Antonia Davis 8/24/2018 CALIFORNIA BOARD OF ACCOUNTANCY . UNIFORM CPA EXAMINIATION Prior to applying for a CPA license, you must pass the CPA Exam developed by the American Institute of Certified Public Accountants (AICPA). The AICPA is a professional organization of CPAs consisting of members in public practice, industry, government, and academia. The AICPA’s Board of Examiners write and grade the examination, as well as ensure the continued validity and reliability of the exam; however, the CBA contracts with the National Association of State Boards of Accountancy (NASBA) to administer the exam. In addition to delivering the examination, NASBA also collects fees related to the administration of the exam, and provides special accommodations to candidates with disabilities. You can schedule and take the CPA Exam at various Prometric testing centers throughout the United States and its territories. The CPA Exam is a four-part, computerized exam, which tests auditing and accounting knowledge areas and skills that are necessary for entry into the profession and are essential for practice as a CPA. You must pass all four sections of the examination prior to applying for licensure in any state. The following briefly describes each section: The Auditing and Attestation (AUD) section covers knowledge of generally accepted auditing standards and procedures and the skills needed to apply them in auditing and other attestation engagements. The Business Environment and Concepts (BEC) section assesses candidates’ knowledge of a CPA’s professional responsibilities and the legal implications of business transactions, particularly as they relate to accounting and auditing. The Regulation (REG) section evaluates knowledge of principles and procedures for federal income, estate, and gift taxation, managerial accounting, and accounting for governmental and not-for-profit organizations. The Financial Accounting and Reporting (FAR) section appraises knowledge of generally accepted accounting principles for business enterprises, including financial accounting concepts and standards and their application in public accounting engagements. EDUCATIONAL REQUIREMENTS To qualify to take the CPA Exam, you must meet the following minimum educational requirements:
A baccalaureate degree or higher conferred by a degree-granting college or university (or foreign equivalent evaluated by a CBA-approved foreign academic credentials evaluation service) accredited by a United States regional institutional accrediting agency or national accrediting agency 24 semester units of accounting subjects 24 semester units of business-related subjects Once you have successfully passed all four parts of the CPA Exam, you must meet the following additional educational requirements prior to CPA licensure: 150 total semester units 20 semester units in accounting study subjects 10 semester units in ethics study subjects Delayed Conferral of Baccalaureate Degree
You've reached the end of your free preview.
Want to read all 9 pages?
- Spring '14
- Cost Accounting, Certified Public Accountant, Uniform Certified Public Accountant Examination