The CPA Evolution initiative was created to transform the CPA licensure model to recognize and support rapidly changing skills and competencies the accounting profession now requires. This joint effort—between the National Association of State Boards of Accountancy (NASBA) and the American Institute of Certified Public Accountants (AICPA)—has been a significant focal point of our NCACPA Board of Directors since the initiative was initially discussed in 2018.
In addition to providing updates surrounding NCACPA’s involvement in promoting member awareness of the CPA Evolution initiative, we want to offer resources—including a timeline of the CPA Evolution initiative—to deliver the latest information involving the status of this project.
To support the profession-guided development of the CPA Evolution initiative, NCACPA continues to communicate updates and encourage feedback through our website and Connect, “Focus on the Profession” programs, firm and industry visits, as well as NCACPA committee meetings.
As a result of constituent feedback received on a nationwide basis, the AICPA Council approved the CPA Evolution model on May 20, 2020. Per the timeline referenced above, the next step in the process involves the NASBA Board of Directors reviewing feedback received at their two Regional NASBA meetings held in June—followed by a vote regarding the initiative during their Board meeting next month. If the NASBA Board vote is in favor of the proposed model, work will commence on a new Uniform CPA Exam, with a goal of launching a new Exam in January of 2024.
To learn more about the CPA Evolution initiative, including a full review of the related UAA Exposure Draft, visit www.evolutionofcpa.org/.