(Including business cycles Business Cycles The business cycle refers to the alternating phases of economic growth and decline. Content AreaĮnterprise Risk Management, Internal Controls, and Business Processes (Including provisions of the Sarbanes Oxley Act, 2002 financial reporting and risk identification in business processes)
The following table lists these areas along with the percentage of the content tested from each one of them. The BEC section includes five content areas. This is due to the extra analysis required in evaluating WCTs. Read more result can be delayed by a week or so beyond the target release date. It assesses your ability to recognize and scrutinize situations related to Financial reporting, Financial statement audit and attestation and Tax preparation Please note that the BEC exam BEC Exam The BEC CPA Exam (Business Environment and Concepts) exam section evaluates your understanding of the general business environment and your duties and responsibilities as a CPA towards it.
This is the only section with an extra segment of written communication tasks. Also, it ensures you possess effective communication skills to discharge your duty as a CPA. This section assesses your understanding of the general business environment and your duties and responsibilities towards it. These reports are used by the stakeholders (investors, creditors/ bankers, public, regulatory agencies, and government) to make investing and other relevant decisions.
Content AreaĮthics, Professional Responsibilities, and General Principles (Including independence, professional conduct, professional skepticism, and professional judgement)Īssessing Risk and Developing a Planned Response (Including planning, risk assessment, and understanding of business processes and internal controls) The AUD section includes four content areas. This will help you prepare and schedule your CPA Exam better and maximize your odds of success. This article briefly discusses each of the four sections’ content, format, and structure. You can take the exam in any order that suits your preference. AICPA also offers various sample tests to help you prepare for each exam section. After that, your state board or its designated agent will evaluate your application and contact you. Within 18 months of passing the first sectionĮach time you apply to take one or more CPA Exam sections, submit the required documents and fees to your state board. Throughout the year (continuous testing model) Number of testlets (in each exam section) (requirements may vary as per the state board) Exam particularsġ20-150 credit hours or bachelor’s degreeĪccounting or business-related courseworkĮducation from an accredited and recognized institution The following table outlines the details related to the CPA exams.
The CPA exam CPA Exam A Certified Public Accountant (CPA) is a US state board-issued license to practice the accounting profession read more is conducted by the American Institute for Certified Public Accountants (AICPA) in coordination with the National Association of State Boards of Accountancy (NASBA). Passing the Uniform CPA exam is one of the requirements to attain CPA licensure. The Uniform Certified Public Accountant (CPA) Exam comprises four sections, namely, Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG). The unique content, structure, format, and scoring of the CPA exam earn it the title of one of the most challenging professional exams.