Pennsylvania's Senate Bill 719, backed by bipartisan support, presents a new pathway for CPA licensure. The bill introduces two options for aspiring accountants; Path A, the traditional method requiring 150 credit hours, a year of professional experience, and the CPA Exam, and Path B, which requires 120 credit hours, two years of professional experience, and the CPA Exam. This reduction of class time in favor of practical experience aims to address a declining interest in the profession, with over half of the state's CPAs over age 50. The bill also makes it easier for CPAs licensed in other states to practice in Pennsylvania, potentially leading other states to adjust their own rules.
Think becoming a CPA means grinding out 150 credit hours? Not so fast. Pennsylvania's new CPA licensure bill is sending shockwaves through the profession. Senate Bill 719, now sitting on Governor Josh Shapiro’s desk, isn’t just a tweak; it’s a full-blown...
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