AICPA, NASBA propose a new pathway to CPA licensure
September 12, 2024
by Bryan Strickland for Journal of Accountancy
The AICPA and the National Association of State Boards of Accountancy (NASBA) are seeking input on a proposed competency-based experience model for CPA licensure.
The CPA Competency-Based Experience Pathway would provide an additional option for CPA candidates to demonstrate professional and technical skills after earning a bachelor's degree and meeting their state's requirements for accounting and business courses — increasing flexibility for the next generation of accountants while maintaining the profession's rigorous public protection mandate.
Currently, after candidates obtain a bachelor's degree, they must pass the CPA Exam, complete one year of professional general experience, and either earn a master's degree or take college courses that bring them to 150 total credit hours (most bachelor's programs require 120 hours).
The master's degree/+30 pathways remain, but the proposal would add a competencies-based experience option. AICPA and NASBA received significant input and advice on the competency framework from a diverse cross-section of the profession, including members of a working group made up of practitioners, regulators, academics, and state society leaders.