Possible changes to the CPA exam involving tech competency

Posted on Monday, December 10, 2018 by Rebecca Kerr

By Rebecca Kerr, OSCPA communications intern

You might have to add some new study topics to your CPA exam study guide soon. Going Concern reported that technology and data analytics could very likely be areas covered in future CPA exams.

According to the Journal of Accountancy, “a working group formed by the National Association of State Boards of Accountancy (NASBA) and the AICPA is exploring possible changes to the CPA licensure requirements that would incorporate the skills and competencies in areas such as technology and data analytics that increasingly are needed in practice and business. Through an effort known as the CPA Evolution Project NASBA and the AICPA have discussed possible approaches to the changing demands in the accounting profession. NASBA and the AICPA have consulted with various stakeholders on this issue in an effort to help the profession meet the challenge.”

As technology progresses at a rapid rate, failure to evolve and adapt along with it can ultimately destroy your own ability to perform at the highest level in the workplace. In addition, many aspiring CPAs that will be enduring this new change already have most of this knowledge in their back pockets.

Having grown up in the age of constant technological surges and breakthroughs, millennials and Generation Zers are probably already better equipped for these changes than their older counterparts. Plus, as the article said, “if CPAs are going to win against the robots waiting to take their jobs, they’re going to have to adapt to the rapidly-changing world around us.”

Read the entire Going Concern article about this change here.

What do you think about these possible changes to the CPA licensure requirements? Are you surprised by it? Do you think it’s an important topic to test? Leave a comment and let us know.


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