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December 2020 » The CPA (Exam) Evolution
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Kathryn Yeaton, PhD, CPA
The accounting profession continues to face a rapidly changing marketplace requiring changing skills and competences. Some of the most significant changes have been the result of the technological advancements experienced throughout the profession and the business community at large. In order to address these changes and to maintain the profession's relevance, the AICPA and the National Association of State Boards of Accountancy (NASBA) initiated the CPA Evolution initiative. These efforts have resulted in a significant and substantive redesign of the CPA licensure model. The move to transform the CPA licensure model received a vote of support from the AICPA Governing Council on May 20, 2020, and from the NASBA Board of Directors on July 27, 2020.
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