![]() The "evolved" CPA Exam is intended to reflect the realities of practice today and involves a "core + discipline" approach to licensure, offering candidates an opportunity to elect a specialization (see the AICPA's 2021 New Model for Licensure). The CPA Evolution Initiative - a joint effort of the National Association of State Boards of Accountancy (NASBA) and the AICPA - recently released planned updates to the CPA licensure model, which will roll out in 2024. Then, in 2018, the AACSB upped the ante by adding a requirement that both faculty and students master current technology and learn emerging technologies and that technology be incorporated across the entire accounting curriculum (see the AACSB's 2018 Standards for Accounting Accreditation, Standard A5, p. In 2013, the Association to Advance Collegiate Schools of Business (AACSB) started requiring all separately accredited accounting programs to incorporate information technology into their curriculum. Accreditation requirements and CPA Evolution This column considers these challenges and proposes strategies to comprehensively integrate technology into the curriculum in a way that simultaneously meets employer demands and academic accreditation requirements and aligns with the structure of the new CPA Exam. To meet these expectations, a few professional accounting organizations took action by implementing new requirements and rolling out new programs, all of which serve to reiterate the message that accounting curriculum must incorporate technology - not just some of it, but all of it. Technology is ubiquitous in their job, and employers expect near- immediate technological proficiency. For example, recent graduates might use visualization software to sort prior tax returns and explore how proposed tax policies might affect taxpayers with different filing statuses or from different states. ![]() With the automation of many more menial tasks, such as rolling over prior years' files and importing financial information, new tax practitioners are now asked to hit the ground running - completing a greater variety of more complex returns than previous generations.Ĭurrent technologies can also be used in new ways. Employers continue to emphasize a need for accounting graduates with an expert- level ability to analyze and interpret large amounts of data using current and emerging technologies.
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