CPA Evolution: A Survey of Accounting Faculty Across the U.S.

Abstract

The CPA Evolution initiative, effective January 2024, reorganizes and updates the CPA exam content under a new CPA licensure model. This paper explores how accounting faculty perceive these changes. To investigate, we surveyed accounting faculty members at US universities about their perceptions of, and reactions to, the CPA Evolution model. We received responses from 149 accounting faculty members from universities across the United States. Our analysis indicates that CPA Evolution is perceived as a positive influence on the accounting profession as well as universities and students. Specifically, while the changes are expected to increase the time and effort required for exam preparation, respondents believe the overall impact will be positive for student enrollment, the quality of students, and the number of students pursuing a CPA license. However, the findings also suggest that the increased time and effort required for exam preparation may place a disproportionate burden on minority students. Finally, the survey results indicate that many educators feel unprepared to effectively adapt their course content to align with the changes.