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OSCPA signs letter requesting recognition of accounting in STEM program list
Written on Sep 8, 2022
The Ohio Society of CPAs has signed a letter along with the AICPA and more than 45 other state societies to request that several Classification of Instructional Program (CIP) codes be added to the Department of Homeland Security’s (DHS’s) STEM Designated Degree Program List.
“While many accounting programs have modified their curricula to reflect the changing environment of accounting and its technological base, these changes have not yet been reflected in the recognition of accounting as a DHS STEM subject,” the letter states.
Programs use different CIP codes, and this submission is requesting DHS consider six of these codes to be included on the DHS STEM Designated Degree Program List. The codes include:
- 52.0301 – Accounting
- 30.1601 – Accounting and Computer Science
- 52.0304 – Accounting and Finance
- 52.0303 – Auditing
- 43.0405 – Financial Forensics and Fraud Investigation
- 52.1601 – Taxation
It goes on to say, “It is our strongest belief that accounting, as a field of study and as it is practiced by accounting professionals, should be designated as a STEM field, specifically under the “T” for Technology. Academic accounting programs engage students in research, innovation and development of new technologies primarily using computer science and data and financial analytics.”
