Take This Quiz & Predict Your Score in the coming CA CS or CMA Exam!
  • How important it is for you to pass the exam in this attempt?
  • What percentage of course you have finished well so far roughly?
  • How many hours you study in a day?
  • How many times you have revised the topics you have finished
  • Have you taken online or pen drive or live class from a renowned faculty?
  • What percentage of the classes you have watched?
  • Have you attempted mock tests or practice tests yet?
  • Are you planning to attempt mock tests conducted by external bodies- ICAI, ICSI, ICMAI or other institute?
  • How many tests you have taken?
  • Did you manage to finish the test papers on time?
  • Are you strictly following study material provided by the exam conducting authority such as ICAI/ICSI/ICMAI/Other Body?
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  • Planning to sleep well nights before the exams?
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CPA Examination Function For 2017 Exam

CPA Examination Function For 2017 Exam

CPA Examination Function  :  The Uniform CPA Examination consists of four sections:

  • Auditing and Attestation (AUD)
  • Business Environment and Concepts (BEC)
  • Financial Accounting and Reporting (FAR)
  • Regulation (REG)

CPA Examination Function For 2017 Exam

CPA Examination Function For 2017 Exam : FAR CPA Exam Duration

Today, FAR is a 4 hour, 240 minute, or 14,400 second monstrosity that you will overcome. During this time, you are responsible for taking on 90 multiple choice questions and 7 task-based simulations with a weight of 60 percent and 40 percent, respectively. You will see topics in the following areas: Conceptual Framework, Standards, Standard Setting, and Presentation of Financial Statements; Financial Statement Accounts: Recognition, Measurement, Valuation, Calculation, Presentation, and Disclosures; Specific Transactions, Events and Disclosures: Recognition, Measurement, Valuation, Calculation, Presentation, and Disclosures; Governmental Accounting and Reporting; and Not-for-Profit (Non-governmental) Accounting and Reporting. Looking for a test day timeline? Well, look no further. Consider using the following timeline:

Testlet 1: 45 minutes

Break: 5 minutes

Testlet 2: 45 minutes

Break: 5 minutes

Testlet 3: 45 minutes

Break: 5 minutes

Task-Based Simulations: 90 minutes

The equates to 1 minute and 30 seconds per multiple choice question and 12 minutes and 51 seconds per task-based simulation. If you find you need more time on the multiple choice questions or prefer having fewer breaks, adjust away.

CPA Examination Function For 2017 Exam

CPA Examination Function  : REG CPA Exam Duration

As of now, REG is a 3 hour, 180 minute, or 10,800 second monster that is comprised of 72 multiple choice questions and 6 task-based simulations. The multiple choice questions make up 60 percent of the weight of the section, whereas the task-based simulations make up the remaining 40 percent of the section. Specifically, REG covers your favorite topics on Ethics, Professional, and Legal Responsibilities; Business Law; Federal Tax Process, Procedures, Accounting, and Planning; Federal Taxation of Property Transactions; Federal Taxation of Individuals; and Federal Taxation of Entities. Who wants a REG test day timeline? Love your enthusiasm! Consider using the following timeline:

Testlet 1: 36 minutes

Break: 3 minutes

Testlet 2: 36 minutes

Break: 3 minutes

Testlet 3: 36 minutes

Break: 3 minutes

Task-Based Simulations: 63 minutes

The equates to 1 minute and 30 seconds per multiple choice question and 10.5 minutes per task-based simulation. If you find you need more time on the multiple choice questions or prefer having fewer breaks, consider changing the timeline to benefit you the most.

CPA Examination Function For 2017 Exam

CPA Examination Function  :  BEC CPA Exam Duration

Currently, BEC is a 3 hour, 180 minute, or 10,800 second behemoth that covers Corporate Governance, Economic Concepts and Analysis, Financial Management, Information Systems and Communication, Strategic Planning, and Operations Management. In this timeframe, you have the opportunity to take on 72 multiple choice questions and 3 written communication tasks that are weighted at 85 percent and 15 percent, respectively. Are you interested in a test day timeline for BEC? Awesome! Consider using the following timeline:

Testlet 1: 40 minutes

Break: 5 minutes

Testlet 2: 40 minutes

Break: 5 minutes

Testlet 3: 40 minutes

Break: 5 minutes

Written Communication Tasks: 45 minutes

The equates to 1 minute and 40 seconds per multiple choice question and 15 minutes per written communication task. If you find you need more time on the written communication tasks or prefer having fewer breaks, consider tweaking the timeline to suit your individual needs.

CPA Examination Function For 2017 Exam

CPA Examination Function  :  AUD CPA Exam Duration

The AUD Exam is 4 hours long, though the candidate is not required to use all the allotted time, and consists of 72 Multiple Choice Questions (MCQs) and 8 Task-Based Simulations (TBSs).

Of the 72 MCQs, 60 are operational, meaning they count toward the exam score, while 12 are pretested and do not count toward the exam score. Of the 8 TBSs, 7 are operational and 1 pretested. Other than scoring, there is no functional difference between operational and pretested questions and no sure way for the candidate to tell the difference between an operational and pretested question.

The AUD Exam is organized into five testlets – two 36-question MCQ testlets followed by a 2-question TBS testlet, then an optional 15-minute break that does not count against the 4-hour test time, then two additional TBS testlets of three questions each. Once a testlet has been submitted, it cannot be revisited.

CPA Examination Function For 2017 Exam

CPA Examination Function  : 

This section covers knowledge of audits of issuer and nonissuer entities, attestation engagements for issuer and nonissuer entities, preparation, compilation and review engagements, and the skills needed to apply that knowledge.

CPA Examination Function For 2017 Exam

CPA  Auditing and Attestation (AUD) For 2017 Exam :  The Auditing & Attestation (AUD) section of the CPA Exam covers the entire auditing process, including auditing procedures, generally accepted auditing standards, standards related to attest engagements and the AICPA Code of Professional Conduct. It’s important to remember that the AUD exam tests on how well a CPA candidate applies their audit and attestation knowledge when solving problems and performing specific Blueprint tasks, not how well they are able to memorize auditing concepts.

CPA  Auditing and Attestation (AUD) For 2017 Exam : 

15-25% Ethics, Professional Responsibilities and General Principles

  • Nature and Scope of Audit and Non-Audit Engagements
  • Ethics, Independence and Professional Conduct
  • Terms of Engagement for Audit and Non-Audit Engagements
  • Requirements for Engagements Documentation
  • Communication with Management and Those Charged with Governance
  • Communication with Component Auditors and Parties Other Than Management and Those Charge with Governance
  •  A Firm’s System of Quality Control, Including Quality Control at the Engagement Level

20-30% Assessing Risk and Developing a Planned Process

  • Planning an Engagement
  • Understanding an Entity and Its Environment
  • Understanding an Entity’s Internal Control
  • Assessing Risks Due to Fraud
  • Identifying and Assessing the Risk of Material Misstatement and Planning Further Procedures Responsive to Identified Risks
  • Materiality
  • Planning for and using the Work of Others, Including Group Audits, the Internal Audit Function and the Work of a Specialist
  • Specific Areas of Audit Risk

30-40% Performing Further Procedures and Obtaining Evidence

  • Understanding Sufficient Appropriate Audit Evidence
  • Sampling Techniques
  • Performing Specific Procedures to Obtain Evidence
  • Specific Matters that Require Individual Attention
  • Misstatements and Internal Control Deficiencies
  • Written Representations
  • Subsequent Events and Subsequently Discovered Facts

15-25% Forming Conclusions and Reporting

  • Reports On Auditing Engagements
  • Reports On Attestation Engagements
  • Accounting and Review Service Engagements
  • Reporting On Compliance
  • Other Reporting Considerations

70-76% Auditing Engagements and Standards

  • Engagement Acceptance and Understanding
  • Understanding the Entity, its Context, and its Internal Control
  • Audit Procedures and Evidence Evaluation
  • Audit Reports and Opinions

16-20% Professional Responsibilities

  • Ethics
  • Independence

12-16% Accounting & Review Services

  • Engagement Planning
  • Evidence
  • Reports

CPA Examination Function For 2017 Exam

This section covers knowledge of general business environment and business concepts that candidates need to know in order to perform audit, attest, accounting and review services, financial reporting, tax preparation, and other professional responsibilities in their role as certified public accountants, and the skills needed to apply that knowledge.

CPA Examination Function  : The Business Environment and Concepts (BEC) section of the CPA Exam tests CPA candidates’ understanding of business concepts and the significance of a CPA’s professional duties and responsibilities within the larger context of the business environment. Areas covered on the BEC Exam are corporate governance, economic concepts and analysis, financial management, information systems and communications, strategic planning and operations management. One unique aspect of the BEC exam is that it requires the candidate to prepare and submit three Written Communication responses.

Many CPA candidates consider BEC to be the easiest section of the CPA Exam. However, BEC pass rates have historically been only slightly higher than those for other sections, and the exam still requires a serious study effort.

CPA Business Environment and Concepts  : BEC EXAM CONTENT

17-27% Corporate Governance

  • Internal control and enterprise risk management frameworks
  • Other regulatory frameworks and provisions

17-27% Economic Concepts and Analysis

  • Economic and business cycles
  • Market influences on business
  • Financial risk management

11-21% Financial Management

  • Capital structure
  • Working capital
  • Financial valuation methods and decision models

15-25% Information Technology (IT)

  • IT governance
  • Role of IT in business
  • Information security/availability
  • Processing integrity (input/processing/output controls)
  • Systems development and maintenance

15-25% Operations Management

  • Cost measurement concepts, methods and techniques
  • Variance analysis
  • Process management
  • Planning techniques

CPA Examination Function For 2017 Exam

CPA Examination Function :  CPA Testing window: In order to make appointments at test centres, candidates must have a valid Notice to Schedule (NTS). Candidates receive an NTS after they apply to take an examination and are deemed eligible by their state boards of accountancy. An NTS is provided for every section a candidate has been approved to take. The NTS is valid only for a specified period of time and cannot be used once it expires. Therefore, it is important that candidates schedule their test appointments as soon as they receive the NTS.  

CPA Testing window: Scheduling

Candidates may schedule examination sessions at or by calling Prometric’s Call Center at 1-800-580-9648. Candidates must have their Notices to Schedule available when making test appointments. Tests are scheduled on a first come, first served basis. The earlier candidates schedule appointments, the better their chances are of obtaining the location, date, and time of their choice. Test appointments cannot be scheduled less than six days in advance. Walk-in testing is not allowed.

CPA LICENSURE FEE$50-$300 (varies by state)

CPA Testing window: Steps for Exam

STUDYTake 1st Exam, then
STUDYTake 2nd Exam, then
STUDYTake 3rd Exam, then
STUDYTake 4th Exam

CPA Testing window: CPA Overview

Certified Public Accountant (CPA) is the title of qualified accountants in numerous countries in the English-speaking world. In the United States, the CPA is a license to provide accounting services directly to the public. It is awarded by each of the 50 states for practice in that state. Additionally, almost every state (49 out of 50) has passed mobility laws in order to allow practice in their state by CPAs from other states. Although state licensing requirements vary, the minimum standard requirements include the passing of the Uniform Certified Public Accountant Examination, 150 semester units of college education, and one year of accounting related experience.

Continuing professional education (CPE) is also required to maintain licensure. Individuals who have been awarded the CPA but have lapsed in the fulfillment of the required CPE or have requested to be converted to inactive status are in many states permitted to use the designation “CPA Inactive” or an equivalent phrase. In most U.S. states, only CPAs are legally able to provide to the public attestation (including auditing) opinions on financial statements. Many CPAs are members of the American Institute of Certified Public Accountants and their state CPA society.

State laws vary widely regarding whether a non-CPA is even allowed to use the title accountant. To illustrate, Texas prohibits the use of the designations “accountant” and “auditor” by a person not certified as a Texas CPA, unless that person is a CPA in another state, is a non-resident of Texas, and otherwise meets the requirements for practice in Texas by out-of-state CPA firms and practitioners.

CPA Testing window: CPA exam

In order to become a CPA in the United States, the candidate must sit for and pass the Uniform Certified Public Accountant Examination (Uniform CPA Exam), which is set by the American Institute of Certified Public Accountants (AICPA) and administered by the National Association of State Boards of Accountancy (NASBA). The CPA designation was first established in law in New York State on April 17, 1896.

Eligibility to sit for the Uniform CPA Exam is determined by individual state boards of accountancy. Many states have adopted what is known as the “150 hour rule” (150 college semester units or the equivalent), which usually requires an additional year of education past a regular 4 year college degree, or a master’s degree. (As such, universities commonly offer combined 5-year bachelor’s/master’s degree programs, allowing a student to earn both degrees while receiving the 150 hours needed for exam eligibility.)

The Uniform CPA Exam tests general principles of state law such as the laws of contracts and agency (questions not tailored to the variances of any particular state) and some federal laws as well.

Other licensing and certification requirements

Although the CPA exam is uniform, licensing and certification requirements are imposed separately by each state’s laws and therefore vary from state to state.

State requirements for the CPA qualification can be summed up as the Three Es—Education, Examination and Experience. The education requirement normally must be fulfilled as part of the eligibility criteria to sit for the Uniform CPA Exam. The examination component is the Uniform CPA Exam itself. Some states have a two-tier system whereby an individual would first become certified—usually by passing the Uniform CPA Exam. That individual would then later be eligible to be licensed once a certain amount of work experience is accomplished. Other states have a one-tier system whereby an individual would be certified and licensed at the same time when both the CPA exam is passed and the work experience requirement has been met.

Two-tier states include Alabama, Florida, Illinois, Montana, and Nebraska. The trend is for two-tier states to gradually move towards a one-tier system. Since 2002, the state boards of accountancy in Washington and South Dakota have ceased issuing CPA “certificates” and instead issue CPA “licenses.” Illinois planned to follow suit in 2012.

A number of states are two-tiered, but require work experience for the CPA certificate, such as Ohio.

Work experience requirement

The experience component varies from state to state:

  • The two-tier states generally do not require that the individual have work experience to receive a CPA certificate. (Work experience is required, however, to receive a license to practice.)
  • Some states, such as Colorado and Massachusetts, will waive the work experience requirement for those with a higher academic qualification compared to the state’s requirement to appear for the Uniform CPA. As of July 1, 2015, Colorado no longer offers the education in lieu of experience option and all new applicants must have at least one year of work experience.
  • The majority of states still require work experience to be of a public accounting nature, namely two years audit or tax experience, or a combination of both. An increasing number of states, however, including Oregon, Virginia, Georgia and Kentucky, accept experience of a more general nature in the accounting area. This allows persons to obtain the CPA designation while working for a corporation’s finance function.
  • The majority of states require an applicant’s work experience to be verified by someone who is already licensed as a CPA. This requirement can cause difficulties for applicants based outside the United States. However, some states such as Colorado and Oregon will accept work experience certified by a Chartered Accountant as well.


Over 40 of the state boards now require applicants for CPA status to complete a special examination on ethics, which is effectively a fifth exam in terms of requirements to become a CPA. The majority of these will accept the AICPA self-study Professional Ethics for CPAs CPE course or another course in general professional ethics. Many states, however, require that the ethics course include a review of that state’s specific rules for professional practice.

CPA Examination Function For 2017 Exam

CPA Score release date :After exam for the CPA Exam will be released by NASBA to state boards of accountancy based upon the table below. Day in Testing Window

‘Day in Testing Window’ refers to the date AICPA receives the test result, not the test date. Additionally, some candidates who take the BEC section might receive their scores approximately one week following the target release date due to additional analysis that might be required for the written communication tasks. Scores are generally released during regular business hours.

JANUARY 20January 20February 7
FEBRUARY 14February 14February 23
FEBRUARY 28February 28March 8


March 11

After March 11

March 21

March 24

CPA Score release date

APRIL / MAYApril 1 – May 31August 16 – August 18

CPA Score release date 

When you decide to pursue the CPA license, know that it’s a significant decision that lays the groundwork for a rewarding career with expanded opportunity and enhanced earning potential. Like anything worth having in life, the journey to the CPA requires commitment, discipline and planning; a journey that begins with the gateway to the profession, the Uniform CPA Examination.

As a CPA candidate, you must be thoroughly familiar with the entire Examination journey

– from the time of application to sitting for the Examination and passing all four sections. You must learn how the process works, candidate responsibilities, the rules governing a candidate’s progress, and Examination and licensure requirements.

The accountancy board in the state in which you qualify as a CPA candidate determines the requirements governing applications for the Examination and licensure; the NASBA Candidate Bulletin provides candidates with requirements that apply to taking the Examination.

CPA Examination Function For 2017 Exam

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