October 30, 2024

What Will Replace 150-Hour Rule? | EY CPAs Fired For Taking Too Much CPE

1 hour 8 minutes

In this episode, Amber Setter returns to discuss the AICPA and NASBA's newly proposed competency-based pathway to CPA licensure, offering a 150-hour-rule alternative. They argue that the complexity of the plan might create more bureaucratic barriers rather than simplifying the process. There's also talk on the challenges facing the profession, including stagnant salaries and declining CPA numbers. Rounding out the show, they examine a recent story about EY firing employees for attending multiple online CPE courses at once.

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Chapters

(02:30) - Blake's Session on Automation Toolkit

(05:11) - Sponsor Acknowledgements

(05:34) - Discussion on AICPA and NASBA Competency Pathway

(06:35) - Amber Setter's Insights on the Proposed Pathway

(10:47) - Concerns and Practical Challenges

(16:21) - Potential Impact on CPA Candidates

(30:29) - Live Stream Viewer Comments and Questions

(36:02) - Debating CPA Education Requirements

(36:29) - Personal Journey to Becoming a CPA

(37:18) - State Differences in CPA Experience Requirements

(39:34) - NASBA's Influence on State Boards

(41:47) - Challenges in CPA Firm Hiring Practices

(42:38) - Value of Prior Work Experience

(42:55) - Different CPA Licenses Across States

(45:06) - Master's Degree in Accounting: Is It Worth It?

(47:41) - Experience vs. Education in CPA Training

(52:35) - The Appeal of Starting Your Own Firm

(01:00:15) - EY's Controversial CPE Policy

(01:03:09) - Innovative CPE Solutions with Earmark

(01:03:55) - Future of CPE and Mental Health Initiatives

(01:09:42) - Conclusion and Final Thoughts

Show Notes

Exposure draft: Proposed “CPA Competency-Based Experience Pathway”

https://www.aicpa-cima.com/certifications/download/exposure-draft-proposed-cpa-competency-based-experience-pathway

Educational Requirements for CPA Licensure

https://www.dca.ca.gov/cba/applicants/ed-requirements.shtml

EY Got Rid of Staff Who Took Multiple CPE Courses at the Same Time

https://www.cpapracticeadvisor.com/2024/10/23/ey-got-rid-of-staff-who-took-multiple-web-training-course-at-once/112128/

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Transcripts

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

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By Blake Oliver & David Leary

4.4

320320 ratings