As you probably already know, the American Institute of Certified Public Accountants (AICPA) will be administering a new version of the Uniform CPA Exam starting April 1, 2017.
In a practice analysis conducted by the Board of Examiners of the AICPA, which aimed to make sure that the exam remained current, reliable, defensible, and maintained its commitment to protecting public interest, it was found critical for newly licensed CPAs to have an increased emphasis on higher order skills and elevated competence in:
Per the practice analysis, testers can expect to see an increase in task-based simulations, which the AICPA will add an additional testlet to each section to accommodate for. Other changes include:
|Section||Multiple Choice Questions (MCQ)||Task-Based Simulations (TBS)||Written Responses|
Although there’s been a number of changes to the 2017 CPA Exam, one thing that has remained the same are the tested sections:
The new changes to the 2017 CPA Exam will now essentially require students to move away from their traditional study habits of memorization to now focusing on real-word application of concepts of public accounting principles.
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