Date of Submission
Campus Only Senior Thesis
Bachelor of Arts
Professor Joshua Rosett
© 2021 Melanie J Moore
The purpose of this paper is to investigate the 150-hour requirement’s effects on the number of candidates sitting for the CPA exam, candidate pass rates, impact on CPA licensees, and market concentration. This paper runs OLS regressions on candidate and market effects, controlling for state GDP, population, and state CPA sitting requirements. The main findings of this paper suggest that the 150-hour requirement causes a significant decrease in the number of candidates taking the CPA exam. In the years following the 150-hour requirement effective years, pass all section rates increase, and there is a decrease in the pass rates of candidates passing zero sections. Additionally, there is a slight positive effect on CPA licensees but no impact on market distribution. This paper shows some of the long-term implications of the 150-hour requirement on candidate desire to take the CPA exam, candidate performance, and market outcomes.
Moore, Melanie, "Explaining the Effects of the 150-hour Requirement on the Number of CPA Candidates, Pass Rates, CPA Licensees, and Market Concentration" (2021). CMC Senior Theses. 2704.
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.