California Poised to Eliminate 150-Hour Rule for CPA Licensure

In this clip from episode 396, we discuss the California Board of Accountancy's (CBA) surprising move towards eliminating the state's 150-semester unit requirement for CPA licensure.
A recent CBA survey found overwhelming support (89%) for a bachelor's degree in accounting to be sufficient to meet educational requirements. The CBA has authorized drafting legislation to create an alternative pathway to licensure and broaden mobility for out-of-state CPAs. This change could have ripple effects nationwide.
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[@AdverseOpinion]

CPA's are designated as experts in Financial Accounting and federal Taxation. Financial Accounting and Federal taxation are the same nationwide. It makes no sense that each state has their own arbitrary requirements for a license that designates competency on national standards. A CPA in one state should be a CPA in all states.

[@AkhiRed]

So just to confirm in California you will not need 150 credits to get a cpa?

[@jp-fk5ke]

Mobility is not only the laziest excuse. But doesn't mobility also devalue the license because instead of just competing with people with the CPA license in my state I have to compete with everyone with my license throughout the country and in recent years outside of the US.
I also do want to ask if this whole mobility argument was made regarding states allowing licensing of people from outside of America where there are different education requirements

[@AkhiRed]

When will this new regulation take effect

[@Quentyn73]

The biggest showstopper is not the 150 hour rule but the cpa exam. Far went from 65% to 40%. The new tcp marked over 80% pass rates. They make horrible exam content.