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Illinois Will Soon Let You Sit for the CPA Exam With 120 Units, Should All States?

Going Concern

.” That’s what a stakeholder told me recently when we spoke about the accountant shortage and the growing gap between students getting accounting degrees and recent graduates sitting for the CPA exam. 150 hours is the rule and accounting is nothing if not a pile of rules. appeared first on Going Concern.

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Accounting Professors Receive Honors from Illinois CPA Society

CPA Practice

The Illinois CPA Society (ICPAS) has presented its Outstanding Educator Award to two Illinois accounting faculty as part of its 2023 awards program. Accounting educators are instrumental in stewarding the next generation of leaders into the profession,” says Geoffrey Brown, CAE, president and CEO.

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Southern Illinois University Wins 21st Annual Deloitte FanTAXtic National Case Study Competition

CPA Practice

A team of students from the Southern Illinois University, Carbondale, claimed victory at the Deloitte FanTAXtic national case study competition by presenting the best analysis on a complex, issues-driven business tax case.

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The Beef Between the AICPA and Minnesota Over the 150 Hour Rule Heats Up

Going Concern

That’s sort of what’s happening in the profession right now over proposed legislation in Minnesota that offers an alternative to the traditional 150 units of education required for licensure. At the discretion of the Illinois Board of Examiners, the Minnesota CPA may need to additionally apply for an initial license in Illinois.

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Texas Close to Allowing CPA Candidates to Test with 120 Credits

CPA Practice

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. All available evidence indicates that it makes no difference.

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Friday Footnotes: The PCAOB-to-Practice Pipeline and Audit Quality; Ball Extension; Tim Ryan’s Replacement | 1.12.24

Going Concern

Education Mentoring and Preparing Students and Young Professionals for the CPA Evolution [ The CPA Journal ] Current undergraduate/graduate students eligible to sit beginning January 2024 or later. Illinois CPA Society Announces Mary T. Washington Wylie Internship Preparation Program.

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This Accountant Shortage Nonsense Reeks of Deja Vu

Going Concern

Something else happened back then at the turn of the century, this Journal of Accountancy article dated January 1, 2002. The article is “The Crisis in Accounting Education” by Alexander L. Gabbin, CPA, PhD, then the KPMG LLP Professor of Accounting at James Madison University. And yet here we are.

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