The AICPA Core Competency Framework: The Perceived Importance and Perceived Preparedness of Entry Level Accountants (ELAs)

ABSTRACT From the perspective of entry-level accountants (ELAs), experienced professionals, and accounting educators, this study of ELAs examines the perceived importance and perceived level of possession of competencies with the AICPA Pre-certification Core Competency Framework. We surveyed 67 ELAs, 72 experienced professionals, and 207 educators. Results show that participants perceive the competencies as important and relevant to the skills required of ELAs in the workplace. Overwhelmingly, internships/co-ops were selected as the best form of entry-level preparation for students. Our findings suggest value and relevance in leveraging the AICPA Core Competencies within an accounting curriculum. The majority of faculty indicated that they have implemented at least some of the framework into the curriculum. Accounting educators should note these results as they demonstrate the benefits of incorporating these competencies into accounting education and improving the preparedness of accounting graduates for greater success as entry-level accountants in the profession. Data Availability: Data will be made available on request.