The REG (Regulations) CPA exam section tests candidates’ understanding of taxation at a federal level, law and legal matters in a business context, as well as the ethical and legal standards an entity and professional should be responsible for. In other words, the REG CPA Exam covers business law and federal taxation topics. This section
The FAR (Financing Accounting and Reporting) section of the CPA exam covers topics like GAAP, financial statements, financial transactions, and reporting for non-profits. Many candidates consider the CPA FAR exam to be the most challenging of the four because of its length and scope of information covered on the test. The FAR CPA exam is
The BEC CPA exam section stands for Business Environment and Concepts. Out of the four sections that comprise the Certified Public Accountant certification exam, it’s the one that evaluates a candidates’ comprehension of responsibility and professional duty. Hence, understanding management, principle economic concepts, corporate governance, and Informational Technology (IT) is crucial to mastery. It examines
The AUD (Attestation and Auditing) section of the CPA exam focuses on the examination of an entity’s financial statements, compliance, and processes. This section evaluates the candidates’ understanding of proper auditing procedures, gathering evidence, fundamental principles, and internal controls. Many candidates feel the AUD CPA exam is closely related to FAR because there is some
A lot of tax professionals want to advance their careers but don’t know which to choose: EA vs CPA. Both are great certifications that will help you get promoted, earn a higher salary, and guide your career. Both of these licenses are great options, but which one should you get. Let’s compare each one and
Waiting for the CPA exam scores release dates from NASBA can be difficult and suspenseful. After my exams, I was checking the website almost every day just to see if there were any updates. Obviously, this was a total waste of time, but I was excited. The AICPA publishes the release dates when NASBA is
In 2017 the AICPA made some serious changes to the CPA exam. They changed the content covered on the exam, the exam structure itself, and the grading methods used. Since 2013, the AICPA has been researching how to restructure the exam to focus on higher-skillsets and test candidates for logic and thought patterns instead of
During my CPA journey, I read every single CPA study guide that I could get my hands on and none of them actually told me how to study for the CPA exam. To my surprise, even the top CPA review courses don’t actually tell you how to study. Some of them include tips or a simple guide through the
There are a ton of different CPA exam study tips, tactics, strategies, and techniques, but I have to be honest: none of them are better than mine. I developed these tips while studying for my first accountancy exam section. As I was about halfway through the process, I realized that I was spending way too
According to the AICPA’s published pass rates, the hardest part of the Uniform CPA exam is FAR (Financial Accounting and Reporting). The 2016 cumulative pass rates show that candidates consistently performed worst on FAR than the AUD, BEC, and REG with pass rates of 45.42%, 45.82%, 55.54%, and 48.41%, for all four sections respectively. However,
