Adrian Johnson
TLDR:
Key Points:
- AICPA and NASBA have proposed a new competency-based experience model for CPA licensure.
- The proposed CPA Competency-Based Experience Pathway aims to provide flexibility for CPA candidates while maintaining the profession’s public protection mandate.
The AICPA and NASBA are seeking input on a proposed competency-based experience model for CPA licensure. The CPA Competency-Based Experience Pathway would offer an additional option for CPA candidates to showcase their professional and technical skills after completing a bachelor’s degree and meeting state requirements for accounting and business courses. Currently, CPA candidates must pass the CPA Exam, gain one year of professional general experience, and either attain a master’s degree or complete additional college courses to reach the required 150 total credit hours. The proposed model would add a competency-based experience option alongside the existing pathways.
The competency framework of the new pathway includes seven professional competencies and three technical competencies. Candidates must display all seven professional competencies and at least one of the three technical competencies. Public input on the proposed model can be submitted until December 6. The competencies will be verified in the workplace by licensed CPAs, and most candidates are expected to complete the requirements within a year with flexibility in timing.
The goal of the proposal is to ensure that accounting professionals have the necessary experience, knowledge, and competencies for CPA work, while also providing accessible paths to licensure that align with market conditions. The pathway aims to strike a balance between flexibility for CPA candidates and maintaining rigor for public protection. Feedback from the profession is crucial in refining and finalizing the competency-based experience model.
