Wisconsin lawmakers have passed a bill creating a new pathway to CPA licensure that requires a bachelor’s degree, two years of experience, and a passing score on the CPA exam, reducing the previous requirement of 150 college credit hours. The move follows a wave of licensing reforms across the US, with nearly 45 states having already implemented or considering similar legislation, driven by staff shortages in accounting firms and criticism of the excessive costs associated with the previous requirements.
On paper, the CPA license has always been about three things: education, experience, and passing an exam that makes even seasoned pros sweat a little. In practice, it has also meant 150 college credit hours, which usually translates to five years of schoo...
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