Roger CPA Review is delighted to introduce Dana Jarvis, Development Manager at Burr Pilger Mayer (BPM)! Working for the largest California-based Accounting and Consulting firm, and an expert in all-things-CPA, Dana brings you the industry s hottest topics! Tune in below and join the race to 2014!
As the Learning and Development Manager at Burr Pilger Mayer (BPM), it is my job to ensure staff stay up to date on the recent CPA licensure developments and to think of innovative ways to keep our staff moving forward on their CPA Exam progress.
The best advice I can give to a current California CPA applicant- get the four parts passed ASAP! Less than two and a half years are left until Senate Bill 819 takes effect, which phases out Pathway 1, as we currently know it, and puts into effect the 150 unit college education rule. I recently wrote the article, Ready for 150? Charting Unknown Water of New 150-Hour Licensure Requirement for CalCPA in the May 2011 issue, which focuses on how Burr Pilger Mayer is handling the changes and what issues both the universities and candidates are dealing with due to the grey areas in the education requirements.
Some Points of Clarification
Under the new rules you will still be allowed to sit for the exam if you meet the bachelor degree requirements of 24 units in accounting and 24 units in business, but you will not be allowed to get licensed until the 150 unit requirement is met.
The additional 30 unit requirement (on top of the bachelor degree requirements stated above) is still not yet finalized, however the Accounting Education Committee and the Ethics Curriculum Committee have recently come up with their recommendations that will be considered by the California Board of Accountancy at its July 21-22 meeting.
Get Grandfathered in
Those candidates who are applying under Pathway 1 still have ample time to get the licensure process started and finished. Time is of the essence in the race to 2014, so use it wisely and plan for setbacks and unforeseen personal events when scheduling your exams. If an applicant takes the full 18 months to pass all four exams, only a year is left to fill out the requisite experience forms and to complete the ethics exam.
Keep Up with the Changes:
California CPA magazine just published an article in the July issue describing the recommendations posed by the Accounting Education Committee and the Ethics Curriculum Committee. Although the educational requirements are not yet finalized, it is smart to keep up with the changes, so you know what to expect come January 1, 2014.