CPA Exam Review News Blog

Every CPA Should Make a "To Don't" List

Posted by Dr. Phil Yaeger on May 23, 2018 11:29:44 AM

Everyone has heard and most of us regularly keep a "To Do" list. Their detailed tasks sit line by line on folded up sheets of paper in pockets and in the notes sections of our phones. We cross them off and in doing so, feel a sense of accomplishment. One thing we don't give ourselves credit for is the very thing which gets in the way of crossing more of those "To Do" items off.

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Tags: accounting career, 2018 CPA Exam, CPA Productivity, CPA Exam Prep

Changes to Audit Reports on the CPA Exam in 2018

Posted by Dr. Phil Yaeger on May 1, 2018 2:05:34 PM

As a CPA, you will most likely be participating in many audits. Whether it involves performing the audit work, supervising the audit work, or reporting on the results of audit work. An essential part of the reporting of the results is writing the audit report, which provides an accounting firm’s opinion on whether the financial statements are prepared in accordance with Generally Accepted Accounting Principles (GAAP).

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Tags: 2018 CPA Exam

SOC 2 Reports Eligible for Testing on the CPA Exam in Q4 2018

Posted by Dr. Phil Yaeger on Apr 20, 2018 8:26:53 AM

As a CPA, you may be called upon to examine, test, and report on the controls for various types of organizations. Most of the time, you will be dealing with controls that encompass internal operations. However, because of the integrated nature of business operations, a business may work with outside organizations to process transactions. So, the concern is not just that the controls of the company are working for are secure and keeping your data safe, but that the data sent to and from outside service providers is secure.

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Tags: 2018 CPA Exam

How to Launch From Busy Season Into Studying for the CPA Exam

Posted by Dr. Phil Yaeger on Apr 18, 2018 1:10:09 PM

Say goodbye to the 2018 Tax Season and hello to studying for the CPA Exam!

First off, take a breather! You undoubtedly deserve a little rest, but make sure it doesn't last too long. Coming off busy season is a great time to transition into studying to get your CPA!

You are already being highly productive and maintaining a rigorous schedule, so you might as well keep it rolling. Obviously, you can cut out some of the habits which are not healthy. Re-institute time for exercise and friends, and get back some of the sleep you may have sacrificed -- but don't lose your stride. Those who competed in the Boston Marathon earlier this week are going to rest a little bit, but they aren't going to stop training! They already have their eyes on the next race and future goals.

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Tags: accounting career, 2018 CPA Exam, CPA Exam Requirements, CPA Exam Prep

COSO ERM Changes CPA Candidates Need To Know

Posted by Dr. Phil Yaeger on Feb 27, 2018 11:02:00 AM

In September of 2017, The Committee of Sponsoring Organizations of the Treadway Commission (COSO) released the ERM Framework: Enterprise Risk Management-Integrating with Strategy and Performance. The new release, the first since 2004, stresses the use and the importance of enterprise risk management in the strategic planning process, while also emphasizing the importance of incorporating ERM (Enterprise Risk Management) through all parts of an organization.

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Tags: 2018 CPA Exam, CPA Exam Changes

Study Tips for the CPA Exam

Posted by Dr. Phil Yaeger on Feb 14, 2018 5:58:01 PM

In January, the AICPA announced the dates when scores will be released for those who have taken the CPA Exam. You can check the dates here. This should help your preparation for the CPA Exam as you can see when the exams results will be released, you can minimize the time you have to wait for the results, and see whether you need to start studying again.

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Tags: 2018 CPA Exam, CPA Review Tips

Fresh Look Coming to CPA Exam in April 2018 [Q2 2018]

Posted by Dr. Phil Yaeger on Jan 26, 2018 3:05:38 PM

Accountants live in a world of constant change. Whether it is changing demands in our companies, changes to government regulations, or changes in technology, we are consistently adapting to new rules and practices in order to better serve our clients.

The AICPA announced this month that they will be introducing new technology that they hope will enhance the testing experience for CPA candidates. A year after refreshing the content in the exam to more closely match the type of work a newly licensed CPA would perform, new software for the CPA exam will be introduced on April 1, 2018. Let’s take a look through some of the changes and how it will affect you as a CPA exam participant.

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Tags: 2018 CPA Exam, 2018 CPA Exam, CPA Exam Changes

5 Qualities of Great CPA Students

Posted by Dr. Phil Yaeger on Jan 22, 2018 1:52:40 PM

The changes to the 2017 CPA Exam brought about challenges and adversity. The new structure aims to help new accountants apply their knowledge to the modern professional world, but the shakeup has left CPA students to navigate a new frontier. Being among the first wave was a difficult task for many.

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Tags: accounting career, 2018 CPA Exam, 2018 CPA Exam, CPA Exam Changes, CPA Exam Requirements, CPA News

A Field Guide to Busy Season, Studying for the CPA Exam, and Staying Sane

Posted by Dr. Phil Yaeger on Jan 4, 2018 1:29:16 PM

Being a CPA is only one part of your life - most look forward to raising families, having friends, and trying to find personal and professional fulfillment at the same time. Doing all of this during and dedicating a large portion of your life studying for the exam is daunting, but very possible.

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Tags: 2018 CPA Exam, 2018 CPA Exam, CPA Exam Changes, AICPA, Accounting Career Advice

2018, The Year You Get Your CPA?

Posted by Dr. Phil Yaeger on Jan 1, 2018 6:34:58 PM

The Holidays are officially over and now we have a fresh year to work with. The beginning of the year can be a little intimidating with all the ideas and talk of goals. People usually want to improve situations with their health, money, family, and work. For many of you, a large goal for 2018 is to get your CPA. The hard part about many goals is the thoughts in our head of “will this work?” and “is this actually the year it'll happen?”. Whether you're dreaming big or staying practical, there is risk associated with asking more of yourself. Goals mean admitting you are not where you would like to be and want to challenge yourself to get there. Goals mean you care. Goals, however, are not guarantees.

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Tags: 2018 CPA Exam, 2018 CPA Exam, CPA Exam Changes, Accounting Career Advice, AICPA, CPA Career, CPA Exam Tips