License Renewal Date
9/30 annually

CPE Reporting Period
10/01 to 9/30 annually

General Requirement
40 hours per year; A person whose initial license is issued between August 1 and March 31 must complete 20 hours of CPE for the first renewal cycle. A person whose initial license is issued between April 1 and July 31 is not required to complete any CPE for the first renewal.

Ethics Requirement
4 hours of ethics due every 3 years. Acceptable courses include a program of study of the accountancy laws and rules of the State of Maine and the Code of Conduct, or equivalent standards of the SEC, AICPA or similar organization or agency.

Other Subject Area Requirements

Credit Limitations

  • Credits for communication arts, mathematics, statistics, probability and quantitative applications in business, economics, business, securities and administrative laws, human resources policies and computer software applications may not exceed 50% of the hours required over the 3-year period.
  • The maximum credit for authorship is 50% of required hours and credits may be given on a self-declaration basis for published articles or books.
  • The maximum credit for instructors is 50% of required hours and no repetitions of courses for credit is allowed unless the material is substantially changed, then it is a new course. Instructors may be granted credit on the basis of 3 hours for each hour of class time.
  • Only full hour credits are acceptable. Effective September 1, 2010, half hour credits will be acceptable after completion of first full hour.
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