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Schools’ CPA review course affiliations and success on the uniform CPA examination

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  • Shin, Haeyoung
  • Lacina, Michael
  • Lee, B. Brian
  • Pan, Shanshan

Abstract

This study examines the effects of university affiliated CPA review courses on CPA exam passing rates, using results from the computer-based exam. We undertake a regression analysis and find that, compared to not offering an affiliated CPA exam review, accounting programs that offer a non-credit CPA review course have higher CPA exam passing rates. Relative to offering no review, providing a for-credit CPA review course is not associated with higher passing rates whereas offering it through a continuing education center has a marginal relationship with higher CPA exam passing rates. A key novelty of this study is that we examine the different types of CPA review affiliation and CPA exam performance. Further tests show that our results are robust to self-selection. The evidence can be helpful in determining whether, and in what form, accounting programs should affiliate with a CPA review course. Our evidence indicates that CPA exam preparation may be best accomplished with a complementary approach – regular coursework supplemented by coverage of a CPA exam review.

Suggested Citation

  • Shin, Haeyoung & Lacina, Michael & Lee, B. Brian & Pan, Shanshan, 2020. "Schools’ CPA review course affiliations and success on the uniform CPA examination," Journal of Accounting Education, Elsevier, vol. 50(C).
    • Handle: RePEc:eee:joaced:v:50:y:2020:i:c:s0748575118300551
    DOI: 10.1016/j.jaccedu.2019.100642
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    References listed on IDEAS

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    1. Fogarty, Timothy J. & Black, William H., 2014. "Further tales of the schism: US accounting faculty and practice credentials," Journal of Accounting Education, Elsevier, vol. 32(3), pages 223-237.
    2. Cameron, A. Colin & Gelbach, Jonah B. & Miller, Douglas L., 2011. "Robust Inference With Multiway Clustering," Journal of Business & Economic Statistics, American Statistical Association, vol. 29(2), pages 238-249.
    3. Nagle, Brian M. & Menk, K. Bryan & Rau, Stephen E., 2018. "Which accounting program characteristics contribute to CPA exam success? A study of institutional factors and graduate education," Journal of Accounting Education, Elsevier, vol. 45(C), pages 20-31.
    4. Mitchell A. Petersen, 2009. "Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches," The Review of Financial Studies, Society for Financial Studies, vol. 22(1), pages 435-480, January.
    5. Gary P. Briggs & Lerong He, 2012. "The 150 Credit-hour Requirement and CPA Examination Pass Rates—A Four Year Study," Accounting Education, Taylor & Francis Journals, vol. 21(1), pages 97-108, August.
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    Cited by:

    1. Cordis, Adriana S. & Muzatko, Steven, 2021. "Higher education spending and CPA exam performance," Journal of Accounting Education, Elsevier, vol. 55(C).
    2. Apostolou, Barbara & Dorminey, Jack W. & Hassell, John M., 2021. "Accounting education literature review (2020)," Journal of Accounting Education, Elsevier, vol. 55(C).

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