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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% Meanwhile, 60% of firms surveyed reported that they expected to have the same or higher number of CPAs on staff in 2023 compared to 2022.

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Effective September 1, You Can Sit For the CPA Exam in Texas With 120 Units

Going Concern

Another state has pushed to allow prospective CPAs to sit for the exam with just a bachelor’s degree worth of units and that’s good ol’ Texas. Effective September 1, future CPAs can sit for the exam with 120 units of education. December 15, 2023 – Last day to take a section of the current CPA Exam AUD, BEC, FAR, REG.

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CPA Exam Changes and Pipeline Woes Are a Perfect Storm of Problems For the Profession

Going Concern

Now, we’re facing the CPA Evolution’s arrival in 2024. We’re seeing more of a ripple than a tsunami this year and could be in for a massive drought in 2024 and 2025. before 2024. And the AICPA will need time to collect data and assess performance; it’s why they are bringing back testing blackout periods in 2024.

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