NABET, NABET 2015 Faculty Conference

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THE IMPACT OF CPA EXAM CHANGES ON ACCOUNTING EDUCATION AND HOW TO TRAIN ACCOUNTING STUDENT TO THINK CRITICALLY
Ermira Mazziotta

Last modified: 2015-12-02

Abstract


Accounting profession like any other profession is constantly evolving and changing to better serve the business community and protect the interests of the public. To ensure that the accountants are adequately prepared to fulfill the tasks required by ongoing changes in the business world and advancement in technology, American Institute of Certified Public Accountants (AICPA) proposed changes to the uniform Certified Public Accounting (CPA) exam. The draft was issued by AICPA first on June 4, 2015 and it was an Invitation to Comment (ITC)  addressing all parties interested and impacted by changes on the uniform CPA exam. This paper is going to explain in detail the proposed changes; however, the main focus is the impact of these changes in the accounting curricula and how accounting educators can prepare students to fulfill these skills.