The AICPA’s proposal to require applicants to complete 150 semester hours of
education followed the Institute’s position delineated in numerous reports beginning
with Horizons for a Profession in 1967 (Roy & MacNeill, 1967). While the AICPA’s
proposal did not call for a graduate degree per se, the Institute in virtually every
committee report from 1959 through 1988 called for post baccalaureate or graduate
study.1 For example, the Albers Report issued in May 1978 said