Exposure draft: Proposed “CPA Competency-Based Experience Pathway”

The American Institute of CPAs (AICPA) and the National Association of State Boards of Accountancy (NASBA) have proposed an initiative aimed at helping Certified Public Accountant (CPA) candidates meet initial licensure requirements. This additional option would not replace existing pathways to licensure, but instead respond to market changes and expand opportunities for the next generation of accountants. Under the “CPA Competency-Based Experience Pathway,” CPA candidates could meet initial licensing requirements by exhibiting their competency in specific professional and technical areas. For example, professional competencies include ethical behavior, critical thinking skills, and effective communication. Technical competencies include options in audit and assurance, tax, and financial reporting. These candidates would still be required to earn a bachelor’s degree, complete one year of professional general experience, and pass the CPA Exam.

The draft pathway is still in development and requires further evaluation and input from across the profession. Comments are due December 6, 2024, and can be submitted through this form.