November 2008

In November 2008, NASBA issued a discussion draft (the Draft) reporting research it conducted to explore and research the implications of allowing CPA candidates to sit for the Uniform CPA Examination with a minimum of 120 credit hours. The stated impetus for the study was the increasing number of states changing their requirements to sit for the exam from 150 hours to 120 hours while still requiring 150 hours of course work for licensure (120/150 model.)

The Draft states that the 120/150 educational model “raises many questions for state boards and other stakeholders.” More specifically, does the testing through the CPA exam at less than 150 hours harm the public or, more positively, is this beneficial to the public.

  • Does the 120/150 model ensure that boards are maintaining their public protection responsibility?
  • Does this model increase the number of candidates entering the profession?
  • Does this lesser education requirement for sitting for the examination provide greater opportunities for women and minorities?
  • Does this model assist candidates with the costs associated with becoming a CPA?
  • Is the number of candidates entering the profession a public protection issue for boards?

See Full Document:
Education Committee Response On 120/150 Draft November 2008

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