Response to: The Ongoing Debate about the Impact of the 150-Hour Education Requirement on the Supply of Certified Public Accountants

2012 ◽  
Vol 27 (4) ◽  
pp. 1045-1057 ◽  
Author(s):  
Arthur C. Allen ◽  
Angela M. Woodland

ABSTRACT In an earlier paper in this journal, Allen and Woodland (2006; hereafter AW) provided evidence that the 150-hour education requirement for licensure significantly reduced the number of candidates taking and passing the CPA exam, but had little effect on pass rates. Gramling and Rosman (2009; hereafter GR) extended AW by examining the number of candidates based on whether the 150-hour requirement applies to the exam or for licensure, concluding that the 150-hour requirement does not reduce the number of candidates taking and passing the exam. In this paper, we reopen the discussion of whether the 150-hour education requirement affects entrants into the accounting profession by comparing the AW and GR research designs and conclusions. We conclude that the GR research design yields results about whether differences in 150-hour implementation methods affect the number of candidates taking and passing the exam, but does not directly provide evidence about whether the 150-hour education requirement itself affects the number of candidates.

2013 ◽  
Vol 28 (3) ◽  
pp. 503-512 ◽  
Author(s):  
Lawrence J. Gramling ◽  
Andrew J. Rosman

ABSTRACT: In this paper we reflect on two streams of research on CPA examination candidacy and accounting enrollments that include studies by Allen and Woodland (2006), Gramling and Rosman (2009), and Allen and Woodland (2012). In our response to the more recent Allen and Woodland (2012) article, we observe that the literature is split on causes for declines in accounting enrollments and CPA exam candidacy. The reversal of both of these declines in a relatively short period provides further evidence to question whether the 150-hour education requirement was actually the cause of decreases in accounting enrollments and CPA exam candidacy. With the adoption of 150-hour requirement in virtually all jurisdictions, we recommend that research refocus the questions to address how to structure the additional education to maximize the benefits of the increased education to the public, academe, students, and the profession. The continuing need for research into the content and the implications of the 150-hour requirement for members of the CPA profession is discussed and we call for additional research in a number of areas, including a concerted examination of the effects of changing delivery of accounting education on performance on the CPA exam and in practice.


2011 ◽  
Vol 31 (6) ◽  
pp. 853-865 ◽  
Author(s):  
Claire McKenna ◽  
Karl Claxton

Methods to estimate the cost-effectiveness of technologies are well developed with increasing experience of their application to inform adoption decisions in a timely way. However, the experience of using similarly explicit methods to inform the associated research decisions is less well developed despite appropriate methods being available with an increasing number of applications in health. The authors demonstrate that evaluation of both adoption and research decisions is feasible within typical time and resource constraints relevant to policy decisions, even in situations in which data are sparse and formal elicitation is required. In addition to demonstrating the application of expected value of sample information (EVSI) in these circumstances, the authors examine and carefully distinguish the impact that the research decision is expected to have on patients while enrolled in the trial, those not enrolled, and once the trial reports. In doing so, the authors are able to account for the range of opportunity cost associated with research and evaluate a number of research designs including length of follow-up and sample size. The authors also explore the implications for research design of conducting research while the technology is approved for widespread use and whether approval should be withheld until research reports. In doing so, the authors highlight the impact of irrecoverable opportunity costs when the initial costs of a technology are compensated only by later gains in health outcome.


Education ◽  
2020 ◽  
Author(s):  
Kylie L. Anglin ◽  
Anandita Krishnamachari ◽  
Vivian C. Wong

Since the start of the War on Poverty in the 1960s, social scientists have developed and refined experimental and quasi-experimental methods for evaluating and understanding the ways in which public policies, programs, and interventions affect people’s lives. The overarching mission of many social scientists is to understand “what works” in education and social policy. These are causal questions about whether an intervention, practice, program, or policy affects some outcome of interest. Although causal questions are not the only relevant questions in program evaluation, they are assumed by many in the fields of public health, economics, social policy, and now education to be the scientific foundation for evidence-based decision making. Fortunately, over the last half-century, two methodological advances have improved the rigor of social science approaches for making causal inferences. The first was acknowledging the primacy of research designs over statistical adjustment procedures. Donald Campbell and colleagues showed how research designs could be used to address many plausible threats to validity. The second methodological advancement was the use of potential outcomes to specify exact causal quantities of interest. This allowed researchers to think systematically about research design assumptions and to develop diagnostic measures for assessing when these assumptions are met. This article reviews important statistical methods for estimating the impact of interventions on outcomes in education settings, particularly programs that are implemented in field, rather than laboratory, settings. We begin by describing the causal inference challenge for evaluating program effects. Then four research designs are discussed that may be used for estimating program impacts. The article highlights what the Campbell tradition identifies as the strongest causal research designs: the randomized experiment and the regression-discontinuity designs. These approaches have the advantage of transparent assumptions for yielding causal effects. The article then discusses weaker but more commonly used approaches estimating effects, including the interrupted time series and the non-equivalent comparison group designs. For the interrupted time series design, differences-in-differences are discussed as a more generalized approach to time series methods; for non-equivalent comparison group designs, the article highlights propensity score matching as a method for creating statistically equivalent groups on the basis of observed covariates. For each research design, references are included that discuss the underlying theory and logic of the method, exemplars of the approach in field settings, and recent methodological extensions to the design. The article concludes with a discussion of practical considerations for evaluating interventions in field settings, including the external validity of estimated effects from impact studies.


Accounting ◽  
2021 ◽  
Vol 7 (6) ◽  
pp. 1435-1444 ◽  
Author(s):  
Ahmed Abdullah Saad Al-Dhubaibi

The purpose of this study is to investigate the perception of auditors regarding their responsibilities and potential liabilities to third parties in the case of failure to detect fraud/material misstatements and report the findings to the appropriate party. The study proposes that auditors’ perception of their own responsibilities will depend on the level of litigation threat expected by the auditor based on his or her position in the audit firm. The questionnaire was sent to the big 4 audit firms, the global audit firms other than the big 4, and to 189 different sized local audit firms registered with the Saudi Organization of Certified Public Accountants (SOCPA). The findings of this study revealed significant variations among auditors with regards to their perceptions of their own responsibilities and liabilities to financial statements’ users affected by their expected level of exposure to litigation risk.


2020 ◽  
Vol 5 (2) ◽  
pp. p21
Author(s):  
Hasan El-Mousawi ◽  
Hasan Kanso

The outbreak of a novel type of Coronavirus (COVID-19) in the majority of countries around the world has had many negative implications on almost all aspects of life. Currently, about a quarter of the population of Earth is quarantined at their homes, social distancing is effective everywhere, almost all industries have ceased their activities, and various businesses are either closed down or working from home. Procedures taken by governments or local authorities to improve their ability to contain the outbreak have impacted the global economy, which in turn will have many consequences on financial reporting of organizations. This study examines the impact of the novel Coronavirus outbreak on financial reporting of organizations from the viewpoint of Certified Public Accountants in Lebanon. The researchers have used a descriptive-analytical approach and have constructed a well-structured five-point Likert style questionnaire as the study tool. The questionnaire was distributed to a sample chosen from the population of certified public accountants in Lebanon. The random sample consisted of 300 practitioners of the profession, and 221 of them responded; all of which were valid for testing and analysis. The study reached some important findings mainly that the COVID-19 outbreak has had a significant impact on the financial reporting of businesses according to the opinions of Certified Public Accountants (CPAs) in Lebanon, and the researchers had some recommendations as a result.


2018 ◽  
Vol 12 (2) ◽  
pp. A27-A35 ◽  
Author(s):  
Mark D. Sheldon

SUMMARY A perennial challenge in the accounting profession is how to aggregate and share instances of practitioner misconduct among numerous relevant parties. At present, both the American Institute of Certified Public Accountants (AICPA) and National Association of State Boards of Accountancy (NASBA) offer solutions for centralized collection of misconduct, but both likely experience issues with incomplete reporting from key constituents. I propose a novel use of blockchain technology to address this issue, such that all key parties in the accounting profession leverage an accountancy blockchain to aggregate and share instances of practitioner misconduct across the country on a nearly real-time basis. Such a network creates an immutable record of misconduct and allows key constituents in the accounting profession to work together and share information as peers without the risk of one party taking control of the ledger. I close by discussing blockchain-specific roadblocks to realizing this proposed model.


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