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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal>Dear Inactive Licensee:<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal style='text-align:justify'>New Oregon Administrative Rule provisions [OAR 801-010-0120(2); OAR 801-040-0010(4)], which require holders of inactive status licenses to obtain a nominal amount of Continuing Professional Education (CPE) went into effect on January 1, 2012. The new requirements are as follows:<o:p></o:p></p><p class=MsoNormal style='text-align:justify'><o:p> </o:p></p><p class=MsoListParagraphCxSpFirst style='text-align:justify;text-indent:-.25in;mso-list:l2 level1 lfo1'><![if !supportLists]><span style='font-family:Symbol'><span style='mso-list:Ignore'>·<span style='font:7.0pt "Times New Roman"'> </span></span></span><![endif]>Inactive license holders must complete and report 32 hours of CPE for each two- year renewal cycle<o:p></o:p></p><p class=MsoListParagraphCxSpMiddle style='text-align:justify;text-indent:-.25in;mso-list:l2 level1 lfo1'><![if !supportLists]><span style='font-family:Symbol'><span style='mso-list:Ignore'>·<span style='font:7.0pt "Times New Roman"'> </span></span></span><![endif]>A maximum of 8 hours may be in non-technical subjects<o:p></o:p></p><p class=MsoListParagraphCxSpMiddle style='text-align:justify;text-indent:-.25in;mso-list:l2 level1 lfo1'><![if !supportLists]><span style='font-family:Symbol'><span style='mso-list:Ignore'>·<span style='font:7.0pt "Times New Roman"'> </span></span></span><![endif]>There is no requirement to complete a minimum number of hours during each year of the two-year cycle<o:p></o:p></p><p class=MsoListParagraphCxSpLast style='text-align:justify;text-indent:-.25in;mso-list:l2 level1 lfo1'><![if !supportLists]><span style='font-family:Symbol'><span style='mso-list:Ignore'>·<span style='font:7.0pt "Times New Roman"'> </span></span></span><![endif]>A maximum of 8 hours may be carried over to the following renewal<o:p></o:p></p><p class=MsoNormal style='text-align:justify'><o:p> </o:p></p><p class=MsoNormal style='text-align:justify'>For initial implementation, the new requirement will be prorated for 2012 and 2013 inactive renewals as follows:<o:p></o:p></p><p class=MsoNormal style='text-align:justify'><o:p> </o:p></p><p class=MsoNormal style='text-align:justify'><u>Renewals due 6/30/12</u><o:p></o:p></p><p class=MsoNormal style='text-align:justify'><u><span style='font-size:4.0pt'><o:p><span style='text-decoration:none'> </span></o:p></span></u></p><p class=MsoListParagraphCxSpFirst style='text-align:justify;text-indent:-.25in;mso-list:l1 level1 lfo2'><![if !supportLists]><span style='font-family:Symbol'><span style='mso-list:Ignore'>·<span style='font:7.0pt "Times New Roman"'> </span></span></span><![endif]>8 hours of CPE must be completed and reported with the renewal application<u><o:p></o:p></u></p><p class=MsoListParagraphCxSpLast style='text-align:justify;text-indent:-.25in;mso-list:l1 level1 lfo2'><![if !supportLists]><span style='font-family:Symbol'><span style='mso-list:Ignore'>·<span style='font:7.0pt "Times New Roman"'> </span></span></span><![endif]>A maximum of 2 hours may be in non-technical subjects<u><o:p></o:p></u></p><p class=MsoNormal style='text-align:justify'><u><o:p><span style='text-decoration:none'> </span></o:p></u></p><p class=MsoNormal style='text-align:justify'><u>Renewals due 6/30/13</u><o:p></o:p></p><p class=MsoNormal style='text-align:justify'><span style='font-size:4.0pt'><o:p> </o:p></span></p><p class=MsoListParagraphCxSpFirst style='text-align:justify;text-indent:-.25in;mso-list:l0 level1 lfo3'><![if !supportLists]><span style='font-family:Symbol'><span style='mso-list:Ignore'>·<span style='font:7.0pt "Times New Roman"'> </span></span></span><![endif]>24 hours of CPE must be completed and reported with the renewal application<o:p></o:p></p><p class=MsoListParagraphCxSpLast style='text-align:justify;text-indent:-.25in;mso-list:l0 level1 lfo3'><![if !supportLists]><span style='font-family:Symbol'><span style='mso-list:Ignore'>·<span style='font:7.0pt "Times New Roman"'> </span></span></span><![endif]>A maximum of 6 hours may be in non-technical subjects<o:p></o:p></p><p class=MsoNormal style='text-align:justify'><o:p> </o:p></p><p class=MsoNormal style='text-align:justify'>Thank you, in advance, for your diligence in complying with these new requirements. Please contact Katherine Wentzel at 503-378-2270 if you have any questions.<o:p></o:p></p><p class=MsoNormal style='text-align:justify'><o:p> </o:p></p><p class=MsoNormal style='text-align:justify'>Pat Hearn, Executive Director<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><span style='font-size:18.0pt;font-family:"Freestyle Script"'>Kimberly Sisk<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt'>Executive Assistant<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt'>Oregon Board of Accountancy<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt'>503.378.2268</span><span style='font-size:12.0pt;font-family:Pristina'><o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>