The CPA examination measures your data of public accounting rules, and is made up of 4 components: Monetary Accounting and Reporting (FAR), Auditing and Attestation (AUS), Regulation (REG), and Enterprise Setting and Ideas (BEC). You have to full and move all 4 sections to earn your license and grow to be a CPA SSC Result.
There are 4 two-month testing home windows annually, and you might take all or any sections of the examination in a specific window. Nevertheless, it is necessary to permit your self sufficient time to organize for every part. Candidates who try and tackle an excessive amount of or unfold their research time too skinny might discover it tough to move on their first try. Likewise, those that undertake the examination with out the good thing about CPA examination programs might uncover that they want formal examination prep in an effort to move.
If you don’t move a number of sections of the examination, you may have the chance to retake these sections throughout a later testing window. The next outlines what you want to find out about retaking – and in the end passing – the CPA examination.
Scoring of CPA Examination Sections
Every part of the examination is scored on a scale of zero to 99, with various weights utilized to particular varieties of examination questions. Via 2010, a minimal rating of 75 was required to move every part. Nevertheless, the scoring and weights have modified with the introduction of the examination’s computer-based testing evolution (CBT-e) in January of 2011. The American Institute of Licensed Public Accountants (AICPA) Board of Examiners will decide relating to the minimal passing rating within the early months of 2011, after information from the primary testing window of the brand new 2011 examination grow to be obtainable.
As for the CBT-e scoring weights, the FAR, AUD and REG sections all have the identical construction – a number of alternative questions account for 60% of the full grade, whereas task-based simulations are value 40%. For the BEC part, a number of alternative questions are value 85% of the ultimate rating, whereas written communication duties contribute 15% of the grade.
Launch of CPA Examination Outcomes
Examination testing home windows run the primary two months of every calendar quarter, and candidates usually obtain their scores over the last month of the quarter. The outcomes of the CPA examination are launched in two waves; the primary is roughly every week earlier than the testing window ends, whereas the second is about two weeks after the take a look at window closes.
Nevertheless, the AICPA doesn’t difficulty scores on to candidates. It sends them to the Nationwide Affiliation of State Boards of Accountancy (NASBA). The person boards are liable for approving and releasing scores to candidates, and every board units its personal schedule for distributing the outcomes. For those who suspect you probably did poorly on a specific part, you don’t have to attend to your CPA examination outcomes earlier than rescheduling a retake; nonetheless, you can’t retake the identical part greater than as soon as in the identical testing window.
Timeframe for Finishing CPA Examination
To reply the query posed on the outset of this text, there isn’t a restrict to the variety of occasions you might retake the CPA examination. Nevertheless, you could move all 4 sections of the examination inside 18 consecutive months. The calendar begins whenever you take your first examination, assuming you move no less than one part in that window. If you don’t move all 4 sections inside the 18 month timeframe, you’ll lose credit score for any sections you handed at first of the rolling window, and the calendar will restart on the date of the subsequent examination part you handed.