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Pass out the detail information about the four sections of the CPA Exam?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Renju M.R asked over 2 years ago

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 megha answered over 2 years ago

hello, **CPA Exam Sections** The CPA exam is comprised of four sections taken independently. Each section has a specific time allotted to complete, totaling 14 hours. **Auditing and Attestation (AUD)** 1. Planning the engagement 2. Internal controls 3. Obtain and document information 4. Review engagement and evaluate information 5. Prepare communications Time allotted: 4 hours Format: 3 multiple choice testlets, 7 short task-based simulations **Business Environment and Concepts (BEC)** 1. Business structure 2. Economic concepts 3. Financial management 4. Information technology 5. Planning and measurement Time allotted: 3 hours Format: 3 multiple choice testlets, 3 written simulations **Financial Accounting and Reporting (FAR)** 1. Concepts and standards for financial statements 2. Typical items in financial statements 3. Specific types of transactions and events 4. Accounting and reporting for governmental entities 5. Accounting and reporting for nongovernmental and not-for-profit organizations Time allotted: 4 hours Format: 3 multiple choice testlets, 7 short task-based simulations **Regulation (REG)** 1. Ethics and professional responsibility 2. Business law 3. Federal tax procedures and accounting issues 4. Federal taxation of property transactions 5. Federal taxation--individuals 6. Federal taxation--entities Time allotted: 3 hours Format: 3 multiple choice testlets, 6 short task-based simulations Thanks & Regards

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