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Monday Morning Accounting News Brief: BTFO PCAOB; Did the CPA Exam Evolve Without Academia? | 4.28.25

Going Concern

The situation could intensify as increasing numbers of experienced finance employees reach retirement age and the number of college graduates with accounting degrees continues to decline. That 14% must have a good hookup in India.

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

Going Concern

Facts to consider: A survey of MNCPA members shows an increase in the number of new hires who hold accounting degrees with 120 credit hours. Fifty percent of respondents say it is unlikely or highly unlikely staff with 120 hours will sit for the CPA exam.