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CPA Evolution

A combined NASBA-AICPA initiative aimed at evolving CPA licensure to reflect the skills and knowledge CPAs increasingly need in a technology-driven marketplace.

  1. Strong core with accounting, auditing, tax and technology
  2. Deeper knowledge in three primary disciplines
  3. Reflects reality of practice
  4. Adaptive and flexible
  5. One CPA license
  6. Enhances public protection

Information session and Q&A

Carl Mays, Jr. CPA, associate director of CPA quality and evolution for the American Institute of Certified Public Accountants (AICPA) and Daniel Dustin, CPA, vice president of State Board relations for the National Association of State Boards of Accountancy (NASBA) provided insights, next steps and answered KyCPA members questions regarding the new model for CPA licensure.  

For those that missed it, the recorded session is available below.

 

The New model for CPA licensure; expected to launch in 2024

CORE

CPA Evolution impact on Exam, education and the states

  • Exam
    • Still expected to be four sections: candidates pass three core sections and one discipline
  • Education
    • Will provide resources to support tech integration, model curricula and model internship 
  • States
    • Will need statutory change in one state and rules changes in 7 states
    • UAA model rules changes around education: 
      • Will aspire to uniformity in all states; not required to implement CPA Evolution

Where are we now and what' next?

  • AICPA Council and NASBA Board of Directors both voted to support CPA Evolution
  • Fall 2020
    • Begin statute and rules changes
    • Begin launching educator resources 
  • 2021-2023 
    • Develop new Exam 
    • Continue releasing educator resources
  • Goal: Launch new CPA Exam in 2024 

For more information visit evolutionofcpa.org.

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