A message from AICPA State Regulation and Legislation
Dear State CPA Society Colleagues:
As you know, the CPA Evolution initiative aims to transform the CPA licensure model to recognize the rapidly changing skills and competencies the practice of public accounting requires today and will require in the future. It is a joint effort between the AICPA and NASBA.
As part of the CPA Evolution initiative, the leadership of NASBA, in collaboration with the AICPA, determined that the UAA Model Rules around educational requirements for licensure needed to be updated to create more consistency and flexibility. Those changes, which were unanimously endorsed by AICPA’s Board of Directors, are currently exposed for public comment. The proposed Model Rule changes would:
- Align the UAA Model Rules with what many state boards of accountancy are already requiring today;
- Recognize the large role technology plays in the CPA profession today;
- Help students in their pursuit of 150 credit hours by expanding the number of credit hours that can be earned through internships; and
- Clarify the role that accreditation plays when a state board of accountancy is reviewing a candidate’s transcript.
You can find the Exposure Draft here. Comments can be submitted to uaacomments@nasba.org. The deadline for comments is August 31, 2020.
If you have any questions, please reach out to me at Skip.Braziel@aicpa-cima.com or Dan Dustin at ddustin@nasba.org