Material Gains: Exploring Industry-Level Impact of the CPA Evolution Initiative
Leading Professional Services Firms
Thursday May 20, 2021 | 12:30PM-1:45PM ET
Last spring, the National Association of State Boards of Accountancy (NASBA), in partnership with the American Institute of Certified Public Accountants (AICPA), voted to approve the CPA Evolution Initiative, an effort seeking to redesign CPA licensure. The new model will continue to require that CPA candidates demonstrate aptitude in the areas of tax, accounting and auditing as continued core facets of the industry. However, to address both an increasingly tech-enabled industry and mounting necessity towards specialization, candidates must now demonstrate greater technical aptitude and declare a discipline of expertise from three foci: tax compliance and planning, business reporting and analysis and information system and controls. To understand the aftereffects of this initiative, our session brings together academic and business leaders in a discussion about the potential results of such sweeping change to the tax and accounting profession, including guidance on how current CPA licensees can navigate the path ahead.
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