OSCPA has been very engaged in Ohio and nationally with firm leaders, other state CPA societies, the American Institute of CPAs (AICPA) and the National Association of State Boards of Accountancy (NASBA) trying to identify impactful short- and long-term solutions to the problem employers everywhere are facing: hiring new CPAs or CPA candidates. Not only are there fewer college students in general, but the number of accounting majors is down and accounting majors who opt to sit for the CPA Exam is lower still. While this is far from the only change needed, one proposed solution seeks to ease the testing burden on those sitting for the CPA Exam by providing more time.
The issue on the table right now is from NASBA’s Uniform Accountancy Act Committee: it proposes expanding the amount of time CPA candidates have to pass all four parts of the CPA Exam from the current 18 months to 24 months. OSCPA and many other state CPA organizations feel this is a step in the right direction but is not a meaningful change. OSCPA supports increasing the amount of time to pass all four parts of the Exam to at least 36 months. If you feel this expansion should be at least 36 months - the same as what was in place prior to when the online CPA Exam was implemented - please speak out now by sharing your thoughts with the UAA Committee! The deadline to respond is April 17, 2023.
We know that your time is limited, so OSCPA has made available a letter-writing program that makes it quick and easy for you to share your comments directly with the NASBA UAA Committee. Simply go to the site, enter your contact information, revise the sample email as you wish with your own experiences, and send! It will take you 10 minutes at most. We have links to two different versions: one for current CPAs, and a second for future CPAs.
If you have questions or comments, please contact OSCPA at firstname.lastname@example.org