October 21, 2008

The Pre-Certification Education Executive Committee (PcEEC) of the AICPA  comments on NASBA’s discussion paper, “Education and Licensure Requirements for Certified Public Accountants: A Discussion Regarding Degreed Candidates Sitting for the Uniform CPA Examination with A Minimum of 120 Credit Hours and Becoming Eligible for Licensure with a Minimum of 150 Credit Hours.” The response is addressed to David Costello.

The NASBA discussion paper asks respondents to assess whether a model that requires candidates to have 120 hours of education to sit for the CPA exam and 150 hours of education for licensure (120/150 model) will protect the public as well as one that requires the candidates to have 150 hours of education to sit for the CPA exam and 150 hours of education for licensure (150/150 model). Our consensus is that although certain thoughtful accounting practitioners and educators favor the 120/150 model, continued reliance on the 150/150 model offers greater promise for protecting the public interest

See Full Document:
AICPA Comments on 120/150 Hours Draft November 2008

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