150-HOUR RULE NOT TO BLAME FOR DECREASE.

• Position: Fewer accounting majors - Brief Article

A new report, "Accounting Education: Charting the Course through a Perilous Future," reveals a possible reason for the recent 23 percent decrease in the number of accounting majors: beginning salaries and misinformation.

According to the report by the American Accounting Association, AICPA, Institute of Management Accountants, and Big Five, the decrease is related to a number of factors unrelated to the 150-hour program.

The report notes that many college students choose their major based on starting salaries, adding that today's salaries for CPAs lag behind salaries in other...