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Another state has pushed to allow prospective CPAs to sit for the exam with just a bachelor’s degree worth of units and that’s good ol’ Texas. Effective September 1, future CPAs can sit for the exam with 120 units of education. Before anyone gets too excited, note candidates still need 150 units for licensure.
There has been much debate in certain corners of the accounting profession lately about whether the 150-hour rule for CPA licensure has contributed to the pipeline of accountants drying up in recent years —that and the subpar starting pay in public accounting and the long hours required to work, especially during busy season.
How to fix the crumbing talent pipeline in the accounting profession is a topic on the minds of many people these days. And it popped up at a session during the first day of the 2023 Unique CPA Conference, “Bridging the Gap,” in the Chicago suburb of Rosemont, IL, on Tuesday. You don’t have to be a CPA.
Broken out by demographics, even higher rates of Black and Hispanic students say they considered accounting before choosing a different field of study. Asked about their experiences with introductory accountingcourses, only 1 in 3 non-accounting majors who considered accounting said the content was interesting or engaging.
CPA, CGMA, as the recipient of the George Krull/Grant Thornton EDGE in Teaching Award for 2023. The EDGE in Teaching Award, established by the AICPA in partnership with Grant Thornton, celebrates educators who show excellence in accounting education, dynamic teaching, groundbreaking techniques, and engagement in the classroom.
AICPA Shares Plan to Strengthen Accounting Pipeline According to the American Institute of CPAs ‘ 2023 Trends Report, bachelor’s degree completions in accounting dropped 7.8% Meanwhile, 60% of firms surveyed reported that they expected to have the same or higher number of CPAs on staff in 2023 compared to 2022.
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