Could This Be the Fix for the Accounting Talent Shortage?
Earning a CPA license requires 150 credit hours, deterring many students from pursuing accounting. On the Accounting Podcast, Dr. Sharon Lassar of the University of Denver proposes replacing the 150 hours with a “bachelor’s degree + 2 years experience” pathway to the CPA exam. Research shows this would increase candidate volume by 15% without lowering quality by removing an unnecessary time barrier. Lassar makes a compelling case for updating licensing based on facts, addressing concerns around impacts on graduate programs and cross-state mobility. Listen now to understand the 150-hour rule controversy and whether revising requirements could help reverse the talent shortage in the accounting profession.
CPA Mobility: Separating Fact From Fiction
6 Myths About CPA Mobility And Substantial Equivalency
What do new CPAs want?
Rethinking the CPA 150-hour requirement: There must be a change
The cost of the 150-hour rule: $2 billion
What is the cost of the 150-hour rule to becoming a CPA in the US? Based on my calculations, the accounting profession spends at least $2 billion per year on the fifth year of education. The cost to each candidate often exceeds $100,000. Read my post on Accounting Today to learn how I got to that number.
Jimmy Corley says "We need to take a hard look" at the 150 hour rule for CPA licensure
How to fix the leaky CPA pipeline
Why I'm Going for the CPA
Is the CPA license relevant anymore? As a cloud accountant serving small businesses, is it worth the trouble to obtain and maintain a license? I think so. Read my post on Going Concern for the four reasons I'm taking the time to sit for the CPA exams this year.