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ACCT 492Kimberly FrederickMarcus HilbertTyler HodsonThe CPA Examination
The cpa examination
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.
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: Baccalaureate30 semester hours in business administration subjects, of which 20 semester hours in the study of accounting subjectsMinimum age requirement: 18
UNIFORM CPA EXAMINATION PASSING RATES for 2010
Becker Professional Education: Becker CPA Exam ReviewKaplan CPA Review: kaplanCPAreview.comRoger CPA Review: rogerCPAreview.comCPA Reviews
CPA Testing Location
CPA Testing ScheduleJanuary  FebruaryApril- MayJuly-AugustOctober- November
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:$100Audit:$207.15Financial:$207.15Regulation:$185.10Business:$185.10Total:$884.50
The CPA ExaminationComputer-basedKeyboard with numeric keypad, MouseFour sections taken separatelyAuditing & Attestation (4 hours)Financial Accounting & Reporting (4 hours)Regulation (3 hours)Business Environment and Concepts (3 hours)
Auditing and Attestation SectionFour hour testing timePassing score is 75 on a 0-99 scale90 multiple-choice questionsThree testlets (approx. 30 questions each)7 short Task-Based Simulations1 Research question
Multiple-Choice Example
Task-Based Simulation Example
Task-Based Simulation:Research Question Example
Tools within the Exam
Auditing & Attestation Exam Content 12-16%  engagement acceptance and planning16-20% entity and internal control16-20% procedures and evidence16-20% audit findings, communications, and reporting12-16% review services engagements16-20% professional responsibilities
Idaho Requirements for LicensurePass the CPA ExamPass the Ethics Exam150 Semester / 225 quarter creditsBackground CheckMust be an Idaho resident1 year / 2,000 hours of experience working under a licensed CPA
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The cpa examination

  • 1. ACCT 492Kimberly FrederickMarcus HilbertTyler HodsonThe CPA Examination
  • 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: Baccalaureate30 semester hours in business administration subjects, of which 20 semester hours in the study of accounting subjectsMinimum age requirement: 18
  • 5. UNIFORM CPA EXAMINATION PASSING RATES for 2010
  • 6. Becker Professional Education: Becker CPA Exam ReviewKaplan CPA Review: kaplanCPAreview.comRoger CPA Review: rogerCPAreview.comCPA Reviews
  • 8. CPA Testing ScheduleJanuary FebruaryApril- MayJuly-AugustOctober- 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:$100Audit:$207.15Financial:$207.15Regulation:$185.10Business:$185.10Total:$884.50
  • 10. The CPA ExaminationComputer-basedKeyboard with numeric keypad, MouseFour sections taken separatelyAuditing & Attestation (4 hours)Financial Accounting & Reporting (4 hours)Regulation (3 hours)Business Environment and Concepts (3 hours)
  • 11. Auditing and Attestation SectionFour hour testing timePassing score is 75 on a 0-99 scale90 multiple-choice questionsThree testlets (approx. 30 questions each)7 short Task-Based Simulations1 Research question
  • 16. Auditing & Attestation Exam Content 12-16% engagement acceptance and planning16-20% entity and internal control16-20% procedures and evidence16-20% audit findings, communications, and reporting12-16% review services engagements16-20% professional responsibilities
  • 17. Idaho Requirements for LicensurePass the CPA ExamPass the Ethics Exam150 Semester / 225 quarter creditsBackground CheckMust be an Idaho resident1 year / 2,000 hours of experience working under a licensed CPA