New York and Nashville, Tenn.-based associations the AICPA and NASBA have proposed changes to the profession’s model law.
The proposed changes to the Uniform Accountancy Act (UAA) would enable the potential adoption by states of the CPA competency-based experience pathway – an additional path to CPA licensure proposed by the AICPA and NASBA. It would allow CPA candidates to demonstrate their professional and technical skills in the workplace after earning a bachelor’s degree and meeting their state’s requirements for accounting and business courses.
The AICPA and NASBA released an exposure draft outlining the proposed pathway on Sept. 12. That comment period is open through Dec. 6.
Separately, the NASBA board of directors approved for exposure UAA model rule changes updating the definitions to reflect the additional pathway for licensure and the experience required for the issuance of an initial certificate under the proposed additional pathway.
The AICPA and NASBA are seeking input on the proposed changes through a comment period that will remain open until Dec. 30. Comments can be sent to UAA Exposure Draft Comments.
