AICPA and NASBA ask for feedback on new CPA pathway

The AICPA and the National Association of State Boards of Accountancy (NASBA) are seeking public feedback on a proposed new option for CPA candidates to meet initial licensure requirements. The CPA Competency-Based Experience Pathway would provide an additional way for candidates to demonstrate their professional and technical skills after meeting their state’s requirements for accounting and business courses.

Currently, candidates must possess a bachelor’s degree, complete 150 credit hours, have one year of professional experience, and pass the CPA exam for licensure. The proposed competency-based pathway aims to address issues in the accounting talent pipeline, such as declining interest in the profession among young adults and the 150-hour rule for CPA licensure.

The framework at the center of the proposal includes seven professional competencies, including ethical behavior, critical thinking, and communication, as well as three technical competencies in audit and assurance, tax, and business and financial reporting. Candidates would need to exhibit all professional competencies and at least one technical competency, which would be verified by evaluators in their organization.

Feedback on the proposed competency framework and other aspects of the potential pathway can be submitted until December 6. The goal is to ensure that accounting professionals have the necessary experience, knowledge, and competencies to handle the complexities of CPA work while making licensure as accessible as possible.

NASBA and AICPA have received input and advice from a diverse group of stakeholders, including a working group and a Professional Licensure Task Force. The proposed pathway is a step towards measuring competency rather than academic experience and aims to provide flexibility for CPA candidates while maintaining rigor for public protection.