What Will Replace 150-Hour Rule? | EY CPAs Fired For Taking Too Much CPE
In this episode, Amber Setter returns to discuss the AICPA and NASBA's newly proposed competency-based pathway to CPA licensure, offering a 150-hour-rule alternative. They argue that the complexity of the plan might create more bureaucratic barriers rather than simplifying the process. There's also talk on the challenges facing the profession, including stagnant salaries and declining CPA numbers. Rounding out the show, they examine a recent story about EY firing employees for attending multiple online CPE courses at once.
Chapters
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Chapters
- (02:30) - Blake's Session on Automation Toolkit
- (05:11) - Sponsor Acknowledgements
- (05:34) - Discussion on AICPA and NASBA Competency Pathway
- (06:35) - Amber Setter's Insights on the Proposed Pathway
- (10:47) - Concerns and Practical Challenges
- (16:21) - Potential Impact on CPA Candidates
- (30:29) - Live Stream Viewer Comments and Questions
- (36:02) - Debating CPA Education Requirements
- (36:29) - Personal Journey to Becoming a CPA
- (37:18) - State Differences in CPA Experience Requirements
- (39:34) - NASBA's Influence on State Boards
- (41:47) - Challenges in CPA Firm Hiring Practices
- (42:38) - Value of Prior Work Experience
- (42:55) - Different CPA Licenses Across States
- (45:06) - Master's Degree in Accounting: Is It Worth It?
- (47:41) - Experience vs. Education in CPA Training
- (52:35) - The Appeal of Starting Your Own Firm
- (01:00:15) - EY's Controversial CPE Policy
- (01:03:09) - Innovative CPE Solutions with Earmark
- (01:03:55) - Future of CPE and Mental Health Initiatives
- (01:09:42) - Conclusion and Final Thoughts
Show Notes
Exposure draft: Proposed “CPA Competency-Based Experience Pathway”
Educational Requirements for CPA Licensure
EY Got Rid of Staff Who Took Multiple CPE Courses at the Same Time
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Creators and Guests
Guest
Amber Setter
Chief Enlightenment Officer | Conscious Public Accountants - Amber Setter is the chief enlightenment officer for Conscious Public Accountants, whose mission is to guide accountants back to their wholeness. She is a national expert on building coaching cultures within the accounting profession. Her professional experience includes serving as an internal and external coach, facilitating and coaching within leadership development experiences, and building a nationally recognized learning and development function. She holds a Masters in Leadership Studies from the University of San Diego and a Bachelors in Business Administration, Accounting from San Jose State University. She is a graduate of Accomplishment Coaching — an ICF accredited Coaches Training Program — and also completed their Advanced Leadership Program as a Mentor Coach. She is an inactive CPA and an ICF Professional Certified Coach, and was recognized by CalCPA as a Woman to Watch in the Experienced Leader Category.
