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Texas Close to Allowing CPA Candidates to Test with 120 Credits

CPA Practice

The Texas Senate unanimously passed a bill on Tuesday that would lower the eligibility requirement for CPA candidates to sit for the CPA exam from 150 semester credit hours to 120. Gov Patrick for passing one of TXCPAs priority legislation items of this session, which will help fuel the CPA pipeline. On to the House!!

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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

note: the following is penned by Bob Jennings CPA, EA for his Taxspeaker.com newsletter. The Securities and Exchange Commission today charged Deloitte Touche Tohmatsu Certified Public Accountants LLP (Deloitte-China), the Chinese affiliate of the Deloitte global network of accounting firms, with failing to comply with fundamental U.S.