Practice mobility and substantial equivalency are in the spotlight as various state legislatures look to change education and experience requirements for CPA licensure. In response, the AICPA has stepped up, offering some guidance. They've crafted a compliance checklist designed to navigate interstate practice. Substantial equivalency has long been the backbone of CPA mobility, ensuring standards across states. Yet, with each state wielding the power to redefine these standards, the seamless landscape of CPA practice faces fragmentation. The ripple effects of such changes could extend far beyond individual CPAs, impacting firms and the clients they serve. Let's talk about it. How do you see these potential changes impacting your practice or the broader CPA community?
Kevin DeCicco, CPA’s Post
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You don’t have to be a firm leader to make an impact on the profession, especially when it comes to supporting peers on their CPA licensure journey! As the profession continues to work toward solving common barriers to the license, here are three ways individuals can step in to help. Learn more about ways to help ease burdens to licensure here: https://lnkd.in/gGQ4-nwi
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Important to know if you practice across state lines.
Potential legislation in certain states may change CPA licensure requirements. Learn how this could affect interstate practice mobility. https://lnkd.in/e2f3zp9Q
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Just one man's opinion, but our CPAs in this country are under pressure. under pressure to work more, under pressure to produce more, under pressure to get CPA services right to help protect the public and help deter business/bank failures. in physics, too much pressure can cause a break. the CPA profession cannot break. and we need to find ways to help relieve the pressure. More CPA's is one of the solutions, and reducing a barrier into the profession (down 30 credit hours between 150 to 120) is 1 of the many levers we need to pull on this solution. There are many ways we need to attack the CPA pipeline issues. There isnt a guaranteed ROI on the extra 30 credits worth of money. "There's always a better way". And we need to change the value prop narrative of being a CPA. Boz Bostrom thank you for well-prepared speech and sharing it with us on Linkedin.
I was scheduled to testify today as a part of a Minnesota Senate committee hearing on the proposed legislation to offer alternative pathways to CPA licensure. Time ran short, so I was not able to testify. Here are the remarks I had prepared.
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🕰️ Throwback Thursday Accounting Fact 🕰️ Back in 1869, the first professional association for accountants, now known as the American Institute of Certified Public Accountants (AICPA), was founded in New York City. This milestone marked a significant step towards establishing accounting standards and professional ethics in the United States! 💼📜 #ThrowbackThursday #AccountingHistory #CPAInsights
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Easy interstate practice enables businesses to hire the CPAs and CPA firms they want. State licensure changes could make that harder. See how. https://bit.ly/49CgINt
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Congratulations to our members who became licensed CPAs in March! Your hard work has paid off, and you're officially part of California's thriving CPA profession. 🔗 Discover the complete list of new licensees from the California Board of Accountancy here: https://bit.ly/47zZMpH. #CalCPA #FutureOfAccounting #CPA #Accounting #Finance #AspringCPA #CPAExam
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Attention all accounting enthusiasts! Dive into the latest article by CPA Practice Advisor and discover how the Pennsylvania Institute of CPAs is setting the standard for excellence in the industry. Don't miss out on this exciting read! #CPA #AccountingExcellence
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30 Months to Pass the CPA Exam? It’s True! You may have heard that candidates now have 30 months to pass the CPA Exam. And it’s true! But not in all states. Check out this helpful map that was provided by NASBA to see where your State Board of Accountancy falls on this historic change, and be sure to check with your State Board of Accountancy to confirm what the current rule is in your state.
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Easy interstate practice enables businesses to hire the CPAs and CPA firms they want. State licensure changes could make that harder. See how. https://bit.ly/49CgINt
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