What happens to the people in PA who can’t figure out how to pass the CPA exam? Do they get booted out after a certain amount of time?

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No, no one is going to boot you because you don’t have your CPA. The long work hours and unrealistic expectations set by the workaholic upper managers will be the reason you boot yourself from the firm.

likefunny

KPMG has definitely counseled non-CPAs out of tax.

funny

They find out that most advisory service lines do not require CPA and transfer! There are plenty of very good options

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You just won’t be able to promote to manager at most firms.

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There are also client facing roles in IFS that don’t require a CPA for manager+ where many people find success.

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We have a number of “super seniors” usually they’re older folks who started in this business later and never got their credential

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From exp., at KPMG the license is needed for the manager promotion. I’ve seen a lot of heavy Seniors miss the promotion or anticipate missing deciding to leave. I passed the exams working FT there but it took me a lot longer than my peers who came in w/ 3 parts past day 1.

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Short version: Yes. One of two things happens: either you leave voluntarily or you are coached out after a grace period (year or so).

No CPA. No room to promote. No job.

uplifting

I know for KPMG Audit you just stay as a senior since you need your CPA to be promoted to manager. Although I heard it could have an effect on your performance review once you become a senior associate.

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Lmao — studying while working will impact your work product, thus your review.

Thoughts on folks that have enrolled agent license?

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I work in an area of ITAX EA is all I need

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You'll just never get promoted. Eventually the raises will become industry small because you'll hit a band ceiling. You'll either stay a super senior or bounce and go to industry. As a super senior you'll be super critical to all the engagements you are on, but still a senior. You might even be taking on the responsibility of a heavy manager or senior manager.

They coach you out after a year or two

funny

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