By now, most of you have heard that the content for the CPA Exam will be changed by 2017, (so try to pass it within the next two years!)
While the CPA Exam undergoes regular updates, currently its content is being reviewed at an even deeper level to ensure the Exam maintains relevance in the changing profession. The business environment has changed profoundly over the past few years. New regulations, developments in technology and global expansion have altered the way accountants work with one another. The AICPA closely monitors each of these factors and considers how they impact the future of the accounting profession.
Given this constantly evolving landscape, the AICPA believes it needs to take a closer look at how changes in the environment affect those who plan to enter the profession – the newly licensed CPAs. Experience and education requirements for licensure vary by state, but passing the Uniform CPA Examination is a must for everyone.
The AICPA and the National Association of State Boards of Accountancy (NASBA) are continuing to conduct a large-scale survey of thousands of newly licensed (2005 or after) and supervisors of said CPAs. The survey is asking for feedback on what content should be tested on the CPA Exam. The AICPA and NASBA desperately want input from this survey – which directly reflects experiences in the practice of accounting today – because this will be instrumental in helping them understand exactly what topics the Exam should include. The goal of the survey is to validate information on content areas and to understand the depth to which particular subjects should be tested on the Exam.
The CPA Exam undergoes regular updates. This time around, the changes look to be substantial. At this stage of the process, known as a practice analysis, the AICPA and NASBA are in the midst of determining the knowledge and skills outline for the next version of the CPA Exam launching in 2017.