MNCPA Introduces Legislation Providing Pathway to Licensure at 120
The debate over the 150 hour rule has been raging for years, and a recent development in Minnesota proposes a significant change. MNCPA is advancing legislation that would enable Minnesota CPAs to become licensed in the current 150 hour process, OR to become licensed at 120 hours of accounting education (essentially a bachelors degree) AND additional work experience or CPE.
You can read more about the proposal and how it’s being received in various sources noted below.
In Accounting Today: https://www.accountingtoday.com/news/minnesota-society-proposes-alternatives-to-150-hours
In Going Concern: https://www.goingconcern.com/the-beef-between-the-aicpa-and-minnesota-over-the-150-hour-rule-heats-up/
From MNCPA: https://www.mncpa.org/involvement/legislative/issues/broadening-paths-to-licensure/
And the AICPA Response: https://www.aicpa.org/news/article/mncpa-legislative-proposal-negatively-impacts-cpa-mobility