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What does this mean for the  Te specific content of the core and the disciplines will be determined by a CPA Exam practice analysis, which is currently underway. Practice analyses — gathering information about the current and future state of the profession and the work of newly licensed CPAs — are conducted periodically as part of the AICPA’s ongoing efforts to make sure the Exam is current and to maintain its validity and reliability. Te current practice analysis will likely wrap up in 2022, and an Exam Blueprint will be exposed for public comment in mid-2022. Te AICPA and NASBA expect the new Exam will launch in January 2024.


What does this mean for  Accounting educators will play a vital


role in preparing students to pursue the CPA under this new licensure model. Many universities will need to update their accounting curricula to prepare students to meet the demands of the marketplace.


What’s next for students and CPA candidates? Aspiring CPAs who are current college


freshmen will be among the first to take the overhauled version of the CPA Exam when it launches in 2024. Current CPA candidates will be able to sit for the current CPA Exam until the launch of the new Exam, and a transition plan is being developed for candidates who have started but not completed the CPA Exam process as of January 2024. Under the new model, the AICPA and NASBA expect to attract students who wouldn’t necessarily choose the CPA route, but who are becoming more critical to the success of the CPA profession.


How are the AICPA and NASBA  programs and educators? Accounting educators will play a vital


role in preparing students to pursue the CPA under this new licensure model. Te AICPA and NASBA are committed to helping educators every step of the way. Te AICPA and NASBA have engaged with faculty and practitioner volunteers


to build a model curriculum that aligns with the core + discipline licensure model. Te model curriculum will launch this June, and updates will be posted on EvolutionofCPA.org. Faculty can also access the Academic


Resource Hub, a free database of content from the AICPA, accounting firms, academics and AICPA teaching-award winners that will help faculty prepare students for the rapidly evolving demands of the profession. Te hub contains more than 200 resources for a range of class levels on topics like data analytics and cybersecurity to use in classroom instruction. Troughout 2021, the AICPA will be holding a series of faculty webinars including regular updates on CPA Evolution and deep dives into emerging topics to include in accounting courses. As CPA Evolution continues to progress, please check back for resources and updates at www.EvolutionofCPA.org.


July/August 2021


CPAFOCUS


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