Florida Institute of CPAs Launches Pilot Program to Help Accountants Become Licensed

The Florida Institute of CPAs launches a Bridge to CPA pilot program to help accountants complete remaining credit hours for licensure. The program, starting in 2024, covers tuition costs and provides hands-on experience at participating accounting firms.

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Nitish Verma
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Florida Institute of CPAs Launches Pilot Program to Help Accountants Become Licensed

Florida Institute of CPAs Launches Pilot Program to Help Accountants Become Licensed

The Florida Institute of CPAs (FICPA) has launched a new Bridge to CPA pilot program in collaboration with Nova Southeastern University and three South Florida accounting firms. The program aims to help accountants complete the remaining 30 credit hours required to become licensed as Certified Public Accountants (CPAs) in the state of Florida.

Why this matters: This initiative addresses a critical need in the accounting profession, where candidates often struggle to meet the credit hour requirements while gaining practical experience. By supporting aspiring CPAs, the program can help strengthen the pipeline of qualified accounting professionals, ultimately benefiting businesses and individuals who rely on their expertise.

Set to begin in the fall of 2024, the Bridge to CPA program will cover tuition costs for participants as they work to fulfill the 150 total credit hours mandated for CPA licensure. In addition to the educational component, the program provides students with valuable hands-on experience working in public accounting at the participating firms.

The FICPA's initiative comes at a time when the accounting profession is seeking ways to increase awareness and provide opportunities for aspiring CPAs. By collaborating with educational institutions and employers, the Bridge to CPA program addresses the challenges many candidates face in meeting the credit hour requirements alongside gaining practical experience.

The importance of early engagement and preparation for the CPA exam cannot be overstated. As the CPA exam evolves to keep pace with the changing business landscape, exam prep providers are moving away from one-size-fits-all learning approaches. Personalized study plans and adaptive learning technologies are becoming increasingly common inCPA exam prep.

Obtaining the CPA license opens doors to higher earning potential and career advancement. According to recent data, the average salary for new CPAs exceeds $66,000 per year. The Certified Internal Auditor (CIA) designation is another valuable credential for accounting professionals, particularly those in the internal audit field.

As the Bridge to CPA program prepares to welcome its inaugural cohort, the FICPA remains committed to raising awareness of the accounting profession, increasing access to resources and networking opportunities, and promoting diversity, equity, and inclusion within the field. By supporting aspiring CPAs on their path to licensure, the FICPA aims to strengthen thepipeline of qualifiedaccounting professionals in Florida.