CPA Exam Policy on New Pronouncements

Changes in accounting and auditing pronouncements are eligible to be tested on the Uniform CPA Examination in the later of: (1) the first calendar quarter beginning after the pronouncement’s earliest mandatory effective date, regardless of entity type* or (2) the first calendar quarter beginning six (6) months after the pronouncement’s issuance date. 

Changes in the Internal Revenue Code, and federal taxation regulations are eligible to be tested in the calendar quarter beginning six (6) months after the change’s effective date or enactment date, whichever is later.

Changes in federal laws outside the area of federal taxation are eligible to be tested in the calendar quarter beginning six (6) months after their effective date.

Changes in uniform acts are eligible to be tested in the calendar quarter beginning one (1) year after their adoption by a simple majority of the jurisdictions.

For all other subjects covered in the Uniform CPA Examination, changes are eligible to be tested in the later of: (1) the first calendar quarter beginning after the earliest mandatory effective date, regardless of entity type* or (2) six (6) months after the issuance date.

Once a change becomes eligible for testing in the Uniform CPA Examination, previous content impacted by the change is removed.

* Note the following example:  A pronouncement issued on February 1, 2019, is effective for public business entities for fiscal years beginning after December 15, 2019, and is effective for all other entities for fiscal years beginning after December 15, 2020. For purposes of the Uniform CPA Examination: (1) the pronouncement is eligible for testing on January 1, 2020 for all entity types and (2) the prior pronouncement is deemed superseded and no longer eligible for testing as of January 1, 2020.