Guam CPA Licensing

Guam CPA Licensing

To become a Certified Public Accountant (CPA) in Guam, foreign educated candidates must meet specific education, examination, and experience requirements. Below is an organized summary to help you understand these requirements.

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Guam CPA Exam Requirements

To qualify for the CPA Exam in Guam, you must meet the following criteria:

Educational Requirements

Bachelor’s Degree (150 Semester Units), must include:

  1. Bachelor’s Degree with a Major in Accounting:
    • 24 credits in upper-division accounting courses (e.g., Financial Accounting and Reporting, Auditing, Taxation, Managerial/Cost Accounting).
    • 24 credits in upper-division business courses or their equivalent.
  2. Bachelor’s Degree with a Major in Business:
    • 24 credits in upper-division accounting courses (same subjects as above).
    • 24 credits in upper-division business courses.
  3. U.S. Bachelor’s Degree or Equivalent:
    • 24 credits in upper-division accounting courses (same subjects as above).
    • 24 credits in upper-division business courses, including 6 credits in Economics, 3 credits in Finance, 3 credits in Business Law.

Additional Notes:

  • Candidates may qualify for the CPA Exam if they are enrolled in an upper-division undergraduate or advanced degree program and can meet the education requirements within 18 months of their first exam section. Submission of a Guam Certificate of Enrollment Form is required.
  • Candidates must meet Guam’s education requirements before sitting for the exam to transfer grades from other jurisdictions.

Guam CPA Licensure Requirements

To earn a CPA license in Guam, applicants must fulfill the following requirements:

  1. Work Experience, candidates must meet the following work experience criteria to qualify for licensure:
    • 1 Year of Work Experience (2,000 Hours): Required if the candidate has completed 150 semester hours.
    • 2 Years of Work Experience: Required if the candidate has completed fewer than 150 semester hours.
  2. Details:
    • Experience must be completed within 5 years prior to application.
    • Work can be in government, industry, academia, or public practice and must be supervised by an actively licensed CPA in the jurisdiction of licensing.
    • For Attest Licenses: Candidates must complete 1,000 hours of attest work within the year prior to application.
  3. Ethics Requirements
    • The Guam Board of Accountancy does not require an ethics exam for CPA licensure.

Important Notice:

State Boards of Public Accountancy may change their requirements at any time. We always strive to keep our information updated but consult the respective Board for confirmation is strongly recommended.