cheerup domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/keepcalmnprofit/public_html/wp-includes/functions.php on line 6114Marc Joffe<\/a>\n<\/p>\n As I\u2019ve\u00a0discussed<\/a> in this space previously, state licensing requirements are contributing to the shortage of Certified Public Accountants (CPAs). Recently, the American Institute of Certified Public Accountants (AICPA) and the National Association of State Boards of Accountancy (NASBA) proposed a licensing reform that promises to diminish the problem. But more radical change may be needed.<\/p>\n Fewer aspiring accountants are pursuing a CPA because states require one year of graduate education in addition to a bachelor\u2019s degree and a passing score on a nationwide exam to become certified. Some state accounting societies have suggested an experiential alternative to the one year of graduate school. Now, the AICPA and NASBA appear to have listened.<\/p>\n The organizations have issued\u00a0an exposure draft<\/a> entitled \u201cCPA Competency-Based Experience Pathway\u201d and are seeking stakeholder comments through the end of 2024.<\/p>\n Under the AICPA\/NASBA proposal, CPA license applicants can avoid the post-baccalaureate education requirement by completing 2,000\u00a0hours of work involving \u201caccounting, attestation, compilation, management advisory, financial advisory, tax or consulting.\u201d The experience must be certified to the state\u2019s accountancy board by a \u201cCPA Evaluator.\u201d<\/p>\n The proposed evaluation requirement, which does not apply to the one year of work experience now needed for a CPA, seems unnecessary. As Sharon Lassar, director of the School of Accountancy at the University of Denver, told me, \u201cI\u2019m concerned that the experience verification process could become unwieldy and ineffective. A costly infrastructure has emerged around continuing professional education requirements for license renewal, and it is not clear that the exercise of accumulating and verifying CPE Is effective. The same could happen with experience verification.\u201d<\/p>\n