RGP’s Post

The 150-hour requirement for CPA licenses that mandates a master's degree or additional college credits has been viewed as a barrier to entry for many prospective accountants. Industry groups have proposed a new framework intended to stem the ongoing accountant shortage, while several states are pursuing their own proposals. Read more about these emerging CPA paths in The Wall Street Journal. https://lnkd.in/gwZedkKg #AccountantShortage #CPAShortage #FinanceAndAccounting

New CPA Paths Emerge as States Try to Stem Accountant Shortage The 150-hour requirement for CPA licenses that mandates a master's degree or additional college credits has been viewed as a barrier to entry for many prospective accountants. Industry groups have proposed a new framework intended to stem the ongoing accountant shortage, while several states are pursuing their own proposals. Read more about these emerging CPA paths in The Wall Street Journal. https://lnkd.in/gfWsArhH #AccountantShortage #CPAShortage #FinanceAndAccounting

With the ongoing shortage of accountants and the related impact on the quality of financial statements; national accounting groups have proposed an alternative to the 150-hour education requirement for CPA licensure. This move is aimed at making the CPA pathway more accessible, but it’s also sparking fresh debate across the profession. #accounting #quality #AccountingAdvisory

Exciting developments in the accounting profession! AICPA & National Association of State Boards of Accountancy are exploring innovative CPA paths beyond the traditional 150-hour rule. This shift towards practical experience over an additional year of college could potentially save graduates ~$25,000+ while addressing entry-level salary discrepancies with tech and banking roles. Check out the article for more insights: https://lnkd.in/eFAnm552 #CPA #AccountingProfession #Innovation

States are weighing allowing prospective CPAs to bypass a fifth year of school, one of the barriers to entry contributing to the shortage of workers in the field. National accounting groups are pushing for an alternative to a controversial 150-hour requirement for state licenses, but their proposal is raising fresh concerns, reports Mark Maurer ✏️ Do you think the proposed alternative to the 150-credit hour rule will help the accounting profession attract more CPAs? Join the conversation below.

“It becomes so critical in the coming months to see where are the states going, each individually, and if we don’t all stay substantially equivalent, how far off are we? As states assess the potential changes to CPA licensure laws, new paths for aspiring CPAs are emerging. CEO, Jennifer Cryder is at the forefront of these discussions. She recently met with The Wall Street Journal reporter, Mark Maurer, to discuss the potential changes to CPA licensure, emphasize the many factors at play, such as the need to preserve mobility of CPAs, and more on the PICPA’s stance towards this critical topic. Check out the full article here: https://lnkd.in/eDzUdf-f

States and association bodies are currently voicing their thoughts and opinions around changes to CPA licensure law, a critical topic that impacts the entire accounting profession. I recently spoke with Mark Maurer at the The Wall Street Journal to discuss licensure, the many factors at play, and what we believe are the most important considerations to keep in mind at the PICPA when it comes to the future of our profession. For more insights, you can find the full article at: on.wsj.com/4gRrALm #Accounting #CPA #Pennsylvania

As the supply of accountants shrinks, American Institute of CPAs and the National Association of State Boards of Accountancy are proposing ways to reduce the cost, and time commitment, necessary to achieve CPA status. 

While States try to address the declining number of CPA accountants by developing a new pathway, one potential pathway that the #AICPA must consider to boost the workforce is to enter a member recognition agreement with professional reputable accountancy bodies like #acca. The talent pool and quality #acca members provide are exceptional. Accountancy is a global profession and it is time we think global. I would recommend a pathway exam for those who are members of a professional accountancy body. I personally would be more inclined to obtain the CPA if there was a pathway exam than trying to sit four exams. I hope now is the time that we can set aside political differences and see how best both institutions can leverage one another strengths to ensure that we attract and retain the best accountants. https://lnkd.in/eKskgtdc

This short article examines the decline in CPA exam candidates and unveils some implications of the 150-Hour Rule. #accounting #accountingjobs #employment #jobs https://lnkd.in/gmYC_CvN