Recent developments in accounting education and the future of the AICPA 150‐hour requirement

Abstract

The globalization of businesses, the increasing complexities of business transactions, and advances in information technology that are facilitating electronic commerce and communication are challenging the relevance and usefulness of traditional accounting education. This paper deals with recent changes in accounting education needed to prepare accounting students to face the challenges of the 21st Century. In addition, this paper investigates the future of the AICPA 150‐hour requirement, with emphasis on California.