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On January 1, 2010, a new law, AB 138 (Chapter 312 of 2009), [5] took effect in California requiring all accounting firms providing accounting and auditing services to undergo a mandatory peer review. A peer review is a study of a firm's accounting and auditing work, performed by an unaffiliated CPA following professional standards.
In order to sit for the Uniform CPA Exam, a person must be declared eligible to do so by one of the 55 state boards of accountancy in the United States. Requirements of state boards vary, but almost always include a U.S. bachelor's degree and a certain amount of accounting course credits.
Remember that it’s not just about the 16 hours you’ll sit for the test but also understanding what you’ll be tested on and ways to manage your time before and on exam day.
Becker is rated by Investopedia as the Best Overall CPA Review course. [4] In addition to its CPA Exam Review, Becker also offers exam preparation for the international accounting credential Certified Management Accountant (CMA). [5] Becker also provides continuing professional education (CPE) for CPA’s, CMAs, unlicensed tax preparers ...
State boards of accountancy are responsible for assessing eligibility of candidates to sit for the CPA examination. Boards are also the final authority on communicating exam results received from NASBA to candidates. The AICPA is responsible for setting and scoring the examination, and transmitting scores to NASBA.
In 2022, the AICPA and the National Association of State Boards Accountancy announced that a new Uniform CPA exam would be released in 2024 as part of the CPA Evolution initiative. [ 29 ] [ 30 ] The new exam is based on a “Core + Discipline” model and will include core testing in accounting, auditing, and tax, as well as three Discipline ...
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