CPA Exam Review News Blog

Q3 2019 AICPA Blueprint Updates

Posted by Guest Blogger on Jan 19, 2019 7:00:00 AM

Just in! The new Q3 2019 AICPA blueprints have been released and you can start using them now if you'll be testing this summer. Changes to be aware of this spring as you prepare for your next exam:

Regulation (REG)

No significant changes to the AICPA blueprints in Q3 2019. As such, there are no scope increases (no new topic areas), just clarification of existing task statements.

One area of note: On CPA Exam, typically examiners will use the phrases, "Year 1" and "Year 2" whenever possible rather than specifying a specific year. However, for areas that correspond to the Tax Cuts and Jobs Act (TCJA) and have date-specific implementation, the dates will be explicitly stated. For example, you will see actual dates (such as, "2018" and "2019", rather than "Year 1" and "Year 2") in the facts for questions that relate to the deductibility of alimony since this concept depends on when the divorce decree was signed. Recall, if a divorce decree was signed on or before December 31, 2018, alimony payments are deductible. Post-2019, these payments are no longer deductible. 

Financial Accounting and Reporting (FAR) 

Again, FAR is stable with no major changes to the AICPA blueprints. However, that does not mean that there will not be content updates that are the result of new pronouncements or changes in the accounting guidance.

Business Environments & Concepts (BEC)

IT had a makeover! It now is structured to focus on:

  • IT fundamentals [content group A]
  • Risks of IT [content group B],
  • Controls that respond to the risks of IT [content group C].
In this update, representative tasks got jumbled and split up. But, the scope has not really changed. The current Yaeger CPA Review content will prepare you appropriately for this topic and we will be going through and updating it to match the new flow.
Audit (AUD)

Once again no scope increase, just a clarification of what's already being tested. It now more clearly talks about data analytics from the auditor's perspective (where BEC focuses on data analytics from the manager's perspective). Be prepared to see task based simulations (TBSs) that require the candidate to interpret and analyze charts and graphs provided as exhibits. 

Don't forget, AUD will be testing critical audit matters (CAMs) in Q3 2019 (starting on July 1). 

As always, #teamyaeger will be working to make sure that our material fully integrates the blueprints. If you haven't already downloaded the blueprints, head over to the AICPA's website and download your own copy.

Tags: cpa exam blueprints, AICPA, CPA Exam Changes, 2019 CPA Exam

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