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Who should own CPA firms—CPAs themselves or outside investors? In this thought-provoking episode of Accounting ARC, hosts Liz Mason, Byron Patrick, and Donny Shimamoto dig into the history of CPA licensure, explore how private equity is reshaping firm structures, and debate what’s at stake for ethics, education, and public trust. From 1896 licensing laws to today’s alternative business structures, this conversation highlights why firm ownership still matters—and how the future of the CPA designation hangs in the balance. Listen in as the hosts tackle: Why firm ownership rules were created in the first place. The rise of private equity in accounting. The role of ethics and public trust in firm leadership. Apprenticeships and the next generation of CPAs. What’s at risk if CPA ownership loses its meaning. Watch now to join the conversation shaping the future of the profession. #ARC #AccountingARC #CPAFirmOwnership #ethics #futureofaccounting