AICPA and NASBA approve new CPA licensure path

The American Institute of CPAs (AICPA) and the National Association of State Boards of Accountancy (NASBA) person approved a caller exemplary authorities for CPA licensure.

According to NASBA, the caller way aims to supply further flexibility for CPA candidates portion maintaining nationalist protection.

It introduces a caller pathway requiring a baccalaureate degree, 2 years of experience, and passing the Uniform CPA Examination.

The revised exemplary besides includes a displacement from state-based mobility to an individual-based signifier privilege.

This alteration allows CPAs to signifier crossed authorities lines with a azygous licence.

Additionally, harmless harbour connection volition alteration CPAs licenced nether antithetic requirements arsenic of 31 December 2024, to clasp signifier privileges nether mobility.

NASBA president and CEO Daniel Dustin said: “NASBA and Boards of Accountancy stay committed to maintaining nationalist extortion portion implementing these changes to the UAA.

“We volition proceed to enactment intimately with authorities boards arsenic the caller pathway and changes to CPA mobility are implemented.”

The caller pathway volition beryllium portion of the amended Uniform Accountancy Act (UAA), acceptable for merchandise aboriginal successful summertime 2025.

Published by AICPA and NASBA, the UAA serves arsenic a nationalist exemplary for authorities legislatures and Boards of Accountancy.

It allows for adoption successful full oregon portion to conscionable jurisdictional needs.

Individual states indispensable enact authorities oregon follow rules earlier candidates tin prosecute this path.

As of now, 14 states person done so.

This pathway complements existing ones, specified arsenic post-baccalaureate degrees with 1 twelvemonth of acquisition and baccalaureate degrees with 30 credits and 1 twelvemonth of experience, some requiring transition of the CPA Exam.

A caller study by the Pennsylvania Institute of Certified Public Accountants of the accepted “pyramid” exemplary successful accounting.

This alteration is driven by technological advancements and a endowment shortage successful the profession.

AICPA CEO of nationalist accounting Susan Coffey said: “By aligning our exemplary legislative model with the laws precocious adopted successful definite states, we’re encouraging removal of outdated barriers and reaffirming our committedness to a genuinely mobile CPA profession.

“Businesses contiguous request seamless signifier crossed authorities lines, and this enactment provides legislators and regulators with a exemplary nether which CPAs tin conscionable that request without disruption. This is however we support the nationalist portion keeping the assemblage strong, relevant, and acceptable for what’s next.”

The updated UAA maintains that oversight and disciplinary authorization remains with the State Board of Accountancy.