The AICPA's Exposure Draft: Maintaining the Relevance of the Uniform CPA Exam is available now through November 30 for public comment. The document represents the culmination of in-depth research, critical analysis of data, best practices in testing development and the collective thinking of leaders in the profession.
The AICPA’s efforts to develop the Exposure Draft began in 2014 when it launched a practice analysis, a comprehensive research project, to identify the knowledge and skills required of newly licensed CPAs for the next version of the Exam. A practice analysis is necessary to ensure that the Exam supports the profession’s commitment to protect the public interest, remains current, relevant, reliable, and legally defensible and fulfills the needs of the boards of accountancy in carrying out their licensing responsibility.
A rigorous, broad, and inclusive endeavor, the practice analysis collected input from a wide variety of stakeholders who share an interest in preserving the strength and mission of the profession – boards of accountancy, accounting firms, academia, standards setters and regulators, and business and industry. Valuable information was collected through focus groups, interviews, meetings with CPAs from across the profession, an invitation to comment, and a survey of CPAs, as well as from the AICPA Board of Examiners (BOE) sponsor group, sponsor advisory group, content committee and its subcommittees, and others.
Feedback to the Exposure Draft will help finalize the development of the next Exam’s content, structure, and design. Changes for the next version of the Exam will be announced in 2016 and included on the Exam in 2017. Your professional input and insight is critical to this endeavor.