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The Mount Is at the Forefront of Accounting CPA Evolution

Paige Roberts
Graduate Assistant, Office of University Marketing & Communications

Bolte accounting feature

The American Institute of CPAs (AICPA) and National Association of State Boards of Accountancy (NASBA) are working in tandem to implement a new model accounting curriculum that will significantly modify and update the current CPA exam. The new model, CPA Evolution, has been in the works for several years and is responsive to feedback from stakeholders across the profession.

The Mount's accounting faculty have been actively engaged in the CPA Evolution project since its inception. Professors in the Richard J. Bolte, Sr. School of Business are working to realign the university’s accounting curriculum to better prepare students for the push toward greater technological literacy in the accounting profession. The Mount's new accounting curriculum is expected to be developed in the upcoming months and implemented starting in the 2022-2023 academic year. “These changes to our accounting curriculum will keep the Mount and our students at the forefront of the new model of evolution in accounting in the USA,” according to Richard J. Bolte, Sr. School of Business Dean John Nauright, Ph.D.

In a recent conference sponsored by the American Accounting Association, AICPA and NASBA unveiled their CPA Evolution model curriculum. The conference featured presentations from faculty and practitioners who assisted in curriculum development. Each of the CPA exam’s newly formulated four-part format was discussed with suggestions for modules, topics and course coverage.

The CPA Evolution initiative is a licensure model that incorporates a strong common core in accounting, auditing, tax and the impact of technology on each followed by a discipline of the candidate’s choice. Developed in response to rapidly changing realities of practice within the professional environment, the updated licensure model aims to produce candidates who have the deeper proven knowledge and skills necessary to meet the evolving needs of organizations, firms and the public. The new CPA exam is expected to launch in 2024.

Paige Roberts
Graduate Assistant, Office of University Marketing & Communications