Advertisement
TOPICS

AICPA supports Accounting STEM Pursuit Act legislation

A bill introduced in the Senate would expand student awareness and access to educational opportunities in accounting via the technology portion of the science, technology, engineering, and math program.

Department of Education notice clarifies ‘professional’ degree definition

The notice of proposed rulemaking states that the exclusion of certain degree programs, including accounting, from the definition “does not reflect a value judgment” but rather serves as a technical term to define levels of federal student loan limits. An AICPA statement expressed appreciation for the “recognition of the broad definition and various aspects of the word ‘professional.’”

STEM designation for accounting has strong support

Nearly three-fourths of adults surveyed said accounting courses should be a part of the science, technology, engineering, and math education program, with a majority in key age groups saying the designation would make students more likely to pursue accounting education opportunities.

Encouraging signs from the new CPA Exam

While it’s early, all indications are that the CPA Evolution-aligned version of the CPA Exam, which debuted in January 2024, is performing in line with expectations.

AICPA, NASBA approve new CPA licensure path

Amendments to the Uniform Accountancy Act add a third pathway to CPA licensure: a bachelor’s degree, two years of professional experience, and passing the CPA Exam.

FROM THIS MONTH'S ISSUE

AI risks CPAs should know

Are you ready for the AI revolution in accounting? This JofA Technology Q&A article explores the top risks CPAs face—from hallucinations to deepfakes—and ways to mitigate them.