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The Beef Between the AICPA and Minnesota Over the 150 Hour Rule Heats Up

Going Concern

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.

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Minnesota Throws TPTB the Finger and Introduces Legislation to Offer an Alternate Pathway to CPA Licensure

Going Concern

Given this, it is our pleasure to inform you that bills have been introduced to the Minnesota legislature — HF 1749 and SF 1660 — that would add an alternative pathway of 120 units and two years experience, while leaving the option to go down the state’s existing 150 hour path as well. Minnesota Statutes 2022, section 326A.03,

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Abdo LLP Merges In Minnesota Accounting Firm HG&K

CPA Practice

Abdo LLP, a leading full-service accounting and advisory firm based in Minnesota, announced today that HG&K, Ltd. Abdo is ranked as a Top 25 Accounting Firm by the Minneapolis/St. has merged with the firm. In this transaction, HG&K’s three partners and 16 staff members have joined Abdo effective June 1, 2023.

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Minnesota CPA Stole More Than $340,000 From Her Clients, Feds Say

CPA Practice

By Paul Walsh, Star Tribune (TNS) An Edina, MN-based certified public accountant tapped into her clients’ bank accounts and stole more than $340,000, according to federal charges. Jeana Ann Lautigar, 57, was charged Monday in U.S.

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MNCPA to Educators: “We Do Not Need New CPAs Who Have Additional College Credits; We Need More CPAs, Period.”

Going Concern

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.

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Did the Anti-150 Hour Crowd Finally Beat the AICPA Into Submission? Looks That Way

Going Concern

The leaders of the US accounting profession have signaled they could cut the education requirements for becoming an accountant, amid growing alarm about a shortage of new recruits. ” “I really hope Minnesota and others talking about this see value in working with the rest of the country,” Coffey said.

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Does the 150 Hour Rule Provide Value to the Profession or to Students as Future CPAs? No, Says Professor

Going Concern

Big 4 alum and professor of accounting and finance at the College of Saint Benedict and Saint John’s University in Minnesota Boz Bostrom has penned a piece for the MNCPA blog on why, in his opinion and supported by research, the 150 hour rule must change. This has been my challenge with Minnesota.

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