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CPA Crisis: NASBA CEO Ken Bishop On The 150-Hour Rule & Accounting Talent Crisis

The Accounting Podcast

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The Problem With the 150 Hour Rule

17% of US auditors and accountants quit the profession in the last few years. Fewer people are taking the CPA exam every year. Why keep this 150 hour rule when there's no evidence that it increases CPA quality? I've never seen any evidence that anyone's better off because of the fifth year rule.

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