Some institutions of higher education are already at work raising money to be applied beyond traditional scholarship assistance. Accounting majors will need to explore various avenues for support. However, keep in mind that the investment will provide long-term benefits because supply and demand realities will mandate that the accounting profession compensates its people for their additional sacrifice. Each case is evaluated on its own merits. The recently adopted model CPA Law contains the 150-hour requirement as its standard for entry level qualifications.
Many states are inclined to accept the CPA certificate from another state upon evaluation.
However, the 150-hour requirement will become the standard in the future. Ohio is currently leading the way for the CPA of the future, as Ohio becomes one of the first states to pass legislation to allow for substantial equivalency and non-CPA ownership of a CPA firm.