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

Going Concern

Effective September 1, future CPAs can sit for the exam with 120 units of education. The Public Accountancy Act (effective September 1, 2023) and Board Rules require that you meet the new education requirements to take the CPA Exam. Charles Perry, a practicing CPA from Lubbock, and Rep.

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AICPA and CIMA Accepting Applications for Accounting Educator Awards

CPA Practice

The AICPA & CIMA have opened the application period for the EDGE in Teaching Awards and Distinguished Achievement in Accounting Education Award. As the profession grapples with a talent shortage, the AICPA & CIMA are committed to boosting the pipeline of talented, passionate professionals entering accounting.

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

Going Concern

It is of particular interest to professors, accounting department chairs, other assorted academics, and any accounting profession meteorologists who are tracking the perfect storm of pipeline problems and a completely revamped CPA exam debuting in just a few months. Now, we’re facing the CPA Evolution’s arrival in 2024.

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CPAs Provide Six Ways to Replenish the Talent Pipeline

CPA Practice

After formally presenting its six recommendations that address the accounting talent shortage at AICPA Council next week, NPAG will issue a final report in July that includes the results of its survey of students, employers, and other stakeholders in the profession. Coffey told CPA Practice Advisor.

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Is an Accounting Major Too Hard? A Thread

Going Concern

That is the question posed by Dr. Josh McGowan, CPA on Twitter: Is the accounting major too difficult? At many universities, accounting courses (especially Principles I & II) have some of the lowest GPAs compared to other disciplines. Are we deterring the next generation of accountants or upholding a needed standard?

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Accounting Advisory Panel Releases Action Plan to Address Talent Shortage in Profession

CPA Practice

The high-level recommendations from the group are: Address the cost and time of education. NPAG supports a defined progression to modernize CPA licensure requirements on education. More formalized support options should also be expanded to encourage students to stick with accounting programs.