Monthly Archives: April 2016
On April 14, 2016, the Financial Accounting Standards Board (FASB) released Accounting Standards Update No. 2016-10, Revenue from Contracts with Customers Topic 606.
As recently announced by the AICPA, a new simulation question type, the Document Review Simulation (DRS), will debut on the CPA Exam on July 1, 2016. This new question type will appear in the FAR, AUD and REG sections initially and move to the BEC section in 2017.
The Auditing Standards Board (ASB) issued Statement on Standards for Attestation Engagements (SSAE) No. 18, Attestation Standards: Clarification and Recodification.
The next version will launch April 1, 2017. Each section of the test will now be four hours in length, for a total testing time of 16 hours. Get the latest CPA Review info.