On April 1, 2017, the AICPA will launch the next version of the Uniform CPA Examination (“Exam”), an assessment steeped in research and rigor that remains aligned with professional practice. The next Exam will continue to provide reasonable assurance to boards of accountancy that individuals who pass possess the minimum level of technical knowledge and skills necessary to protect the public interest.
The AICPA’s practice analysis final report provides complete details of the next Exam and highlights the more than two years of in-depth research that informed the Exam’s final content and design. Countless stakeholders, from public accounting, business & industry, academia, boards of accountancy, state societies, and regulators and standards setters, shared a wealth of knowledge and expertise throughout the practice analysis with the objective of aiding the development of an Exam that continues to preserve the strength and mission of the profession.
Structured by the four sections of Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR) and Regulation (REG), the next Exam is a 16-hour test designed for a greater assessment of a candidate’s higher-order cognitive skills such as critical thinking and analytical ability. The next Exam presents candidates with a variety of multiple-choice questions, task-based simulations (TBSs) and written responses (BEC only) at varying skill levels.
To guide candidates along in their preparation, Exam blueprints, providing greater clarity in the presentation of content, skills and related representative tasks that may be tested on the Exam, will replace the current Content Specification Outline (CSO) and Skill Specification Outline (SSO).
For more information visit the next Exam or Frequently Asked Questions (FAQs) pages.