DC advances CPA licensure pathways bill

The Council of the District of Columbia unanimously advanced Bill 26-494, which will establish an alternative path to CPA licensure.

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The bill awaits the review of D.C. Mayor Muriel Bowser and then Congress before becoming law. The bill will create a third pathway allowing CPA candidates to apply for CPA licensure with a bachelor’s degree, two years of experience and passage of the CPA exam.

This is part of the nearly complete nationwide movement to address the profession’s talent shortage and make obtaining a CPA license more accessible by overhauling state laws. Only a few U.S. states and territories remain to formalize changes. 

(Read more: “The 150-hour revolution in accounting”)