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If I was a society CEO and I had some members who were having trouble hiring CPAs knocking on my door, I would be trying to react. The 150 hour rule is not a dam holding back a flood of people who would become CPAs if only 150 weren’t blocking the way. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: Section 1.
That’s sort of what’s happening in the profession right now over proposed legislation in Minnesota that offers an alternative to the traditional 150 units of education required for licensure. That’s not to say Minnesota sucks, rather they are going up against the behemoth that is the AICPA.
Minnesota Society of CPAs has sent a message to educators in the state regarding legislation that would introduce an alternative pathway to CPA licensure and the message to these stewards of the next generation of accountants is clear: no one is trying to eliminate MAcc programs. We welcome your feedback and questions.
Let’s note here quickly that many of the “anti-150” folks aren’t lobbying to abolish it completely but to offer alternative pathways such as Minnesota’s proposal to create a second pathway to licensure that would require 120 units of education and two years of experience. We needed to take some action.”
” Complying with the Corporate Transparency Act [ CPA Journal ] By now, CPAs should be aware of the Corporate Transparency Act (CTA), passed in 2021 and effective January 1, 2024. But until a deferral is confirmed, CPAs must consider which role they will serve for clients required to file when the CTA becomes effective.
Minnesota’s proposal to add a second pathway to CPA licensure that doesn’t require 150 hours of education is moving forward in the MN Senate. The work continues to grow but the supply of CPAs to do the work isn’t keeping up. … EY laid off 150 people three days before Christmas last year. We need to move forward.
ChatGPT Offers CPAs ‘Superpowers’ Deloitte’s Ucuzoglu Says [ Bloomberg Tax ] “The use cases are breathtaking: They will fundamentally alter the profession,” said Deloitte Global CEO Joe Ucuzoglu, addressing a University of Southern California financial reporting conference on Thursday. . has merged with the firm.
Auditor Proud Day hits decade of international recognition [ Accountants Daily ] Auditor Proud Day lands on the last Thursday of every September and is aimed at attracting more people to the profession and celebrating those already working within it. In addition, Accell Audit & Compliance, P.A.
Only a quarter of those students who considered accounting said they don’t want to take the CPA exam but half said they don’t want to pursue 150 hours which suggests that allowing for a second pathway requiring just 120 hours of education like the proposal in Minnesota might successfully bolster dwindling CPA candidate numbers.
This firm in Minnesota no one’s ever heard of put out the cutest press release: DHA CPAs is happy to announce new talented professionals joining their team for accounting and financial services. billion over the past decade. One whistleblower said KPMG had “significant influence” over senior Defence staff.
The NYT report’s focus was that private auditors from large firms failed and consistently missed child labor law violations. Auditors moved quickly and left before children arrived for overnight shifts, or they were not sent where minors worked. Fifty-one percent oppose the proposal, compared with 43% who are in favor. Education Sen.
A Minnesota legislative committee advanced a bill in the state Senate on March 7 that would add an alternative pathway to CPA licensure while also maintaining the 150 credit-hour option. A companion bill in the Minnesota House of Representatives, House File 1749 , has yet to receive a hearing date.
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