Post-graduate educational requirements and entry into the CPA profession

摘要: Forty-one states require educational requirements for CPA licensure to include 30 credit hours beyond the baccalaureate degree. This study, using state-level panel data of examination pass rates, examines two hypothesized effects this requirement: one, it improves quality new CPAs, and two, restricts entry into profession reducing supply potential CPAs. Empirical findings reveal that raising minimum increases success rate first-time exam takers, leading improved entrant quality. However, increased rates are associated with significant declines in number takers and, hence, reduced supply.