The associations among accounting program attributes, 150-hour status, and CPA exam pass rates

Document Type

Article

Publication Date

11-14-2006

Abstract

This study contributes to the extant literature by providing a better understanding of the associations among attributes of schools providing accounting education, 150-hour status, and CPA exam pass rates. We model program-level pass rates as a function of the state's 150-hour status and several program-specific attributes, including: the level of AACSB accreditation, student selectivity, the percentage of candidates with advanced degrees, and faculty research productivity. We examine the average pass rates of 520 accounting programs that provided 43,711 first-time candidates for CPA exams given in 1998 and 1999. Similar to most prior studies we find that candidates from more selective schools, candidates with advanced degrees, and candidates who attended schools located in jurisdictions with the 150-hour requirement fully in place have higher average pass rates. However, we also find a significant decline in average pass rates during the 150-hour transition period, and in contrast to the strong positive effects of accreditation reported by [Grant, C. T., Ciccotello, C. S., & Dickie, M. (2001). Barriers to professional entry: how effective is the 150-hour rule? Journal of Accounting and Public Policy, 21, 71-93], we find only weak evidence of an association between program-level pass rates and college-level or separate AACSB accounting program accreditation. © 2006 Elsevier Ltd. All rights reserved.

Publication Source (Journal or Book title)

Journal of Accounting Education

First Page

202

Last Page

215

This document is currently not available here.

Share

COinS