CPA Groups Rethink Licensing Reform Proposal Panned by Industry

Two large professional groups for accountants are pursuing new reforms to CPA licensing requirements to help address a talent shortage, after public accounting firms and others critiqued previous suggestions as too complex.

The American Institute of Certified Public Accountants and the National Association of State Boards of Accountancy announced Thursday they’re asking a joint committee to draft fresh model legislative language allowing CPA candidates more flexibility in meeting the educational and work experience requirements to take their exams, and making it easier for accountants to practice across state lines. The model language is intended to serve as a template for ...