The American Institute of Certified Public Accountants (AICPA) is launching a new version of the Uniform CPA Exam on April 1, 2017. According to the AICPA, professional content knowledge will remain fundamental to protecting the public interest. In addition, it is critical that newly licensed CPAs also be competent in:
- Recognizing issues
- Identifying errors
- Challenging assumptions
- Applying both professional judgement and skepticism
In order to test these competencies, the CPA Exam will have an increased emphasis on testing higher order skills. More task-based simulations will be used and the length of the CPA Exam will increase from 14 to 16 hours - four sections of four hours each. The exam will also be slightly more expensive. If you qualify to sit prior to the 2017 changes, we encourage you to do so.
Why the changes?
In early 2014, the AICPA launched a research project to identify the knowledge and skills required of newly licensed CPAs for the next version of the Exam. The AICPA found that in order to protect the public interest, those seeking licensure as a CPA must demonstrate the following:
- Have the knowledge and skills necessary to perform more advanced tasks
- The ability to contribute to complex accounting projects early in their careers
- Possess higher order cognitive skills and professional skepticism
Be Becker Prepared
With every change in the CPA Exam, we’re here to provide the guidance, direction and support you need. We’ll post the most current information about changes to the CPA Exam change as they become available.
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