What were the old sections of the CPA Exam?
It consisted of four subject areas (sections) which were tested in five sittings: Auditing (3.5 hours); Business Law (3.5 hours); Accounting Theory (3.5 hours); and Accounting Practice (Part I & Part II; 4.5 hours each).
When did the CPA Exam become computerized?
April 5, 2004
Computerization of the CPA Exam has led to momentous benefits for candidates, the boards of accountancy and the CPA profession. Here are some interesting facts in celebration of the 10th anniversary of the first computerized CPA Exam delivery on April 5, 2004.
Do CPA exams ever expire?
Will my exam credits expire? A: No. Once you have passed all four sections of the Uniform CPA exam, your exam credits do not expire. However, the ethics examination expires within 24 months of passing, so it is recommended that you take that examination close to the time you are ready to apply for licensure.
How hard is the audit CPA Exam?
The AUD section of the CPA Exam isn’t easy, and one factor contributing to CPA Exam difficulty is the fact that the exam assesses candidates at four different levels of skill. The pass rate for AUD hovers around 50%, so it’s important to make sure you have a firm grasp of the subject matter.
Is CPA harder than CFA?
Even though the material is a little easier for the CPA exam, the CFA exam is probably four of five times more difficult. For example, I studied about 200-250 hours for my whole CPA exam, not including 30 hours of college work. I probably studied 200-250 hours for Level 1 of CFA.
What types of questions are on the CPA exam?
Types Of Questions On CPA Exam Multiple Choice Questions For each section of the CPA exam you will be given 2 testlets of multiple choice questions. Task-Based Simulations All four sections of the CPA exam now have TBS or task-based simulations. Written Communications On BEC you will be given written communication questions which are designed to prove you are able to write professional emails and discuss subject matters related to
What does the Audit section of the CPA exam involve?
The AUD (Attestation and Auditing) section of the CPA exam focuses on the examination of an entity’s financial statements, compliance, and processes . This section evaluates the candidates’ understanding of proper auditing procedures, gathering evidence, fundamental principles, and internal controls.
How long should I prepare for my CPA exam?
Here are the recommended number of hours you should set aside for your CPA exam study plan to prepare for each section: FAR: 120 hours REG: 110 hours AUD: 100 hours BEC: 90 hours
What to expect from the CPA exam?
All four sections of the CPA exam include multiple-choice questions, while the AUD, FAR, and REG sections also have task-based simulation questions. The multiple-choice questions in the exam are administered in three testlets. Each testlet includes operational and pretest questions.