Examination content refers to CPA Examination questions – multiple-choice, written communication and task-based simulations* – reflecting the subject matter eligible to be tested. According to the Board of Examiners (BOE) policy, Content and Skill Specification Outlines (CSOs/SSOs) document the content that is covered in all four sections of the Examination.
*Task-based simulations are case studies that allow candidates to demonstrate their knowledge and skills by generating responses to questions rather than simply selecting an answer. They typically require candidates to use spreadsheets and/or research authoritative literature provided in the Exam.
Download: CSOs/SSOs Effective January 1, 2015
View a summary of changes to the 2015 CSOs/SSOs.
CSO Update Effective January 1, 2016
On October 10, 2014, the AICPA Board of Examiners (BOE) approved changes to the CPA Exam Content Specification Outline (CSO) that will be effective on January 1, 2016.
Download:CSOs/SSOs Effective January 1, 2016
View a summary of changes to the 2016 CSOs/SSOs.
Examination content development is a major effort at the AICPA, involving hundreds of CPA volunteers who spend thousands of hours every year on the development of new examination questions. A constant flow of new questions is necessary to maintain the vitality and credibility of the CPA Examination.
AICPA BOE Revises Policy on New Pronouncements
The AICPA Board of Examiners (BOE) approved revisions to the CPA Exam Policy on New Pronouncements at its October 2, 2015 meeting. The revisions move the eligibility date for testing new accounting and auditing pronouncements to the later of: (1) the first testing window beginning after the pronouncement’s earliest mandatory effective date or (2) the first testing window beginning six (6) months after the pronouncement’s issuance date. The revisions also remove the ability to test new and existing pronouncements simultaneously. The revised policy becomes effective with the testing window beginning on April 1, 2016 and will be applied to all accounting and auditing pronouncements issued after July 1, 2015. Standards issued prior to July 1, 2015 remain subject to the former CPA Exam Policy on New Pronouncements.
The BOE concluded that the existing Policy on New Pronouncements was no longer aligned with the needs of the CPA Exam. Specifically, the BOE concluded that newly licensed CPAs are likely to have limited exposure to and involvement with a new pronouncement during any early adoption period and that the simultaneous testing of new and existing standards during any early adoption period could result in unnecessary candidate confusion. For more details, please refer to the complete CPA Exam Policy on New Pronouncements.
FAR Section: Converged revenue recognition standards not to be tested until January 1, 2018
The AICPA Board of Examiners has decided that IFRS 15, Revenue from Contracts with Customers, will not be tested in the FAR section of the CPA Exam until January 1, 2018. Read more about the decision and further action.