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Turns Out You Don’t Have to Go to a “Real” College to Do Well on the CPA Exam

The great thing about accounting is that unlike law, you don’t have to go to a top school to have a successful career. While it helps to be in front of Big 4 recruiters at the major accounting schools if that’s the route you want to take, here’s a little proof that you can easily get through the CPA exam even if your educational background is comprised solely of community college. At least in Texas.

The Texas State Board of Accountancy recently released its list of top CPA exam pass rates among Texas colleges and universities and it turns out a community college is among the University of Texas and Texas A&M.

The University of Texas at Austin had a 75 percent pass rate (it is unclear if that is a first-time pass rate or what) while the Austin Community College came in 10th with 53 percent. Other schools on the list were Texas A&M, Baylor University and Texas Tech.

ACC was the only community college to make the list. Their CPA program currently has about 400 students.

ACC Dean of Business Studies David Quinn told KUT News that ACC has made the list every year except one since the school became accredited in 2002.

“I’m very proud of our faculty and our students in our professional accounting program,” he said. “They’ve proven time and time again that they can do as good of a job as the best universities in the State of Texas.”

If you’re interested, you can dig through the results from the TX Board here.

Despite Being a ‘Wreck of a Man,’ Allen Stanford Managed to Fire Another Attorney

Things are not going so well for the Stan as he awaits trial in H-town.

For starters, he managed to fire another lawyer, which is not going to go over well with Judge David Hittner. Judge Hittner warned Stan about his Steinbrenner-ish ways last month, “You’ve had 10 attorneys attempt to enter this case on your behalf. I will not entertain any further substitutions.”

And secondly, Al doesn’t seem to be very good at making friends:

When Mr. Stanford surrendered to authorities, he was a healthy 59-year-old man,” Stanford’s Houston-based lawyer, Robert Bennett, wrote in a brief on which Harvard Law Professor Alan Dershowitz consulted.

“Mr. Stanford’s pretrial incarceration has reduced him to a wreck of a man: he has suffered potentially life-impairing illnesses; he has been so savagely beaten that he has lost all feeling in the right side of his face and has lost near-field vision in his right eye,” Bennett said.

Naturally, AS’s lawyers want him out and placed on house arrest ASAP since his trial doesn’t start until January but so far no one is convinced that Al won’t bolt the second he gets outside the prison walls.

“Savagely beaten” Stanford asks to be freed [Reuters]