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Timeline

Broadening pathways to CPA licensure

  • May 20, 2024
    • The Minnesota Legislature adjourns for the year without the pathways legislation becoming law.
  • May 14, 2024
    • The National Pipeline Advisory Group releases its draft strategy. Six recommendations were made, including addressing "the time and cost of education."
  • March 7, 2024
    • The Minnesota Senate State and Local Government and Veterans Committee holds a hearing on SF 1660 and advances the bill to the Senate Finance Committee. View the hearing
  • Feb. 29, 2024
    • MNCPA members participate in the annual MNCPA CPA Day at the Capitol, advocating for many issues, including broadening the pathways legislation.
  • Feb. 29, 2024
    • The National Pipeline Advisory Group (NPAG) launches two surveys seeking responses cocnerning the national acccounting pipeline. NPAG comprises CPAs, accounting and finance professionals, educators, association members, state regulators and other stakeholders.
  • Feb. 12, 2024
    • The New Jersey Society of CPAs publishes a survey of members showing support for broadening pathways to CPA licensure and discusses the topic on its podcast.
  • Feb. 12, 2024
    • The Minnesota Legislature convenes for the 2024 session. HF 1749 and SF 1660 automatically carry over from the prior session and remain as active bills.
  • Jan. 27, 2024
    • An MIT-backed study of the 150-hour rule finds the requirement caused a 14% drop in new CPA applicants and a 26% drop in minorities seeking the CPA license.
  • Jan. 23, 2024
    • The Iowa Society of CPAs surveys members and makes a statement of support for broadening the pathways.
  • Jan. 5, 2024
    • The Arizona Society of CPAs publishes results from a member survey showing 81% of its member support broadening the pathways to CPA licensure.
  • November 2023
    • The Ohio Society of CPAs announces a five-point action plan to attract more candidates to the profession. The plan includes forming a coalition and reviewing and revising the curriculum required to become a CPA.
  • October 2023
    • NASBA forms the Professional Licensure Task Force.
  • Aug. 4, 2023
    • The South Carolina Association of CPAs introduces legislation to create “flexibility in our licensing framework to adapt to external changes in licensure.”
  • July 14, 2024
    • Guylaine Saint Juste, president and CEO of the National Association of Black Accountants, shares support of the broadening the pathways initiative.
  • July 2023
    • The Center for Audit Quality publishes a report based on 1,800 student responses that the 150-hour rule is one of the most significant barriers to pursuing an accounting degree.
  • May 22, 2023
    • Minnesota Legislature adjourns for the year.
  • May 10, 2023
    • The Virginia Society of CPAs publishes findings from its special task force on the 150-hour rule, stating support for further discussion, and writing, “It’s clear the 150-hour requirement is not currently meeting the profession’s expectations.”
  • May 2023
  • March 3, 2023
    • Jen Leary, CPA, managing partner of CliftonLarsonAllen LLP, writes in support of broadening the pathways to CPA licensure.
  • Feb. 16, 2023
    • Senate File 1660, authored by Rep. Jordan Rasmusson (R), and cosigned by Senate Majority Leader Erin Murphy (DFL), is introduced in the State and Local Government and Veterans Committee for a first reading.
  • Feb. 15, 2023
    • House File 1749, authored by Rep. John Huot (DFL), is introduced in the State and Local Government Finance and Policy committee for a first reading.
  • Dec. 15, 2022
    • The MNCPA board approves an initiative to draft legislation to broaden the pathways to CPA licensure in Minnesota while maintaining rigorous testing requirements.
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