A new CPA licensure model has been proposed by the National Association of State Boards of Accountancy and the American Institute of CPAs. The organizations plan to finalize an approach to the new model by next summer with a multi-year implementation to follow.Having a bigger emphasis on technology skills and knowledge is one of the major goals of the initiative.
Candidates for censure would be required to demonstrate knowledge in accounting, auditing, tax and technology. Beyond that, “each candidate would choose a discipline in which to demonstrate deeper skills and knowledge,” according to their statement The organizations said the CPA would not be limited to the practice area selected.
NASBA and the AICPA said they believe “this draft model will address the greatly expanding body of knowledge required of newly licensed CPAs, which includes a deeper understanding of systems, controls, SOC engagements and data analysis.”
Feedback is being accepted on the proposed model and anyone wishing to provide input may email This email address is being protected from spambots. You need JavaScript enabled to view it..
