California CPA Education Foundation

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Background

The California Certified Public Accountants Education Foundation (Education Foundation) provides continuing education and information to CPAs and other professionals. Founded in 1966, the Education Foundation is a 501(c)(3) organization and a sister organization of The California Society of Certified Public Accountants (CalCPA).

CPAs are required to pass a Uniform Certified Public Accountant Examination to receive certification. To maintain that license, CPAs must undergo 40 hours annually (or 80 hours biennially) of continued professional education (CPE). The Education Foundation's revenue comes from providing CPAs CPE via conferences, self-study, online courses, webcasts, in-house training and more.

History

In 1965, Arthur Sargent, former CalCPA executive director, suggested the formation of a foundation under which the professional development program could flourish. In addition to ensuring that all the funds raised from educational programs would be reinvested into additional educational programs, a foundation could pursue research into accounting and tax matters, and study the accounting educational programs of California universities and colleges. An ad hoc committee, chaired by Tindall Cashion, was appointed to investigate the feasibility of establishing a separate foundation. In June 1965, the CalCPA board of directors approved formation of a separate nonprofit corporation that would be a subsidiary corporation under CalCPA’s control. In March 1966, the board approved the articles of incorporation and the bylaws of the new nonprofit corporation, and the California CPA Foundation for Education and Research was born. The name was changed to California CPA Education Foundation in 1994.

Services

The Education Foundation offers:

• 700 courses and conferences annually throughout California
• Top instructors
• Discounted pricing for CalCPA members
• CE weeks in resort locations
• Value-Priced discount program
• Coupon books for firms
• Self-study and online courses
• Webcasts
• In-house training
• Courses and conferences developed to comply with the Statement of Standards for Continuing Professional Education Programs jointly issued by NASBA and the AICPA
• Courses approved for MCLE for attorneys
• Courses approved for credit for enrolled agents and certified tax preparers
• CPE credit in required categories: accounting & auditing, ethics, fraud and government/Yellow Book

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