One step ahead - 2024 CPA Exam changes.
Becker’s Michael Potenza, CPA and attorney, connects with education experts to discuss what students might encounter on a future CPA Exam with the rollout of the new model curriculum for CPA Evolution.
CPA Exam Evolution FAQ
The right answers to the important questions.
Accounting has evolved over time. CPA Evolution is a joint effort between the National Association of State Boards of Accountancy (NASBA) and the American Institute of Certified Public Accountants (AICPA) that aims to evolve the profession’s licensure model to reflect the technological and data analytics skills and knowledge CPAs increasingly need in today’s marketplace. In short, there will soon be major CPA Exam changes.
The CPA Exam in 2024 is moving to a Core-Plus-Discipline Model which requires candidates to be skilled in a core base of accounting, auditing, and tax as well as one discipline section. For the discipline section, candidates choose between information systems and controls, business analysis and reporting, or tax compliance and planning.
The CPA Evolution initiative is reengineering the CPA licensure module to acknowledge the shift in the skills and competencies needed in the current and future practice of accounting. The new CPA exam will focus on topics that are more relevant in today’s environment which is not necessarily easier or harder but different. If you focus your studies and prepare for the new exam, Becker will be there to support you along your journey.
The CPA Exam is changing to address the need for newly licensed CPAs (nlCPAs) to be more prepared to perform accounting tasks and services that involve the use of technology and data analytics. By preparing nlCPAs in basic and advanced accounting practices, as well as in technology and analytics, nlCPAs will be positioned to be successful throughout their careers in the accounting profession.
The CPA Exam changes are slated to be updated beginning January 1, 2024. There may be a testing black-out period for test-takers leading up to that time, however these details are not yet published.
Becker CPA Course Review materials will be updated to reflect the newest AICPA CPA Exam blueprint. You can rest assured that Becker will update our courses and help you prepare for the new CPA Exam once it is released.
The new CPA Exam will include three Core Exams. CPA candidates must pass all three:
Financial Accounting and Reporting (FAR)
Audit and Attestation (AUD)
Tax and Regulation (REG)
The CPA Exam will also include three Discipline Exams. CPA candidates must pass just one of the three:
Business Analysis and Reporting (BAR)
Information and System Controls (ISC)
Tax Compliance and Planning (TCP)
Students can sit for the exams in any order, they can even take the discipline exam before the core exams. Once a student passes their first section of the exam, they still have 18 months to pass the remaining three exams.
NASBA has release a Transition Policy which provides guidance for students who take some exams prior to CPA Evolution and some exams after the launch of CPA Evolution.
If you have additional questions about the new CPA Exam or the NASBA Transition Policy, please contact us at email@example.com.