Wisconsin adopts 120 Hour Rule to Sit for CPA Exam

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    Topic
  • #184873
    jeff
    Keymaster

    This is pretty interesting (more interesting than a CPA Exam article involving legislation should be, probably).

    Per the article, losing the CPA Exam altogether in Wisconsin was a possibility at one point:

    “Shortly after enactment of the new law, the WICPA met with legislators and representatives from the Wisconsin Department of Safety and Professional Services (DSPS), the Wisconsin Accounting Examining Board (AEB) and the governor’s office to encourage prompt reinstatement of a CPA Exam education requirement to avoid losing the Uniform CPA Exam in Wisconsin, which both the AICPA and NASBA stated would be a strong possibility in the absence of any statutory CPA Exam education requirement.”

    https://www.wicpa.org/Content/PublicResources/BecomeCPA/CPA-Exam-Law-Change.aspx

Viewing 12 replies - 1 through 12 (of 12 total)
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  • #543476
    tomq04
    Participant

    That's about as exciting as legislation can get.

    REG- (1) 76
    FAR- (2) 64, (5)74, (7)83 (Over achiever!)
    AUD- (3) 70, (4) 75
    BEC- (6) 75

    #543505
    tomq04
    Participant

    That's about as exciting as legislation can get.

    REG- (1) 76
    FAR- (2) 64, (5)74, (7)83 (Over achiever!)
    AUD- (3) 70, (4) 75
    BEC- (6) 75

    #543478
    Not a Quitter
    Participant

    This is interesting. Thanks for posting.

    FAR- 85 I'm DONE!
    BEC- 75
    REG- 60,60,75
    AUD- 74,74,83

    CPAExcel used for BEC, AUD, REG
    Exam Matrix used for FAR plus NINJA Blitz, cpareviewforfree and a little CPAExcel

    #543507
    Not a Quitter
    Participant

    This is interesting. Thanks for posting.

    FAR- 85 I'm DONE!
    BEC- 75
    REG- 60,60,75
    AUD- 74,74,83

    CPAExcel used for BEC, AUD, REG
    Exam Matrix used for FAR plus NINJA Blitz, cpareviewforfree and a little CPAExcel

    #543479
    Tasia
    Member

    I live in Wisconsin! I just graduated last year with 152 credit hours (many UW schools require the 150 as an Accounting major so you will be ready to sit for the CPA exam) and now it's changed to 120 hours. I finished school in 4 years thanks to Spanish retro credits, but this means I could have finished in three…and that my student loans would be 25% lower right now. Oh well, glad I took the classes I did because I definitely learned a lot, and I may not have taken some of those classes without the university's 150 credit requirement. Interesting post, Jeff – thanks!

    BEC - 78 (8/30/13)
    REG - 73 (1/31/14) - 76 (4/7/14)
    ***GETTING MARRIED 7/19/14***
    FAR - after the wedding
    AUD - also after the wedding

    "For I know the plans I have for you,” declares the LORD, “plans to prosper you and not to harm you, plans to give you hope and a future." - Jeremiah 29:11

    #543509
    Tasia
    Member

    I live in Wisconsin! I just graduated last year with 152 credit hours (many UW schools require the 150 as an Accounting major so you will be ready to sit for the CPA exam) and now it's changed to 120 hours. I finished school in 4 years thanks to Spanish retro credits, but this means I could have finished in three…and that my student loans would be 25% lower right now. Oh well, glad I took the classes I did because I definitely learned a lot, and I may not have taken some of those classes without the university's 150 credit requirement. Interesting post, Jeff – thanks!

    BEC - 78 (8/30/13)
    REG - 73 (1/31/14) - 76 (4/7/14)
    ***GETTING MARRIED 7/19/14***
    FAR - after the wedding
    AUD - also after the wedding

    "For I know the plans I have for you,” declares the LORD, “plans to prosper you and not to harm you, plans to give you hope and a future." - Jeremiah 29:11

    #543481
    Guti
    Participant

    You need 120 hrs to sit for the exam but to get the license once you pass all 4 parts, you still need 150 credits.

    FAR-84
    AUD-
    REG-
    BEC-

    #543511
    Guti
    Participant

    You need 120 hrs to sit for the exam but to get the license once you pass all 4 parts, you still need 150 credits.

    FAR-84
    AUD-
    REG-
    BEC-

    #543483
    fuzyfro89
    Participant

    I misread this, I thought they changed licensure to 120 hrs.

    Personally, I think they should change the education requirement for licensing to 120 hours. The only beneficiary of the 150 hr rule are schools who get an extra year of tuition from us. I wonder where this idea for 150 hrs originated…

    #543513
    fuzyfro89
    Participant

    I misread this, I thought they changed licensure to 120 hrs.

    Personally, I think they should change the education requirement for licensing to 120 hours. The only beneficiary of the 150 hr rule are schools who get an extra year of tuition from us. I wonder where this idea for 150 hrs originated…

    #543485
    koz124
    Member

    I was about to get upset as I had to jump through tons of hoops the last couple years to get accounting credits to sit for the exam (I had the 150, but not enough in accounting). However, I don't think this change would've affected me. It is kind of scary to think about Wisconsin not having the uniform exam…

    Studying with Wiley Review, Wiley Test Bank, Ninja Audio.
    Retakes with Ninja MCQ only...awesome!
    Far - 1/28 72, 7/22 79
    Aud - 2/28 70, 8/14 83
    Bec - 4/10 80
    Reg - 5/30 64, 7/2 82

    #543515
    koz124
    Member

    I was about to get upset as I had to jump through tons of hoops the last couple years to get accounting credits to sit for the exam (I had the 150, but not enough in accounting). However, I don't think this change would've affected me. It is kind of scary to think about Wisconsin not having the uniform exam…

    Studying with Wiley Review, Wiley Test Bank, Ninja Audio.
    Retakes with Ninja MCQ only...awesome!
    Far - 1/28 72, 7/22 79
    Aud - 2/28 70, 8/14 83
    Bec - 4/10 80
    Reg - 5/30 64, 7/2 82

Viewing 12 replies - 1 through 12 (of 12 total)
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