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Texas Close to Allowing CPA Candidates to Test with 120 Credits

CPA Practice

Charles Perry who is a practicing CPA, would lower the semester credit hours requirement from 150 to 120. Because CPA candidates must complete 150 semester credit hours of education—30 credits beyond the typical 120 credit hours earned in a four-year undergraduate degree— many CPAs end up spending five years in college instead of four.

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AICPA News – Feb. 2024

CPA Practice

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% from 2021 to 2022 after a steady decline of 1%–3% per year since 2015–16. The customizable program is not an internship or an apprenticeship.

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College Accounting Programs Are Taxpayer-Funded Training Programs for the Big 4 and Other Such Muckraking

Going Concern

These businesses have their financial advisory needs served by hundreds of thousands of small firm accountants and CPAs nationwide. Small business has unique needs for accounting services: primarily tax and advising, and secondarily day-to-day accounting needs to act as de-facto controllers and decision makers.