James Cox, an AICPA vice president, explains why efforts to weaken professional licensure are gaining traction in state legislatures. He discusses the role of the Alliance for Responsible Professional Licensing (ARPL) and the risks that deregulation could pose to CPAs and the public.
The episode also highlights how organizations and professionals can stay informed and engaged as debates about professional licensing evolve.
What you'll learn from this episode:
Why Cox says that "attacks" on CPA licensure have expanded to new fronts in recent years.
How state budget pressures and political trends are fueling deregulation efforts.
How weakening licensing standards could reduce trust in financial reporting and other services.
What polling shows about public and business support for professional licensure.
Cox's recommendations to CPAs to stay vigilant and work with state societies.
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