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MI in Top 5 for Exam Pass Rate, MICPA Career Fair, CPA Exam Updates and more

by MICPA | Sep 13, 2016   ()

Michigan Ranks in Top 5 for Exam Pass Rate
Michigan ranks among the top five states for the average pass rate for the CPA Exam according to a recent report from National Association of State Boards of Accountancy (NASBA). During 2016 Q2, the pass rate for Michigan exam takers was 57.6 percent, following Utah (67.4 percent), Missouri (64.5 percent), Wisconsin (59.4 percent) and North Carolina (58.7 percent). The NASBA report also shows that 1,145 candidates took the exam in Michigan during the second quarter, with 62 percent being first-time exam takers. Congratulations from MICPA to the 159 people who passed the fourth section!

Don’t Wait Any Longer -- Sign Up for the MICPA Career Fair
Whether you’re an employer looking to hire or an accounting student looking for a job or internship – there’s still time to sign up for the MICPA's Career Fair from 1 – 4 p.m. on September 30 at Laurel Manor in Livonia. READ MORE

New Report Details CPA Profession’s Progress in Enhancing Audit Quality 
Audit quality has been a focus in the United States, and abroad, for several years. A new AICPA report about the CPA profession’s work to enhance the quality of private company audits through its 6-Point Plan to Improve Audits shows the profession has made good progress, but there’s still more work to do, says Susan Coffey, CPA, CGMA, AICPA executive vice president for public practice. READ MORE

How the CPA Exam's Focus Was Updated
Years of research, the science of psychometrics and numerous test drives all played a role in the development of the next CPA exam. An article from the Journal of Accountancy explains the skills that will be emphasized when the next CPA exam makes its debut on April 1, 2017. READ MORE

FASB Issues Proposed Changes to Hedge Accounting Guidance
The Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) that would make targeted improvements to the accounting guidance for hedging activities. Stakeholders are encouraged to review and provide comment on the proposed ASU by November 22, 2016. READ MORE

Getting Up to Speed on the New Lease Accounting Standards
While the deadline for the new lease accounting standards is still a ways off, there is a lot of preparation that needs to take place. CFO.com offers several articles to keep you on track. READ MORE

Best Practices for Remote Access
In today’s “anytime, anyplace” world, many business professionals have the need to access their data and desktops remotely. Thomas Stephens of K2 Enterprises offers six “best practices” to help you discover your optimal solution. READ MORE

How to Handle Problem Clients
Learn how to effectively deal with a problematic or less than desirable client in this article from Randy Werner at CAMICO. READ MORE

Source: MICPA
Source: MICPA

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