In the News: Financial Literacy, Mobility, CPA Exam
The Times Daily in Alabama spoke with Mackey McNeill, CPA/PFS, and member of AICPA’s Financial Literacy Commission, about preparing college students to handle the responsibility of managing their own money. Without an understanding of the impact of their decisions, young adults can easily fall victim to overwhelming credit card debt and get behind on their student loan payments. McNeill says that one of the best ways to avoid that outcome is to begin teaching children about money long before they leave for college. “Our patterns about money are set before college, so if your kids are savers or spenders, you'll know before then; however, that doesn't mean you can't become better aware of the behavior and make difference choices,” she said.
Anne Rosivach spoke to Mat Young, AICPA vice president of state regulation and legislation, for an article in AccountingWEB about the new mobility website launched by the AICPA and NABSA with the intention of making the process of understanding mobility as simple and clear as possible. “We performed an enormous amount of due diligence, researching the fifty-five jurisdictions for the four services that require firm licensure under the AICPA/NASBA Uniform Accountancy Act. In all, over 12,000 different responses had to be researched by our joint NASBA/AICPA legal research team in order to formulate all of the potential responses – fifty-five home state jurisdictions times fifty-five target jurisdictions times four different services," said Young.
AICPA, NASBA and Prometric’s announcement that the Uniform CPA Exam successfully launched internationally in Japan, Bahrain, Kuwait, Lebanon and the United Arab Emirates was covered by both Accounting Today and CPA Trendlines. The CPA Trendlines article writes that the exam marks “another milestone on the road to a flatter, more globally competitive profession. It means both more competition at global labor rates as well as opportunities for firms able to take advantage of them. It also represents a long-standing aim of the AICPA to extend the CPA brand globally.”
If you come across a recent article of note about the profession, please let me know in the comments section or send me an email.