The AICPA has released a new sample test for the next version of the CPA Exam, which launches April 1, 2017.
SARS No. 22 – Compilation of Pro Forma Financial statement, which supersedes SSARS No. 14, is testable on the CPA Exam in July 2017. SSARS No. 22 takes effect for compilation reports on pro forma financial information dated on or after May 1, 2017.
The AICPA is offering a membership discount to CPA exam candidates. The 60% discount is valid for all new members for the first year of membership.
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.
AICPA Board of Examiners has identified the need to test higher-order skills like critical thinking, problem solving, analytical ability, and professional skepticism.
What is the new, overhauled CPA exam going to look like in 2017? If you read the AICPA’s exposure draft, you’ll learn that the AICPA wants to follow what academicians follow: Bloom’s Taxonomy, which is a sort of “stair step” in the learning process.
The AICPA’s Board of Examiners (BOE) recently concluded that the existing Policy on New Pronouncements was no longer aligned with the needs of the CPA Exam. Learn how this conclusion directly impacts the exam.