa.ms.gov/)

5 Old River Place, Suite 104

Jackson, Mississippi 39202-3449

Phone: (601) 354-7320

Fax: (601) 354-7290

2. Mississippi Society of CPAs (https://www.ms-cpa.org/)

306 Southampton Row

The Commons, Highland Colony Parkway

Ridgeland, Mississippi 39157

Phone: 601-856-4244

Fax: 601-856-8255

E-mail: mscpa@ms-cpa.org

3. Mississippi Attorney General (https://www.ago.state.ms.us/)

P.O. Box 220, Jackson MS 39205

550 High Street, Jackson MS 39201

Phone: 601-359-3680