American Institute of CPAs and NASBA strides on CPA licensure

American Institute of CPAs and NASBA strides on CPA licensure

This is an assignment that focuses on the American Institute of CPAs and NASBA strides on CPA licensure. The paper also focuses on the examination process to maintain the professional standards.

The American Institute of CPAs and NASBA strides on CPA licensure

The American Institute of CPAs (AICPA) and the National Association of State Boards of Accountancy (NASBA) have been making strides to update the CPA licensure and examination process to maintain the rigorous professional licensing standards. AICPA and NASBA are working on a new CPA licensing model that is adaptable to the rapidly changing skills and competencies needed from accountants, especially in the technology area.
Required:
You are to prepare a research report in which you outline:
1.    Firstly, the current steps toward obtaining the CPA designation including the structure and topic coverage of the CPA exam,
2.    Secondly, the AICPA and NABSA proposed CPA licensure model,
3.    the impact on stakeholders across the profession (accounting firms, regulatory agencies, educators, potential CPA candidates), and
4.    your opinion (based on research) on the proposed CPA licensure model.

Support your writing with information from appropriate professional/academic sources (not Wikipedia).
Summarize what you discovered in your research in your own words – do not simply copy and paste from your sources. The research report should be typed, single-spaced and no longer than two pages in length. You should follow APA Style in formatting quoted material and sources.
Refer to Chapters 3, 4, 5, and 8 of A Handbook for Accountants by May and May for guidance on researching and writing a concise, clear, and effective report as well as avoiding plagiarism.

Additionally, the sources that will be used in the assignment should be according to the APA formatting and citation guidelines that are there in the internet. Submit the assignment through Turnit In in to avoid issues regarding with plagiarism.