Accounting Today Podcast
The new shape of the CPA exam
Dec 19, 2023
The podcast discusses the upcoming revamp of the CPA exam, including changes to core and discipline sections. They also talk about the impact of technology, control, tax, and data analytics on the exam. The podcast covers the start and end dates of the new exam, the role of test centers for security, and the flexibility of testing locations. It emphasizes the importance of selecting the right exam section and highlights the stories of candidates who persevered through failures to pass the exam.
22:05
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Quick takeaways
- The new CPA exam will consist of three core sections (audit, financial accounting, and tax) and three discipline sections (ISC, tax compliance and planning, and business analysis and reporting), reflecting the changing landscape of the accounting profession.
- Candidates preparing for the new CPA exam should familiarize themselves with the exam blueprints provided by the AICPA, focus on their areas of interest, and aim to take at least one section every quarter to maintain focus and determination to succeed.
Deep dives
CPA Evolution: A Major Revamp of the CPA Exam
The CPA exam is undergoing significant changes as part of the CPA Evolution project, the biggest change since the exam was computerized in 2004. These changes are driven by a new licensing model proposed by the AICPA and NASBA. The new exam will consist of three core sections (audit, financial accounting, and tax) and three discipline sections (ISC, tax compliance and planning, and business analysis and reporting). This evolution aims to reflect the changing landscape of the accounting profession, incorporating technology, tax planning, and financial analysis. The updated exam will provide candidates with more flexibility in choosing their areas of expertise.
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