Did the CPA Exam change?

The new CPA licensure and CPA Exam model is a Core + Discipline model. The model starts with a robust core in accounting, auditing, and tax that all candidates will have to complete. Then, each candidate must choose a Discipline section in which to demonstrate greater skills and knowledge.

When was the last CPA Exam update?

2020 Changes On July 1, 2020, the REG section of the CPA Exam was updated to include updates related to the SECURE Act of 2019 and the Taxpayer Certainty and Disaster Relief Act of 2019, along with updates in BEC related to COSO & COBIT. REG updates related to the CARES Act began on October 1, 2020.

When did the CPA Exam become 4 parts?

Not Your Parents’ CPA Exam. The last major change in the AICPA Uniform CPA examination took effect in May 1994, and effective in 2004, the examination will be drastically different in format, length, content, location, and time. The final pencil-and-paper CPA exam will take place in November 2003.

Is the CPA Exam changing in 2022?

Are there any CPA Exam changes in 2022 vs 2021? There are no CPA Exam changes effective January 1, 2022.

Is the CPA changing in 2022?

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).

What is the hardest CPA Exam?

Financial Accounting and Reporting (FAR)
Students often report that Financial Accounting and Reporting (FAR) is the most difficult part of the CPA Exam to pass, because it is the most comprehensive section.

Will the CPA Exam change in 2022?

Is the CPA Exam changing in 2024?

The AICPA Governing Council and the NASBA Board of Directors voted to support the CPA Evolution initiative. We will launch a new Uniform CPA Exam in January 2024. NASBA and the AICPA will continue to work collaboratively with stakeholders from across the profession to implement this new licensure model.