Accounting Majors' Perceptions regarding the 150-Hour Rule

2004 ◽  
Vol 19 (2) ◽  
pp. 211-227 ◽  
Author(s):  
James L. Bierstaker ◽  
Martha Howe ◽  
Inshik Seol
Keyword(s):  
College Education ◽  
Business Administration ◽  
Master Of Business Administration ◽  
Certified Public Accountant ◽  
Accounting Firms ◽  
Effect Data ◽  
Management Accountant ◽  
Cpa Exam ◽  
New Entrants ◽  
Public Accountant

Most states now require students who sit for the Certified Public Accountant (CPA) examination to have 150 semester hours of college education. The 150-hour requirement is intended to, among other benefits, improve the preparation of students for the profession, increase their chances of success on the CPA exam, ensure a more wellrounded education for new entrants to the profession, and attract better students to the field of accounting. The purpose of this paper is to examine whether accounting majors' perceptions regarding this requirement match the anticipated benefits of the 150-hour rule, and whether they match the realities of what has occurred in localities where the rule has been in effect. Data were collected from 247 accounting majors via a questionnaire. The results indicate that, in most respects, students' perceptions align fairly well with the intentions and the realities of the 150-hour requirement. For example, most students indicate an interest in obtaining a Master of Business Administration (MBA) degree for their fifth year of education. This would be a more balanced education envisioned by the framers of the requirement. Most students feel that they should receive additional compensation for the added education. In contrast to the reality in most locations, they do not expect accounting firms to increase compensation for those with 150 hours of education. Although students generally were not in favor of the 150-hour rule, a majority indicated they would continue to pursue becoming a CPA despite the 150-hour requirement. Still, a substantial number of students indicated they would pursue the Certified Management Accountant (CMA) designation rather than pursuing the CPA.

scholarly journals The Impact of the Amendment of Taiwan’s Certified Public Accountant Act in 2007 on Large Accounting Firms

2021 ◽  
Vol 13 (3) ◽  
pp. 1229
Author(s):  
Chung-Cheng Yang ◽  
Jianxiong Chen ◽  
Wen-Chi Yang
Keyword(s):  
Policy Implications ◽  
Certified Public Accountant ◽  
Accounting Firms ◽  
Survey Report ◽  
Audit Firms ◽  
Before And After ◽  
Theory Of Law ◽  
Revenue Function ◽  
The Impact ◽  
Public Accountant

Taiwan’s Financial Supervisory Commission of the Executive Yuan promulgated the fully amended Certified Public Accountant Act in 2007, which directly led to significant changes in accounting law. From the perspective of the economic theory of law, this study investigates the amendment of the Certified Public Accountant Act resulting in an increase or decrease in the overall revenue and different revenue shares of accounting firms, and puts forward measures that should be taken by accounting firms and stakeholders. We focus on large accounting firms and divide the sample period into before and after 2008. This study uses the translog revenue function and revenue share functions of the public accounting industry, and based on the 1989–2017 Survey Report of Audit Firms in Taiwan, and we find that the amendment of the Certified Public Accountant Act has had a positive effect on overall revenue, increasing overall revenue and the overall management advisory services shares, and in reducing the overall accounting and auditing shares and tax services shares of large accounting firms. Additional analyses provide regulators with public policy implications and provide accounting firms with managerial information.

Habilidades profesionales y certificaciones internacionales del área contable

2021 ◽  
pp. 1-21
Author(s):  
osmária Lima Ribeiro de Oliveira ◽  
Victor de Melo Avila ◽  
Luciano Couto Luiz
Keyword(s):  
Certified Public Accountant ◽  
Management Accountant ◽  
Desarrollo Profesional ◽  
Competencias Profesionales ◽  
Sobre Todo ◽  
Public Accountant

El ejercicio de la profesión contable es reconocido históricamente por su control de acceso y ejercicio, con el fin de certificar la calificación del candidato en el área. A nivel internacional, respondiendo a las necesidades de las empresas auditoras, se formaron asociaciones con el objetivo de acreditar a los candidatos que se proponen ejercer la función. Hoy en día, la armonización contable, el mayor acceso a la información y el posible tránsito de profesionales entre países, han llevado a los jóvenes a someterse a certificaciones internacionales en busca de oportunidades de carrera internacional o incluso para su desarrollo profesional en Brasil. El artículo tiene como objetivo analizar los exámenes recientes de las entidades certificadoras internacionales —Certified Public Accountant (CPA), Certified Management Accountant (CMA) yAssociation of Chartered Certified Accountants (ACCA)— desde la perspectiva de las competencias profesionales en relación con la lista de competencias de Le Boterf, integrada a la estrutura de la taxonomía de Bloom. La adopción de estándares internacionales, sobre todo dictados por lasNormas Internacionales de Información Financiera (NIIF), requiere que los estudiantes y profesionales se sometan a exámenes promovidos por entidades certificadoras reconocidas internacionalmente para el pleno ejercicio de sus atribuciones con miras a una carrera exitosa. Así, a través de la investigación documental realizada en las pruebas anteriores —CMA 2017, CPA 2019 y ACCA 2020— en base a los modelos antes mencionados, se rastreó el nivel de demanda y competencias relacionadas que pueden servir de guía para futuros candidatos. Los resultados revelan que las competencias más demandadas son aquellas que abordan perspectivas intelectuales y técnicas. A partir del material analizado, el 75% de las preguntas están estructuradas para respuestas únicas y el 25% para respuestas de ensayo. Se observó que el 64% de las preguntas se ubican en niveles intermedios de la taxonomía de Bloom: aplicar y analizar. En comparación con los exámenes brasileños, los exámenes internacionales tienen un mayor nivel de complejidad y requieren una preparación a niveles adecuados.

scholarly journals The Voluntary of Public Accountant Firms Switching with Modified Auditor’s Opinion as Mediation Variables

2020 ◽  
Vol 55 (6) ◽  
Author(s):  
Retna Safriliana ◽  
Bambang Subroto ◽  
Imam Subekti ◽  
Aulia Fuad Rahman
Keyword(s):  
Financial Distress ◽  
Total Sample ◽  
The Philippines ◽  
Stepwise Logistic Regression ◽  
Certified Public Accountant ◽  
Manufacturing Companies ◽  
Accounting Firms ◽  
Audit Firms ◽  
Analysis Technique ◽  
Public Accountant

This article describes the factors that influence the voluntary switching of public accounting firms, with modified auditor opinion as a mediating variable, in nine Southeast Asia and East Asian countries on the basis of explanatory research. The data for the period of 2014 to 2018 are obtained from the Osiris database, which provided a total sample of 27.740 manufacturing companies in Indonesia, Malaysia, Singapore, Thailand, the Philippines, Japan, China, Hong Kong, and Taiwan. The data analysis technique used is stepwise logistic regression, and the modified Zmijewski model using discriminant analysis is applied to measure the financial distress variable. The results of the study indicate that companies experiencing financial distress, have large assets, and are audited by non-big four audit firms tend to make public accountant firm switching before the specified time. In companies that experience financial distress and tend to decide on voluntary public accountant firm switching, there is partial mediation of the auditor’s opinion apart from an unqualified opinion. This means that companies experiencing financial distress tend to get an auditor’s opinion apart from an unqualified opinion such that the company switches its public accountant firm before the mandated five years. Companies from the Philippines, Japan, and China are the most orderly in obeying the rules for voluntary public accountant firm switching, whereas those from Indonesia and China are the least orderly. This study is usefull for policy on auditor switching implemented by the ASEAN Certified Public Accountant and East Asia to maintain the independency of public accountant firms and auditors in Asia.

CPAs' Perceptions of the Emerging Multidisciplinary Accounting/Legal Practice

2001 ◽  
Vol 15 (1) ◽  
pp. 35-48 ◽  
Author(s):  
Kimberly E. Frank ◽  
Randall K. Hanson ◽  
D. Jordan Lowe ◽  
James K. Smith
Keyword(s):  
Legal Services ◽  
Certified Public Accountant ◽  
Public Accounting ◽  
Legal Ethics ◽  
Accounting Firms ◽  
Accounting Firm ◽  
The Public ◽  
Multidisciplinary Practice ◽  
Public Accounting Firms ◽  
Public Accountant

This paper reports the results of a survey of 219 American Institute of Certified Public Accountant members about legal services their public accounting firms currently offer and plan to offer in the future, and how they would organize their firm to deliver these services to clients. The survey is motivated by the legal profession's current investigation of whether to allow nonattorneys to share fees and become partners with nonattorneys and by the American Bar Association's call for evidence on the current existence of multidisciplinary practice (MDP). Forty-four states established MDP committees to recommend whether legal ethics rules should be relaxed to allow MDP. Relaxed ethics rules allow public accounting firms to employ attorneys to offer a full array of legal services to their clients. We find that public accounting firms already offer a number of legal services to their clients and are interested in increasing the offering of these services if allowed. The results also indicate that the size of the public accounting firm is likely to influence the types of legal services offered and the arrangements used to deliver the legal services to clients. The findings are important because they highlight the need for the legal and accounting professions to formulate rules regarding MDP.

scholarly journals Factors Affecting the Success in Certified Public Accountant Exam in Kuwait

2020 ◽  
Vol 17 (1) ◽  
pp. 98
Author(s):  
Nabi Al-Duwaila ◽  
Abdullah AL-Mutairi
Keyword(s):  
Structure Questionnaire ◽  
Certified Public Accountant ◽  
Factors Affecting ◽  
Main Variable ◽  
Cpa Exam ◽  
Study Population ◽  
Public Accountant

The aim of the article is to assess the variables that are influenced performance on the Certified Public Accountant (CPA) exam in Kuwait. To achieve the aim of the study, structure questionnaire was improved and delivered to a sample of (150) of the study population of candidates recently licensed CPAs to find out their interpretations of the causes that influence their performance on the CPA exam, the amount of questionnaires returned and ready for analysis was (120),with a reply rate of 80%. The study showed that the success of the CPA exam in Kuwait is generally dependent on factors related to the exam itself and the candidate who is taking the exam. It reported that the most important challenges linked to the CPA exam are unlimited scope of the CPA exam followed by the exam's questions do not cover all subjects and the exam does not measure the examinee's capabilities. Moreover, the analysis showed that insufficient preparation of the exam is the main variable affecting the performance of CPA exam followed by accepting the idea of repeating the exam. Finally, the study recommends that academicians in accounting should train the students for the exam. They should pay attention to curriculum to assure that learners are provided the good training for the examination.

scholarly journals Additional Certifications For CPA's: A Quality Control Issue

2011 ◽  
Vol 3 (1) ◽  
Author(s):  
Kristofer C. Neslund ◽  
Arthur F. Hintz ◽  
Michael W. Fedoryshyn
Keyword(s):  
Quality Control ◽  
Financial Planning ◽  
Certified Public Accountant ◽  
Public Accounting ◽  
Accounting Firms ◽  
Public Accounting Firms ◽  
Public Accountant

Over the last twenty years public accounting firms have started to provide additional services other than attest services and tax preparation, such as business valuations and financial planning, which can be very profitable for the firms. However, the Certified Public Accountant (CPA) designation that has been used in many cases to market these services provides no assurance that the accountant is adequately trained in these new fields since CPA certification requires neither knowledge nor experience in these areas. This paper reviews the services being provided by accountants and the additional professional certifications available to help accountants deliver quality services consistent with the publics expectations of CPAs. In addition, firms that may be thinking of expanding into new niche areas can make sure that they hire professionals or train existing staff with the appropriate credentials.

scholarly journals Additional Certifications For CPA's: A Quality Control Issue

2011 ◽  
Vol 2 (12) ◽  
Author(s):  
Kristofer C. Neslund ◽  
Arthur F. Hintz ◽  
Michael W. Fedoryshyn
Keyword(s):  
Quality Control ◽  
Financial Planning ◽  
Certified Public Accountant ◽  
Public Accounting ◽  
Accounting Firms ◽  
Public Accounting Firms ◽  
Public Accountant

Over the last twenty years public accounting firms have started to provide additional services other than attest services and tax preparation, such as business valuations and financial planning, which can be very profitable for the firms. However, the Certified Public Accountant (CPA) designation that has been used in many cases to market these services provides no assurance that the accountant is adequately trained in these new fields since CPA certification requires neither knowledge nor experience in these areas. This paper reviews the services being provided by accountants and the additional professional certifications available to help accountants deliver quality services consistent with the publics expectations of CPAs. In addition, firms that may be thinking of expanding into new niche areas can make sure that they hire professionals or train existing staff with the appropriate credentials.

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