CPA question - why don't they nationalize this?

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CPA question - why don't they nationalize this?

24 posts from 9 voices

Started 4 months ago by Yvonne570
Latest reply from 75

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Yvonne570

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They opened international testing centers for foreigners who have to select a state to become certified in only to practice in their country as a CPA.

I'm a CRP, which is national and really do not understand this CPA state by state process. It doesn't seem to be feasible in today's globalization and international demand to become a CPA. The CPA is ideal in countries such as Australia and the UK. It's very funny how you go into NASBA and AZ is one of the states who offer this but in AZ Board site, not fully updated, they require one to be a resident in the state.

Chartered Accountant in Australia
Chartered Accountant in Canada
Chartered Accountant Ireland
Chartered Accountant in New Zealand
Mexican Contadoro/a Publicos/as

http://www.aicpa.org/Press/PressReleases/2010/pages/uscpaexamforthefirsttime.aspx

AUD - Passed:)
FAR - Passed:)
REG - Retake TBD
BEC - Missed by 3 points Retake TBD
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Posted 4 months ago #
mla1169

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Sadly thats an easy question. The states won't give up the licensing revenue!

FAR- 77
AUD -49, 71, 84
REG -56,75!
BEC -75

If I can do this, YOU can do this! Hang in there :)

Posted 4 months ago #
75

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The states can unify all requirements and in the end it won't matter in which state you practice :)

Finally a CPA :)

Posted 4 months ago #
Jeff - another71.com

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Thankfully it's not like the Bar Exam where each state is different.

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Posted 4 months ago #
MICPA87

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I've also always wondered this. Wouldn't it make sense to have one, national accounting board and one set rules regarding education/work experience requirements?

FAR(11/14/11)- 92
AUD(01/04/12)- 91
REG(05/30/12)- TBD
BEC(07/21/12)- TBD

Posted 4 months ago #
Jeff - another71.com

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You want the Federal Government running CPAs? :)

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Posted 4 months ago #
MICPA87

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No, but what's wrong with a board that has representatives from all the states? Nothing says the federal government has to run it.

FAR(11/14/11)- 92
AUD(01/04/12)- 91
REG(05/30/12)- TBD
BEC(07/21/12)- TBD

Posted 4 months ago #
Jeff - another71.com

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50+ people trying to agree on something like licensing? I can't get my 4 oldest kids to agree on lunch :)

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Posted 4 months ago #
CPA-Convertible

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@Yvonne570...It will be nationalized in year 2312, three hundres years after the world ends...Seriously, I live in Texas. At this point, I am happy if Texas become one of of these NASBA states...

AUD - Passed - 8-31-11
BEC - Passed - 11-29-11
FAR - Passed - 2-29-12
& REG - Scheduled - 5/31/12

Posted 4 months ago #
Yvonne570

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Lol, I have my CRP license and this is handled through the ERP. Perhaps the NASBA can handle the CPA license process or the AICPA- not the Federal Gov't - and definitely not SEC (or the DEA). LOL. There is a method to the madness. Just the current system will not work very well with international sites and foreigner CPAs. Same laws, same test, almost the same requirements across the board.

AUD - Passed:)
FAR - Passed:)
REG - Retake TBD
BEC - Missed by 3 points Retake TBD

Posted 4 months ago #
Yvonne570

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Wish list:

NASBA handles CPA licensing. If you want to run a business, you still have to get a business license to practice in a state.

NTS - 18 months (get rid of the 90 day 6 month)

Education requirements - all the same pretty much - they want 150 (ok)

Experience - eliminate altogether

AUD - Passed:)
FAR - Passed:)
REG - Retake TBD
BEC - Missed by 3 points Retake TBD

Posted 4 months ago #
Minimorty

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Wait, I'm sorry. Yvonne, you think the experience requirement should be eliminated? The only thing that would accomplish would be to reduce the value of the license and flood the market with unqualified CPAs. I wish they would increase the experience requirement to something closer to 5 years. There are way too many CPAs out there who dont know their head from their you know what and a big part of that is lack of experience. Education and test taking only takes you so far. 5 years of real world application? Now we are getting somewhere.

Posted 4 months ago #
Yvonne570

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Okay Mini:) 1 year experience:) Is that better?

AUD - Passed:)
FAR - Passed:)
REG - Retake TBD
BEC - Missed by 3 points Retake TBD

Posted 4 months ago #
Minimorty

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lol. Better, yes, but still not where it needs to be.

Posted 4 months ago #
MCLKT

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Nationalize... agree. Increase experience to 5 years... AGREED!

I think the credential loses its umph when a kid straight out of college, that has had nothing to do but study, while living at home with the 'rents is now a licensed CPA. Sure, pass the exam, but know a little bit about the real world too.

wE - 2012
R - 2012
F - 5-31-2012
A - 7-20-2012
B - 1/2012=74 Retake(8/2012)

Posted 4 months ago #
75

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I think the experience requirement is nothing in comparison to the 150-credits one.

And I'm sure that in a state like IL, where there's no experience required, there aren't more CPAs.

Finally a CPA :)

Posted 4 months ago #
BaseballCPA

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I agree...I think the experience requirement should be AT LEAST 3 years, if not 5. You should at least have to make it to senior consultant/manager at an accounting firm (or industry equivalent) before you can obtain the cert.

REG - PASSED -- 1st Attempt
FAR - PASSED -- 1st Attempt
AUD - PASSED -- 1st Attempt
BEC - PASSED -- 1st Attempt
Ethics - PASSED -- 1st Attempt

Posted 4 months ago #
Yvonne570

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That may be a little challenging. With so many companies upgrading their requirements before they will consider you to obtain the experience. I have been trying to get to a higher level for 15 years. LOL. Although, I consistently perform exceeded expectations everywhere I work, the companies I work for keep requiring more and more just to move up a small level. Management positions seem to be out of reach for me. However, the CPA is and hopefully will pay off. Eventually, I will need to find another job in order to move up. But I kept hearing - CPA preferred. Management experience required.

AUD - Passed:)
FAR - Passed:)
REG - Retake TBD
BEC - Missed by 3 points Retake TBD

Posted 4 months ago #
75

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There are quite a few managers who can't pass the exams and many entry-level accountants who can...

Finally a CPA :)

Posted 4 months ago #
BaseballCPA

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That's true, 75; that's why you need the whole "sha-bang" :)

REG - PASSED -- 1st Attempt
FAR - PASSED -- 1st Attempt
AUD - PASSED -- 1st Attempt
BEC - PASSED -- 1st Attempt
Ethics - PASSED -- 1st Attempt

Posted 4 months ago #
Minimorty

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Agreed with @baseball. The whole point of having a premium certification is to set yourself apart from the crowd. To me, this is being able to pass the exam and have 5 years of experience in the industry.

Posted 4 months ago #
75

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Mini, I don't think the CPA crowd is that big :)

Finally a CPA :)

Posted 4 months ago #
mla1169

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I agree with the longer experience requirement but think more types of work should count as experience. After 18 years of working in industry, I think I should get *some* type of experience credit. Maybe an additional year of working in public or something but certainly it is worth something to have been working as long as I have been.

FAR- 77
AUD -49, 71, 84
REG -56,75!
BEC -75

If I can do this, YOU can do this! Hang in there :)

Posted 4 months ago #
75

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@mla1169

I believe in NY, if you have 15 years of acceptable experience, you don't need to satisfy any education or experience requirements.

Finally a CPA :)

Posted 4 months ago #

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CPA question - why don't they nationalize this?

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