The boards of directors of the AICPA and the National Association of State Boards of Accountancy (NASBA) recently approved an expansion of accountancy’s model legislation to include an additional path to CPA licensure.
The approved amendments to the Uniform Accountancy Act (UAA) add the option to earn CPA licensure with a bachelor’s degree, two years of professional experience and passage of the CPA Exam.
The UAA will continue to allow CPA licensure with one year of experience, passage of the CPA Exam and either a bachelor’s degree with 30 additional credit hours or a bachelor’s degree and a master’s degree. All paths require an accounting concentration at either the undergraduate or graduate level.
The new pathway, proposed in March, will be included in an amended UAA early this summer. See the UAA changes.