SHARE:  In recent months, NASBA and the AICPA have issued two exposure drafts concerning the CPA Competency-Based Experience Pathway and proposed changes to the Uniform Accountancy Act (UAA). Board of Accountancy representatives are urged to submit comments on these important issues prior to their respective December deadlines. Designed to increase flexibility for candidates, respond to market conditions, and protect the public, the Competency-Based Experience Pathway would allow candidates to meet the final stretch of CPA licensure requirements by exhibiting competencies according to a model framework that has been developed by the AICPA and NASBA. The comment period for this exposure draft ends December 6, 2024. To review the exposure draft, click here. To submit your comments, please click here. The Uniform Accountancy Act (UAA) provides state legislatures and Boards of Accountancy with a national model that can be adopted in full or partially adapted to meet the needs of each jurisdiction. The proposed changes to the UAA would enable the potential adoption by states of the CPA Competency-Based Experience Pathway — an additional path to CPA licensure proposed by the AICPA and NASBA. To facilitate state adoption of the Pathway, the AICPA and NASBA boards of directors each approved for exposure changes to the UAA and are seeking input on the proposed changes through a comment period that will remain open until December 30, 2024. To review the proposed UAA draft, click here. To submit your comments, please click here. |
