To be admitted to take the examination for the first time after January 1, 2001, a candidate for the Illinois CPA examination must have successfully completed at least 150 semester hours of acceptable credit including a baccalaureate or higher degree. The semester hours accepted by the Board must include an accounting concentration or its equivalent. A candidate will be deemed to have met the education requirement if, as part of the 150 semester hours of education as determined by the Board, he or she has met any one of the four conditions listed below. With each of the conditions listed below, accounting hours do not include business law, and no more than six semester hours of accounting may be obtained through internships or life-experience credit posted on a college transcript. Duplicate or repeat credit is not awarded for courses taken more than once at the same or different institutions.
1) Earned a graduate degree with a concentration in accounting from a program that is accredited in accounting by an accrediting agency recognized by the Board.
2) Earned a graduate degree from a program that is accredited in business by an accrediting agency recognized by the Board and completed at least 24 semester hours in accounting at the undergraduate level or 15 semester hours at the graduate level or equivalent combination thereof, including courses covering the subjects of financial accounting, auditing, taxation, and management accounting.
3) Earned a baccalaureate degree from a program that is accredited in business by an accrediting agency recognized by the Board and completed 24 semester hours in accounting at the undergraduate or graduate level, including courses covering the subjects of financial accounting, auditing, taxation, and management accounting; and completed at least 24 semester hours of business courses, or substantially equivalent credit hours (other than accounting) courses, at the undergraduate or graduate level.
4) Earned a baccalaureate or higher degree from an accredited educational institution or other institution recognized by the Board, including at least 24 semester hours of accounting at the undergraduate and/or graduate level with at least one course each in financial accounting, auditing, taxation, and management accounting and at least 24 semester hours in business courses or substantially equivalent credit hours (other than accounting) courses at the undergraduate or graduate level.
For all purposes above, the formula for conversion of domestic credit quarter hours to semester hours is as follows: 1 quarter hour = 2/3 semester hour.
Courses acceptable toward the 24 hours in business are:
Economics, Business Law, Marketing, Finance, Business and Technical Communication, Business Ethics, International Business, Legal and Social Environment of Business, Management, Business/Management Information Systems, Quantitative Methods and Statistic courses taught by the accounting department.
Please note: No credit is given for repeated or duplicated course work regardless of the home institution’s policy on repeated courses.
Foreign Credentials Evaluation: If you have international credentials to be evaluated or a combination of international and domestic credentials to be evaluated, include the nonrefundable foreign credential evaluation fee. Forward official foreign credentials by registered mail or other secure carrier. They will be returned to you in the same manner.
Domestic Credentials Evaluation: First-time Illinois candidates must have their academic credentials evaluated before an testing approval will be issued. You may include the nonrefundable domestic credentials evaluation fee with your application or you may request the evaluation prior to requesting authorization to sit for the exam. Forward official domestic transcript(s) in sealed envelopes, or request that each college or university you attended send official transcripts directly to the board office.
Credential evaluation for first-time exam candidates:
Domestic credential evaluation ……………$ 175
International credentials evaluation ……………$ 250
Combination of international and domestic credentials evaluation ………$ 250
The application flow: The application process in CBT for Illinois candidates will incorporate the following steps:
• A candidate submits an application and fee(s) to the Illinois Board of Examiners for credentials evaluation (if required) and to be authorized to take one to four different sections of the CPA exam.
• Once eligibility to take the examination is determined, an approval letter is sent to the candidate by the Board of Examiners. At the same time, an Authorization To Test (ATT) is sent to the National Candidate Database maintained by NASBA (National Association of State Boards of Accountancy). The Authorization To Test will be valid for 90 days: candidates must pay examination fees as described in the following paragraph within 90 days of the date of issue of the ATT. You may receive information from NASBA before you receive our approval letter.
• After NASBA receives the Board’s Authorization To Test, NASBA contacts the candidate to request additional fees for grading, computer test (seat) time, digital photo or biometric thumb print at the test center and their processing fee. That payment coupon will state the amount of examination fees to be paid by the candidate and method of payment based upon the sections the candidate has been authorized to take. You will be required to pay the full amount for all parts approved in the Authorization to Test. For example, if your Authorization to Test was for four exam parts, you must pay the full fee for four parts. You cannot pay individually by test part.
• To assure that you receive email from NASBA, we suggest that you put the following email addresses in your address book: email@example.com and firstname.lastname@example.org . This hopefully will prevent spam blocking software from preventing receipt of their emails.
• Once correct fees are received from the candidate, NASBA issues a Notice to Schedule (NTS) to the candidate and also informs the Board of Examiners. The candidate is instructed to contact the Prometric Testing Center to schedule a day and time for testing for each section. The Notice to Schedule (NTS) is valid for six months from the date of issue. This means that the candidate must schedule and take all sections that were uthorized within six months of the NTS issue date.
• Application fee for authorization and re-authorization to test:
4 different exam sections………………$120
3 different exam sections………………$108
2 different exam sections………………$ 76
1 exam section …………………………$ 40
All four parts = $120; Three parts = $108; Two parts = $76; and One part = $40
A candidate submits an application and fee(s) to the Illinois Board of Examiners for credentials evaluation (if required) and to be authorized to take one to four different sections of the CPA exam.
The Notice to Schedule (NTS) is valid for six months from the date of issue. This means that the candidate must schedule and take all sections that were authorized within six months of the NTS issue date.