Several proposals have been made in recent years looking to an increase in the educational requirements imposed on those who seek to take the examination for licensure as certified public accountants, but for a number of reasons no such increases have been provided for. The General Assembly of 1958, desiring that fuller information be made available to it as to whether or not such educational requirements should be increased, adopted House Joint Resolution No. 60, instructing the V. A. L. C. to make such a study.

The Committee held its first meeting on September 10, 1958. At this meeting, Mr. J. A. Leach, Jr., was elected Vice-Chairman of tne Committee. It was determined at this meeting that relevant information on the subject should be gathered and distributed to the members of the Committee. This was done.

When the Committee first faced the problems embodied in House Joint Resolution No. 60 there were these decisions confronting them. First, whether or not any change in the existing law was necessary or desirable. Second, if any change was desirable how should it be instituted. Third, if a change in the requirements is going to be undertaken how far should it go, and over what period of time should it be projected?

The Committee studied the laws relating to the.practice of accountancy in other states. It conferred with the members of the State Board of Accountancy, who indicated a need for an increase in educational requirements for CPA's in Virginia.