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The cost of this exam differs according to the state of but roughly it costs around USD 200 per section and a total of around USD 800 for all four sections. Hover on to the official website of AICPA and choose your state for more pricing information. Other costs may also incur like buying the CPA exam dumps pdf and then practicing for the exam via the CPA practice test.
Passing all four sections of the Uniform CPA Test is one of the first steps to being a licensed CPA. The CPA Exam is a computer-based examination conducted by the AICPA, consisting of four parts evaluating the minimum knowledge and skills needed by a CPA. The new version of the exam takes 16 hours in total.
While each state/jurisdiction has its particular criteria for obtaining a CPA license, they all require the CPA Exam to be passed by an applicant, and you have 18 months to complete all four sections of the CPA Exam (the clock starts ticking after you pass the first section), so be aware of scheduling and preparing.
The exam contains the following four main parts which are further described in details in the following section:
See the CPA practice exams to get a know-how of how these sections are divided. The AUD section offers questions based on professional obligations, ethics, risk assessment in the production of plan responses, the performance of procedures and facts, and drawing conclusions and reporting of accounting information. The BEC chapter discusses topics related to corporate governance, economic concepts, and interpretation, financial management, IT, and operations management. The FAR section consists of questions that emphasize the conceptual structure and financial reporting, the selection of accounts of financial statements, the selection of transactions, and the application of state and local governments to accounting work. The REG section consists of topics that concentrate on ethics, federal tax practices, professional obligations, business law, federal property transaction taxation, federal individual taxation, and federal agency taxation.
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The meaning of qualifying examinations is, in some ways, to prove the candidate's ability to obtain qualifications that show your ability in various fields of expertise. If you choose our AA learning guide materials, you can create more unlimited value in the limited study time, learn more knowledge, and take the exam that you can take. Through qualifying examinations, this is our AA real questions and the common goal of every user, we are trustworthy helpers, so please don't miss such a good opportunity. The acquisition of CPA qualification certificates can better meet the needs of users' career development, so as to bring more promotion space for users. This is what we need to realize.
| Section | Weight | Objectives |
|---|---|---|
| Review, Completion and Reporting | 20% | - Going concern, subsequent events and written representations - Audit reports, modifications and other communications - Evaluation of misstatements and review of work |
| Legal, Ethical and Regulatory Environment | 20% | - Ethics, independence, professional skepticism and quality control - Anti-money laundering, fraud and corporate governance - Regulatory framework including Companies Act 2014 |
| Assurance and Related Services | 5% | - Other assurance engagements and non-audit services |
| Accepting and Planning Audit Engagements | 25% | - Pre-conditions, client acceptance and engagement terms - Understanding entity and internal control systems - Risk assessment, materiality and audit strategy |
| Performing Audit Procedures and Gathering Evidence | 30% | - Audit evidence, sampling and documentation - CIS auditing and computer-assisted audit techniques - Tests of controls and substantive procedures |
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