To practice as a CPA, one must have a valid certificate issued by the board of accountancy in one of the country’s 55 jurisdictions, which consists of the 50 states, the District of Columbia, Puerto Rico, Guam, U.S. Virgin Islands and Commonwealth of the Northern Mariana Islands. Each jurisdiction has individual requirements for licensure in terms of experience and education, but the one common denominator is the Uniform CPA Examination, which the AICPA creates and grades. In addition to testing knowledge of accounting and auditing, regulation and business concepts via multiple-choice questions, the CPA Exam includes simulations and written communications.
The AICPA has recently taken steps to make preparing for the Uniform CPA Exam easier for international students and candidates on the go with two exciting new developments.
Recently, the AICPA announced it had expanded its website, ThisWaytoCPA.com to students overseas who may now register and create profiles.
The website, designed to educate college students and CPA-exam candidates about the path to becoming a CPA, now contains information to help international students understand the process of registering for the CPA exam and becoming a U.S. CPA while living overseas.
Continue reading "In the News: Preparing for the CPA Exam is Now Easier" »
The U.S. CPA Exam score release timelines have been such a hot topic amongst candidates that we have decided to post regular updates. Updated score release timelines will be announced every quarter on AICPA Insights and will also be posted on the CPA Exam website. Below is the score release timeline for candidates to easily find their score release dates.
Continue reading "New CPA Exam Score Release Timetable for Q3/Q4 2012" »
Passing the U.S. Uniform CPA Examination is one of three crucial requirements to obtaining licensure for one of the most respected professions in the world, the other two being education and experience.
A great deal goes into ensuring the CPA Exam is of the highest quality. A team of more than 75 dedicated volunteers, sitting at the top of the CPA profession and representing areas such as small and large firms, education, government and non-profit, work in collaboration with the AICPA’s professional staff. These volunteers serve as members of the Board of Examiners, the oversight volunteer board for the CPA Exam, and its seven sub-committees, covering such topics as content, scoring and state board of accountancy communications.
The AICPA Communications and Media Channels team had an opportunity to speak with two AICPA volunteers on how their experience has benefited the CPA profession and their careers:
- Wendy Perez, CPA, current chair of the Board of Examiners, retired Ernst & Young partner and past president of the California Board of Accountancy; and
- Mari DeVries, CPA, chair of the CPA Exam’s Content Committee and member of the Board of Examiners, managing shareholder of DeVries CPAs of Arizona, P.C. and past president of the Arizona State Board of Accountancy.
Continue reading "Behind the Scenes with Volunteers on Making the CPA Exam" »
During tax season, preparing for the CPA Exam can be even more challenging than usual. Here are a few resources for that will help CPA candidates with the preparation process.
- Uniform CPA Exam Candidate Bulletin: Aside from being a great general resource for any CPA candidate, the Candidate Bulletin is especially useful when you’re getting close to your testing date. A few days before taking the CPA Exam, be sure to review the section - Step 4: Take Your Examination – for information on the test center check-in process, ID requirements and time allocation. All it takes is a quick review to help you focus on actually taking the CPA Exam.
Continue reading "5 Essential CPA Exam Study Resources" »
In late 2011, we announced that U.S. CPA Exam scores would begin to be reported earlier and published the U.S. CPA Exam score reporting timeline for Q4’2011. Early score reporting is possible due to the implementation of a major U.S. CPA Exam update known as CBT-e, launched in January 2011. Today we’re excited to announce the Q1 and Q2 2012 U.S. CPA Exam score reporting timeline.
Continue reading "2012 CPA Exam Score Release Timetable Q1/Q2" »
AICPA Insights was buzzing in late September with excitement over the announcement of an improved score reporting timeline that would release CPA Exam scores with greater frequency and predictability. As the first testing window under the new score release draws to a close, we are pleased to see that the score release timeline has been well received and is moving along as planned.
We have been actively listening to inquiries from CPA candidates, and here are answers to the common questions we have received regarding the 2011 faster score reporting timeline:
Continue reading "Your Questions: CPA Exam Score Release Timeline" »
Dear Smarty Pants, Braggarts and Potty-Mouths… A word to the wise: you never know who is listening.
I am often taken aback by the things I see people posting on social media. I understand the need to vent or an attempt to be funny, but what you put out there in the public domain could be costing you your career. In a recent survey, 95% of employers said they use social media to screen potential employees. Yes, 95%! Yikes. From inappropriate photos and comments about previous employers to proof an applicant was less than truthful about qualifications… employers are getting an eye full!
Continue reading "Social Media and Job Seekers" »
So, how well do you know the Financial Accounting Standards Board Accounting Standards Codification? Can you recite it from beginning to end without missing a beat? Is committing the standards to memory even a reasonable or practical expectation? A similar question posed one of the primary challenges that led to the development of research questions on the U.S. CPA Exam.
In a periodic assessment of accounting practice known as the Practice Analysis (1999), the AICPA CPA Exam team found that accounting references were becoming increasingly lengthy and complex, and were also available in an electronic format. Essentially, in the real world, CPAs were only memorizing sections of the standards that they used on a daily basis and used an electronic search to find any additional information they required. At the time of the 1999 Practice Analysis, the CPA Exam was still in pencil and paper format, so testing the application of accounting references that reflected real-world accounting practice posed an obvious challenge for CPA Exam developers.
Continue reading "Where do CPA Exam Research Questions Come From?" »
The Knoxville Daily Sun reported that the United States and Hong Kong have signed a five-year mutual recognition agreement establishing reciprocity between CPAs in the U.S. and Hong Kong. The agreement was signed at NASBA's 104th Annual Meeting in Nashville. "This new agreement will allow qualified accountants in the U.S. and Hong Kong to work across borders," said Barry Melancon, CPA, AICPA president and CEO. "Globalization is rapidly changing the way business is done across the globe and CPAs will continue to play a vital role in the financial systems in the U.S. and abroad." Mutual Recognition Agreements facilitate the process for qualified professionals with accounting credentials to become certified and licensed in each other's countries. The agreements are subject to individual state board of accountancy acceptance.
Continue reading "In the News: US and HK sign MRA, Other CPA News" »
Starting in the fourth quarter of 2011 the U.S. CPA Exam will begin releasing scores earlier and more predictably. Initially this may not seem very interesting; however, the change will mark a major shift in the U.S. CPA Exam experience and the strategies that prospective CPAs employ as they work toward passing the exam.
With the transition from a pencil and paper exam to the computerized format in 2004, came a shift in the strategies and expectation of CPA candidates. In particular, the ability to take one exam section at a time and nearly year-round scheduling opportunities has dramatically changed the way CPA candidates prepare and plan for the exam. After the transition to computer based testing, one of the most common requests received from CPA candidates is for faster score releases so they can start planning the next steps in their test taking process.
Continue reading "New Score Release Timeline for the CPA Exam" »
The Times Daily in Alabama spoke with Mackey McNeill, CPA/PFS, and member of AICPA’s Financial Literacy Commission, about preparing college students to handle the responsibility of managing their own money. Without an understanding of the impact of their decisions, young adults can easily fall victim to overwhelming credit card debt and get behind on their student loan payments. McNeill says that one of the best ways to avoid that outcome is to begin teaching children about money long before they leave for college. “Our patterns about money are set before college, so if your kids are savers or spenders, you'll know before then; however, that doesn't mean you can't become better aware of the behavior and make difference choices,” she said.
Continue reading "In the News: Financial Literacy, Mobility, CPA Exam" »