Guam

Date of Last Revision:    8/5/2020

License Renewal Date
6/30 annually

CPE Reporting Period
1/1 to 12/31 over a three year rolling period

General Requirement
120 hours, with a minimum of 20 per year

Ethics Requirement
6 hours

Other Subject Area Requirements
30 hours in Accounting and Auditing

Credit Limitations

• Personal Development Subjects: Personal development courses are limited to 30 hours.

Credit Calculation

• Instruction: Credit is equal to presentation plus preparation. Preparation is limited to two times presentation. Repeat instruction is only accepted if material is substantially changed.
• Partial Credit:
  • Group programs and blended learning programs must be a minimum of one hour, but credit may be earned in one-fifth or one-half hour increments after the first full hour is earned.
  • Self study programs must be a minimum of one-half credit initially, but may be earned in one-fifth or one-half hour increments after the first full hour is earned.
  • Nano learning is earned at one-fifth credit hour.
• University/College: One semester hour equals 15 CPE hours; One quarter hour equals 10 CPE hours; Non Credit Courses - each classroom hour will equal one qualifying hour.

Other State Policies

• Exemption: A non-resident licensee seeking renewal of a license in Guam shall be determined to have met the CPE requirement of this rule by meeting the CPE requirements for renewal of a certificate, or license, in the state in which the licensee's principal office is located. If a non-resident licensee's principal office state has no CPE requirements for renewal of a certificate, the non-resident licensee must comply with all CPE requirements for renewal of a license in Guam.

• Must be members of NASBA's National Registry or a Board approved program, or fall into a special Board category for automatic approval. All providers, including NASBA sponsors, must register with the Board.

• Grace Period: Applicants who do not meet the requirements by December 31 will be granted an automatic extension until June 1 provided the applicant completes an additional 16 hours (136 hours total) of CPE in accounting and auditing subjects.