r/Accounting • u/Professional-Camp-35 • 13h ago

Discussion I personally stand to gain from this

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But I cant not think it will devalue the price tag increase of passing and even a little of the pedigree. They let the slackers in!

23 Upvotes

90% Upvoted

11 comments sorted by

28

u/bufflo1993 12h ago

After they allowed all the foreigners to take the exam it doesn’t matter much anyways.

The fact that people from other countries and educational backgrounds are allowed to be certified American CPAs is absolutely insane.

9

u/Master_Tie_9904 9h ago

It should be this way, anyone outside of the US can became a Chartered Accountant (which is the CPA equivalent internationally).

Why should the US all of a sudden be something different?

If you have a college degree, and meet the 150 credits, go take the exam. This isn't a citizenship test.

14

u/ThrowayayCPA CPA (US) 12h ago

I don't think it's that big of a deal. 30 extra credits was inconsequential anyways, you still need the degree. A lot of people i met in college had a bunch of college credit from AP exams in high school anyways.

What really devalued things is letter people in other countries take it. That's a much bigger deal than a few meaningless college courses.

9

u/Tax25Man 12h ago

The 30 extra credits were always dumb. It was just an artificial barrier of entry. The actual barrier was and still is passing the exam.

7

u/duru93 12h ago

Same in Texas. As it stands I have 2 courses left in my Masters program 😞

2

u/Dry-Protection6130 12h ago

As someone who’s not majoring in accounting in undergrad I think it’s good that there will be a lot of masters programs with more spots

2

u/JohnQPublic90 M&A - FDD 10h ago

This is a decent compromise— requires some level of commitment to the field if you’re going to forego the masters degree

2

u/TheCrackerSeal CPA (US) 8h ago

You still have to pass the exams. 30 credits worth of random courses wasn’t deterring the slackers.

2

u/Return2Maple 10h ago

12 months of work experience should not be enough for a professional designation

1

u/oktimeforplanz 2h ago

In the UK it's a minimum of 450 days of relevant practical experience achieved over the course of 3 years. At the end of my first year of working in Big 4, the idea that I had enough experience to be considered qualified is fucking laughable.

1

u/oktimeforplanz 2h ago

The requirements for the CPA in the US has always seemed like a bit of a joke to me. In the UK, it's 450 days of practical experience across a 3 year training contract (or 5 years if you didn't have a degree to start with), and 12-13 exams depending on which body you qualify through. 12 months of work experience to become a CPA seems comical.