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  • 1. ACCT 492
    Kimberly Frederick
    Marcus Hilbert
    Tyler Hodson
    The CPA Examination
  • 2.
  • 3. CPA Exam: Background
    First administered in 1917.
    CPA exam is uniform in all 50 states and is administered by individual State Boards of Accountancy.
    Approximately 100,000 candidates sit for the CPA Exam each year.
    In 1996 the exam became a closed exam.
  • 4. CPA Exam: Prerequisites
    Prerequisites vary from state to state.
    Idaho prerequisites:
    150 credit hours to receive certificate, however, do not need 150 credit hours to sit for exam.
    Minimum degree required: Baccalaureate
    30 semester hours in business administration subjects, of which 20 semester hours in the study of accounting subjects
    Minimum age requirement: 18
  • 5. UNIFORM CPA EXAMINATION PASSING RATES for 2010
  • 6. Becker Professional Education: Becker CPA Exam Review
    Kaplan CPA Review: kaplanCPAreview.com
    Roger CPA Review: rogerCPAreview.com
    CPA Review’s
  • 7. CPA Testing Location
  • 8. CPA Testing Schedule
    January – February
    April- May
    July-August
    October- November
  • 9. CPA Exam: Cost
    Costs vary from jurisdiction to jurisdiction.
    The average cost for the exam is $575 to $800.
    Idaho exam fees:
    Initial Application Fee:$100
    Audit:$207.15
    Financial:$207.15
    Regulation:$185.10
    Business:$185.10
    Total:$884.50
  • 10. The CPA Examination
    Computer-based
    Keyboard with numeric keypad, Mouse
    Four sections taken separately
    Auditing & Attestation (4 hours)
    Financial Accounting & Reporting (4 hours)
    Regulation (3 hours)
    Business Environment and Concepts (3 hours)
  • 11. Auditing and Attestation Section
    Four hour testing time
    Passing score is 75 on a 0-99 scale
    90 multiple-choice questions
    Three testlets (approx. 30 questions each)
    7 short Task-Based Simulations
    1 Research question
  • 12. Multiple-Choice Example
  • 13. Task-Based Simulation Example
  • 14. Task-Based Simulation:Research Question Example
  • 15. Tools within the Exam
  • 16. Auditing & Attestation Exam Content
    12-16% engagement acceptance and planning
    16-20% entity and internal control
    16-20% procedures and evidence
    16-20% audit findings, communications, and reporting
    12-16% review services engagements
    16-20% professional responsibilities
  • 17. Idaho Requirements for Licensure
    Pass the CPA Exam
    Pass the Ethics Exam
    150 Semester / 225 quarter credits
    Background Check
    Must be an Idaho resident
    1 year / 2,000 hours of experience working under a licensed CPA