CPA Examination Announcements

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CPA Exam Pilot To Launch In India April 2, 2020 During this extremely difficult time, we know you have many issues — the health of your families and friends, your coworkers and your groups. We are looking to help alleviate an alternate worry you may have — taking your U. S. CPA Examination.

We recognize that present travel restrictions, test center closures and other elements make it confusing or not possible so that you can take the U. S. CPA Exam as planned. So, to support you for your pathway to CPA licensure, and to hold your health and safety, we will administer the Exam in India as a pilot at Prometric test facilities in the cities of Ahmedabad, Bangalore, Calcutta, Chennai, Hyderabad, Mumbai, New Delhi and Trivandrum. Reminder: Tax Law Eligible for REG Testing December 3, 2018 On January 1, 2019 19Q1, content associated with the “Tax Cuts and Jobs Act” Public Law No.

115 97 becomes eligible for checking out in the Regulation REG element of the CPA Exam. Some Exam questions can have alternative tax cures in keeping with timing unique in the Act e. g. alimony preparations, net operating losses, etc. . If so, the article will evidently indicate the genuine timing so applicants can decide the appropriate pieces of the Internal Revenue Code or Treasury Regulations that can apply.

If no such timing or other assumptions are stated in an Exam question, applicants should assume that the transactions or events referenced occur in the current year. They should apply the most up-to-date provisions of the tax law according to the Board of Examiners’ Policy on New Pronouncements. To learn about all content eligible for checking out on the CPA Exam, download the CPA Exam Blueprints. CPA Exam to Phase in Testing of PCAOB Standard January 9, 2018On June 1, 2017, the Public Company Accounting Oversight Board “PCAOB” or “Board” adopted a new elementary, The Auditor’s Report on an Audit of Financial Statements when the Auditor Expresses an Unqualified Opinion PCAOB Release No. 2017 001. The Securities and Exchange Commission approved the standard on October 23, 2017.

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The Board adopted a phased approach to the beneficial dates for the new necessities. The final fundamental and amendments will take effect as follows: All provisions apart from those related to significant audit matters will take effect for audits of fiscal years ending on or after December 15, 2017; and provisions related to vital audit matters will take effect for audits of fiscal years ending on or after June 30, 2019 for big expanded filers; and for fiscal years ending on or after December 15, 2020 for all other businesses to which the requirements apply. Exam data for foreign U. S. CPA candidates may be found here or on the NASBA website.

For a list of testing facilities in Brazil, visit prometric. comHow is the Uniform CPA Examination Scored?posted April 24, 2017This lately up to date doc adds a non technical explanation of CPA Exam scoring. 2017 CPA Exam Booklet Published posted April 17, 2017 The 2017 edition of the Uniform CPA Examination publication is available for down load. Q1 2017 CPA Examination Pass Rates Posted posted March 31, 2017Candidate pass rates for the 1st quarter checking out window of 2017 can be found for viewing. Notice to Candidates Planning to Sit for BEC or REG starting in Q2 2017 posted December 15, 2016If you propose to sit for the BEC or REG sections on or after April 1, 2017, please note the earliest you’ll agenda your test is March 11, 2017.

This scheduling hold helps the change to the BEC and REG sections, which increase from three to four hours each as of April 1, 2017. Seats could be available for applicants who plan to sit for the BEC or REG sections in early April. Note: This announcement does not impact AUD or FAR test scheduling for April 1 and beyond. AUD and FAR scheduling may be done now on the Prometric web page. Score Release Hold Reminder for Next CPA Examination posted December 15, 2016; revised post April 17, 2017Candidates planning to sit for the Examination in 2017 Q2, Q3 or Q4 are reminded that scores can be held and released once following the close of each window.

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These holds allow the AICPA Board of Examiners time to check candidate performance data and set a passing score. Should a candidate have a priority that the score unlock holds will impact their means to comprehensive the Examination within 18 months, he/she must touch their local state board of accountancy for tips.