New pathway proposed for US CPA licensure
The American Institute of Certified Public Accountants (AICPA) and the National Association of State Boards of Accountancy (NASBA) have proposed a new pathway for CPA licensure aimed at increasing accessibility without compromising the profession's standards. This new "CPA Competency-Based Experience Pathway" allows candidates with a bachelor's degree, who meet state accounting and business course requirements, to demonstrate specific professional and technical skills in the workplace rather than completing the traditional 150-credit-hour requirement. This initiative addresses the current talent shortage in accounting by reducing the financial and time burdens of licensure, while still ensuring that candidates are prepared to meet the rigorous demands of CPA work. The proposal is open for public feedback until December 6, 2024.
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