Are you a CPA candidate who has academic teaching experience and lives in California? Are you finding it difficult to satisfy the work experience requirement to become a CPA? Good news, Senate Bill 1467 was recently signed into law! This bill authorizes the California Board of Accountancy (CBA) to allow academic teaching experience to count as qualifying general accounting experience for licensure. Up to this point, the CBA required CPA candidates to complete one year of work experience in public, private or governmental accounting while working under a licensed CPA.
According to CBA president, Michael M. Savoy, this allowance can help bridge the gap between theory and experience, benefiting students and the accounting profession. The regulations to effect the change are still being ironed out but this will be a great solution for professors who want to become CPAs but have hesitated because of the work experience requirement.
Want more information? Read about SB 1467.