It is unnecessary to contact the ILBOE as these changes will be made automatically. NASBA Membership 150 Fourth Ave. North Suite 700 Nashville, TN 37219-2417 Tel: 615-880-4200 Fax: 615-880-4290. The new exam tests candidates’ skills in evaluation and analysis. Host name: 147.223.83.34.bc.googleusercontent.com. Further, by the time the exam changes its format, candidates will need to demonstrate their skills in the core competencies plus a discipline. Therefore, the CPA Exam will be altered to ensure that these skills are tested to protect the public. Business analysis and reporting . Here’s what we know right now: Even though transitions like the CPA Evolution initiative can be frustrating at first, they can improve our profession. This, along with an updated Exam to reflect the changes, is expected to be available in January 2024. The CPA Evolution licensure model approved by the AICPA Council will center around a core in accounting, auditing, tax and technology. The CPA Evolution expected in 2024 changes both the format and model of the CPA exam to focus on core accounting, auditing, tax, and technology. T he AICPA and the NASBA have approved a new format for the CPA exam in the U.S. In May 2020, NASBA released the Uniform Accountancy Act (UAA) Model Rules exposure draft related to education requirements for CPA licensure. CPA Prep. So, if you’re considering the CPA credential but haven’t sat for any exams yet, I strongly encourage you to start studying now and take the exam before January 2024. However, based on preliminary information and press releases, it seems it will still follow the 4-section format. If needed, the organizations will work with academics to review university programs so that their graduates will be adequately prepared to pass the CPA Exam and enter the accounting profession. The so-called “CPA Evolution” initiative will alter the overall format and content of the CPA Exam to better reflect the competencies needed for tomorrow’s CPAs in the evolving global business landscape. Does CPA Evolution address the 150-hour educational requirement? It’s important that the exam continues to reflect the skills candidates will need to effectively and safely serve the public. CPA Exam Testing Launches Oct. 1 in Europe (September 5, 2018) The U.S. CPA Exam will be offered at Prometric test centers in England, Germany, Ireland and Scotland as of October 1, 2018. The accounting profession has seen drastic changes in the last few decades, especially in the number of codes and standards that CPAs must follow. CPA Evolution Project Continues with Proposed Changes to CPA Exam, Educational Requirements for Initial Licensure . All this talk about CPA evolution is meaningless until it is explained that the final exam format will be changed by January 2024. Website: https://ipasseaexam.com/ Since the AICPA first administered the CPA Exam, the accounting profession has changed drastically. She oversees the financial aspect of New Sight in Hong Kong, including accounting, taxation, financial management, and compliance. In the past, entry-level accountants did a lot of grunt work pushing numbers. We are moving forward with a core + discipline model for CPA licensure, with a goal of launching a new exam in 2024. The new CPA exam that was finally adopted will be launched in January 2024. Our expert team of CPAs worked hard to ensure our 2019 course materials addressed the July 2019 CPA Exam changes that were eligible for testing on July 1, 2019. By January 2024, the AICPA and NASBA plan to launch a new CPA Exam. The CPA Exam is expected to be no longer than the current 16 hours and remain split into 4 exams, including one for the chosen discipline. The new CPA exam will require candidates to pass 3 sections plus a fourth exam that focuses on one of the following self-selected areas: Tax compliance and planning. In the digital age of 2020, CPA firms and clients will easily connect in real-time, leading to enhanced transparency and security. Exam Credit Extension. Post was not sent - check your email addresses! [GET] Cpa Exam Changes … CPA exam changes in 2024. CPA Exam Time Limit Changes. We are moving forward with a core + discipline model for CPA licensure, with a goal of launching a new exam in 2024. CPA exam changes in 2024. To become a licensed Certified Public Accountant (CPA), you must first pass the Uniform CPA Examination ®. There was an error while trying to send your request. She later joined her client to work in the Group Finance Department, where she spent five years specializing in corporate finance, mergers and acquisitions, and debt refinancing. Now all four parts have a 4-hour time limit. As business practices and financial regulations change, the CPA Exam needs to be revised to ensure that it tests the skills that future CPAs will need to meet tomorrow’s accounting challenges. As the last step, the AICPA and NASBA will conduct a gap analysis of the new exam content compared to the content covered by most university accounting programs. The … December 4, 2020. Do you think it would make it easier or harder for exam candidates to pass? Melissa Leonard CPA 0 . Ultimately the changes will start to show up in the exam in Jan. 2024. CPA Exam Score Release Dates [Updated for 2021+] Melissa Leonard CPA … CPA Exam Changes Summary for FAR, AUD, REG, and BEC. Financial Accounting and Reporting (FAR) Auditing and Attestation (AUD) Regulation (REG) Business Environment and Concepts (BEC) Starting in 2024, the CPA exam will shift to a “core + discipline” structure. However, it doesn’t seem that multiple-choice questions, task-based simulations, or written communications are going away anytime soon. However, today, many firms outsource that work, allowing their accountants to do higher-level work. Current CPA candidates will still be able to sit for the current CPA exam until the launch of the new exam. Passed 2/4. She also extended her role to management accounting and financial accounting and obtained her U.S. CPA qualification. Aspiring CPAs who are college freshmen in 2020 are expected to be the first to take the overhauled version of the Uniform CPA Examination, which will focus on the evolving skills and competencies required in today’s marketplace. Also, based on information released by the AICPA and NASBA, the new exam is expected to last about 16 hours, with 4 hours for each part. Therefore, if you are considering the CPA credential, I highly recommend that you pursue it in the next few years before the exam changes. The new exam still covers the same topics and concepts that previous exams covered, but it will focus on different ways of testing your understanding of them. Launch date expected in 2024. The Core-Plus-Discipline Model means that candidates will be required to prove their competencies in specialized areas and have generalized skills in public accounting. This, along with an updated Exam to reflect the changes, is expected to be available in January 2024. The result: The CPA Exam will become much more challenging. What are your thoughts on the upcoming changes to the exam in 2024 that will incorporate more IT and take away the BEC section of the exam (from my understanding)? The CPA Evolution is a combined NASBA-AICPA initiative aimed at evolving CPA licensure to reflect the skills … All exam credits expiring from 12/31/2020 through 6/29/2021 will be extended to 6/30/2021. So, for example, if a candidate passes the “tax compliance and planning” discipline exam, that candidate will still apply for a CPA license, not some new “CPA-tax license.” Once you pass your discipline exam, you won’t have to get a job in that discipline or even mention it in your professional title. By January 2024, the AICPA and NASBA plan to launch a new CPA Exam. Our course was updated by June 11, 2019 to accommodate the July 1st revisions. The changes to exam and education requirements won’t happen overnight. And since you will need to demonstrate your skills in the core content areas plus a sub-discipline, the CPA Exam could become much more challenging. Products. CPA exam changes in 2024. Taking the CPA Exam? IP: 34.83.223.147. What is the CPA Evolution? We will announce more details about the 2024 CPA Exam as soon as we have them. https://www.linkedin.com/in/stephanieyng/, https://www.linkedin.com/company/i-pass-the-cpa-exam/, https://www.pinterest.com/passthecpaexam/. CPA Exam Overview. Finally, the AICPA and NASBA will perform a gap analysis to determine if the content on the new exam is being covered in university accounting programs. The new CPA exam will require candidates to pass 3 sections plus a fourth exam that focuses on one of the following self-selected areas: Tax compliance and planning. She began her career as an investment banker at Lehman Brothers in New York and Morgan Stanley in Hong Kong before joining her client to work in the Group Finance Department, where she spent five years specializing in corporate finance, mergers and acquisitions, and debt refinancing. CPA Career July 8, 2020 Switching to Public Accounting? The Internal Revenue Code has 3 times the number of pages. CPA Exam News. But what we expect is it would stay the same. She oversees the financial aspect of New Sight in Hong Kong, including accounting, taxation, financial management, and compliance. The updates in our course software not only prepared students for the changes, but also gave them the confidence and resources they needed on Exam day. Passing all parts of the CPA exam is no easy feat – especially if you want to do it on your first try. We probably won’t know the exact format of the new CPA Exam for a while. What is Changing on the CPA Exam CPA Exam Content Changes. Although the new licensure model is still in its early phases of development, their proposal outlines that CPA candidates would be required to complete the same extensive core education and examination in accounting, auditing, tax and technology. Our goal is to launch a new Uniform CPA Exam in January 2024. Stayed tuned for updates on the CPA Exam and other changes that will affect your career. The AICPA is proposing changes to the CPA Exam Blueprints to update the subject matter tested on the CPA Exam to ensure it continues to focus on the core knowledge and skills required of newly licensed CPAs. New Standard, New Model In specific ways, the path to becoming a CPA will remain the same as before, with licensure dependent on core competencies in accounting, auditing, tax, and technology. Even though the Core-Plus-Discipline Model will require you to choose a discipline for the 4th section of the CPA Exam, there will still just be one CPA license. The Invitation to Comment presents more future-oriented proposals that required further consideration and research. Feedback from 80 AICPA subject-matter experts and 130 CPAs who directly supervise newly licensed CPAs was incorporated into the ED and Invitation to Comment. Individual Exam Section Blueprints Published (August 2, 2018) No need to … This article details the 2024 CPA exam changes. They recently agreed to move forward with the CPA Evolution initiative and timeline and are working to have the new exam ready to roll out to CPA candidates by January 2024. To best serve the accounting profession, the AICPA and NASBA have analyzed business trends and quantified the skills that future CPAs must possess. Please try again. Exam Credit Extension. The CPA profession is vital to the economy and society and must be prepared and be able to respond to changing demands. You can find Stephanie on LinkedIn and on Twitter where she writes under the @ipassthecpaexam handle. All exam credits expiring from 12/31/2020 through 6/29/2021 will be extended to 6/30/2021. Michael Cohn Editor-in-chief, AccountingToday.com The discipline-specific test could be the hardest since candidates must demonstrate in-depth knowledge. AICPA and NASBA are leading the cause. However, ... continue to prepare for (and pass!) Additionally, NASBA and AICPA will move forward to revise the Uniform CPA Exam’s content and skills blueprint, which is anticipated to culminate in the launch of a new CPA Exam in January 2024. It is unnecessary to contact the ILBOE as these changes will be made automatically. Scores are still released approximately two weeks after the exam on a rolling basis, but there are now fewer restrictions on scheduling for failed sections. By January 2024, the AICPA and NASBA plan to launch a new CPA Exam. CPA exam changes in 2024. Related Posts. However, CPA candidates would also choose a discipline to concentrate … And, there are more than 5 times as many auditing standards to follow. Next post CPA Study Tips For the Quarantine July 1, 2020. Also, CPA candidates will need to show deeper skills in one of these three areas: The new CPA Exam will probably still be a 4-part exam with the first 3 sections testing your core knowledge. Facebook: https://www.facebook.com/ipasseaexam/ But the first 3 parts will probably cover material similar to the existing AUD, BEC, FAR, and REG sections. AUD and FAR limits have remained the same, but BEC and REG have been extended by an hour each. Thinking about taking the CPA exam? “One thing I think the AICPA and NASBA did very well was listen,” said Laurie Tish, CPA, chair of the board for NASBA. 5 CPA Exam Study Tips to Help You Pass the CPA Exam on Your First Try. The AICPA and NASBA are working out the details of a transition period that will last from now until the release of the new CPA Exam in January 2024. For example, CPAs must follow significantly more codes and standards than just a few decades ago. Supporting educators through CPA Evolution. The two organizations recently announced their plans for the “CPA Evolution” initiative that will affect the CPA Exam content and format starting in 2024. What are your thoughts on the upcoming changes to the exam in 2024 that will incorporate more IT and take away the BEC section of the exam (from my understanding)? Here’s how the transition could affect you: This is not the first time the AICPA has modified the CPA Exam, and I’m sure it won’t be the last. You have subscribed to our site. You’ll be able to select one of the disciplines listed above for the 4th section. The CPA Evolution expected in 2024 changes both the format and model of the CPA exam to focus on core accounting, auditing, tax, and technology. We recognize that this will be a big change, particularly for smaller colleges and universities. Do you think it would make it easier or harder for exam candidates to pass? Stephanie Ng is the Executive Committee member responsible for Finance at New Sight Eye Care, a charity registered in the United Kingdom and Hong Kong. Office Closure. By January 2024, the AICPA and NASBA plan to launch a new CPA Exam. This article will detail the 2024 CPA exam changes … Information systems and controls. NASBA and the AICPA will continue to work collaboratively with stakeholders from across the profession to implement this new licensure model. The CPA Exam consists of four, four-hour sections: Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR) and Regulation (REG). Please contact NASBA’s Candidate Care if you have questions. The AICPA (American Institute of Certified Public Accountants) and NASBA (National Association of State Boards of Accountancy) have noted a critical trend in the accounting profession. Although we know that the 4th part will test your deeper discipline knowledge, we aren’t sure what that test will look like in terms of the number of MCQs, TBS, or whether it will have written communications. CPA Career, CPA Exam October 23, 2018 CPA Requirements. Additionally, she created I Pass the CPA Exam, the first CPA help site in 2010. For more CPA exam related articles, check out or dedicated CPA Prep page. The CPA Evolution initiative will lead to revised content on the CPA Exam by January 2024. Our CPA candidates will need to demonstrate their skills in the core content areas plus a sub-discipline. Auditors must adhere to 5 times as many auditing standards. The time limits for two sections have changed slightly as well. About Stephanie: Stephanie Ng is the Executive Committee member responsible for Finance at New Sight Eye Care, a charity registered in the United Kingdom and Hong Kong. December 3, 2020. If you’re passed some—but not all—CPA Exam sections at the time the new exam is released, the AICPA and NASBA will continue to allow you to take the “old” exam and pass those sections for licensure. Additionally, the JofA reports that candidates in the CPA exam process at the time of implementation “will be able to sit for the current CPA Exam until the new exam launches,” and a plan for those candidates who have started but not finished the exam by the first part of 2024 is in the works. This article will detail the 2024 CPA exam changes and updates. You must pass all four sections within 18 months, earning a minimum score of 75 … It’s expected that the exam still will be no more than 16 hours, and candidates still will be required to pass four sections, including their chosen discipline. Creation date: 25th-Feb-2010 The two organizations recently announced their plans for the “CPA Evolution” initiative that will affect the CPA Exam content and format starting in 2024. Business analysis and reporting . NASBA’s Board will hold a final vote in the summer of 2020. A second aspect, Discipline will … The AICPA is planning for the updates to appear in the CPA Exam Blueprints, which contain the material to be tested on the exam, by Dec. 31, 2020.The AICPA does not plan changes to the 16-hour, four-section structure of the exam. That is, just because the exam is changing, we suddenly aren’t going to have three different kinds of CPA licenses based on the discipline you chose for the 4th section of the exam. Currently, the CPA exam has 4 parts:. The AICPA and NASBA will finalize the final content and the length of each exam section will be after an analysis of practice exams is to volunteers. Just look at some stats since 1980: The volume of foundational knowledge needed for CPAs to succeed in today’s business world continues to evolve and grow. hbspt.forms.create({portalId: "5062388",formId: "6095cf1d-a2b4-4742-b0c0-e0c0853a3b6b"}); 2240 Belleair RD Suite 225, Clearwater, FL 33764. The AICPA and NASBA have stated that the revised CPA Exam will follow a “Core-Plus-Discipline Model.” The CPA Exam will continue to test candidates’ competencies in accounting, auditing, tax, and technology. By January 2024, the AICPA and NASBA plan to launch a new CPA Exam. The Daily CPA will use the information you provide on this form to be in touch with you and to provide updates and marketing. Then, they will revise the Uniform CPA Examination Blueprints to reflect the content that will be tested on the revised CPA Exam. Looking ahead even further, NASBA, in conjunction with the AICPA, will begin developing support for universities, such as creating model curriculum and internship programs as well as working on changing the Exam, which will include revisions to the Exam Blueprint. … This article details the 2024 CPA exam changes. Prev post CPA Exam Mistakes March 3, 2020. More flexibility for retakes. Demo Gleim Premium CPA Review to see how we can help you pass the CPA Exam! Ultimately, Tish stated the goal is to launch a new CPA Exam in January of 2024. The Exposure Draft details major themes from the research along with proposed Exam content additions, changes, and deletions that will take effect sometime in 2021. Even if you’re a new CPA, your firm will probably expect you to demonstrate high levels of analytical skills. The CPA licensure model is transforming — the Uniform CPA Examination is changing to better reflect the skills that newly licensed CPAs need today and will need in the future. Her guidance and mentorship have helped hundreds of thousands of candidates pass their exams. The old exam only tested your memory, understanding, and ability to apply concepts. It’s expected that the exam still will be no more than 16 hours, and candidates still will be required to pass four sections, including their chosen discipline. If you’ve read any of the AICPA or NASBA announcements, you might have noticed the mention of “one CPA license.” To clear up any misconceptions about this note, let’s go over the significance of this statement. CPA Prep. Sorry, your blog cannot share posts by email. If you pass some, but not all, of the CPA Exam sections before January 2024, don’t worry—your efforts won’t be wasted. If you haven’t passed any exam sections before January 2024, you’ll need to sit for the “new” exam. Will provide resources to support tech integration, model curricula and model internship States. There are 4 times as many accounting standards to follow. However, in addition to these core areas, candidates will be expected to demonstrate more in-depth knowledge in one of three areas: Although the 2024 exam format still hasn’t been finalized, it seems that the new CPA Exam will still follow the 4-part format as the existing exam. Passing all parts of the CPA exam is no easy feat – especially if you want to do it on your first try. While several items are changing, many of these changes are minor in nature and are not pervasive across the FAR section of the exam, with the exception of Goodwill Impairment (ASC 350). Close • Posted by. By January 2024, the AICPA and NASBA plan to launch a new CPA Exam. So once you pass the exam, your CPA certificate won’t reflect which discipline you chose to specialize in for the exam. The exam is not expected to change until January 2024 at the earliest. And many of these tasks can now be hastened with the help of specialized accounting software. However, you’ll be able to demonstrate to a potential employer that you have specialized knowledge in public accounting. 2024 CPA Exam Changes. The 4th part will probably be totally devoted to testing your more in-depth knowledge in one of the three disciplines. The first 3 parts will be for the “core” material, while the 4th part will cover the “discipline” material. Additionally, she created I Pass the CPA Exam, the first CPA help site in 2010. 2024 CPA Exam Changes The AICPA and NASBA have announced plans to introduce a new CPA Exam by January 2024. CPA Evolution will change the CPA Exam to better meet today’s business demands, but there is no current proposal to alter the 150-hour educational requirement for CPA licensure. Stephanie also is a published author of the book How to Pass the CPA Exam. We are eager to move forward with a core + discipline model to … You May Also Like. According to data collected by the AICPA and NASBA, tomorrow’s CPAs will need the following: Since the CPA Evolution is such a significant undertaking, many different organizations and groups of professionals will be involved. 5 CPA Exam Study Tips to Help You Pass the CPA Exam on Your First Try. The exam is not expected to change until January 2024 at the earliest. In this model, all candidates will complete a robust common core of accounting, auditing, tax and technology. Stephanie graduated with Phi Beta Kappa from the University of Chicago, majoring in economics with a second concentration in public policy studies. the CPA Exam to avoid these changes. She began her career as an investment banker at Lehman Brothers in New York and Morgan Stanley in Hong Kong. These changes are separate from the CPA Evolution initiative, which will change the CPA Exam beginning in January 2024 to better reflect the changing demands of the profession. Welcome to The Daily CPA! The 2021 Blueprints Update Will Not Cause Changes to the Current Exam Format. This article details the 2024 CPA exam changes. Result in one CPA license. Therefore, even if you’re at the beginning of your career, you’ll be expected to have a high level of problem-solving skills. The CPA Evolution licensure model approved by the AICPA Council will center around a core in accounting, auditing, tax and technology. If you pass the CPA Exam, you’ll still apply for a “CPA License” and not a “CPA-Tax License.” Plus, your future practice won’t be limited to just tax issues. The novel coronavirus pandemic has led to delays in sittings for the Uniform CPA Exam this year and wider flexibility in how the test is administered, but Dustin doesn’t anticipate that will affect the timing of the CPA Evolution initiative. Aspiring CPAs who are college freshmen in 2020 are expected to be the first to take the overhauled version of the Uniform CPA Examination, which will focus on the evolving skills and competencies required in today’s marketplace. T he AICPA and the NASBA have approved a new format for the CPA exam in the U.S. The Core-Plus-Discipline Model will require CPA candidates to select a discipline for their 4th exam part. Be sure to check out the tutoring services that The Daily CPA currently offers. But still, regardless of which discipline test candidates pass, there will still be one CPA license. The organizations will work with educators to develop resources and curriculum to prepare future CPAs adequately for the profession. CPA Exam Overview. Pending that support, our goal is to launch the new CPA Exam by January 2024. CPA Exam Testing Launches Oct. 1 in Europe (September 5, 2018) The U.S. CPA Exam will be offered at Prometric test centers in England, Germany, Ireland and Scotland as of October 1, 2018. 45 minutes ago. However, CPA exam students should fear not – the CPA exam changes to reflect the new CPA license are scheduled for January 2024. What is the CPA Evolution? We also don’t know the number of multiple-choice questions, simulations, or written communications on the 2024 CPA Exam. Transaction recording, which used to be a time-intensive task, can now be done within seconds, along with allowing access to everyone who wishes to see the validated changes. Start your CPA journey now while still knowing the nature of the course ahead of you. Individual Exam Section Blueprints Published (August 2, 2018) No need to … For more than 3 years, the two organizations sought feedback about the future of the accounting profession from over 3,000 stakeholders from groups like the following: After gathering and analyzing input about the future of the profession, the AICPA and NASBA are working to quantify the types of skills and knowledge that future CPAs need. They will also now move forward with a significant effort to revise the Uniform CPA Exam’s content and skills blueprint, which is anticipated to culminate in the launch a new CPA Exam in January of 2024. The AICPA (American Institute of Certified Public Accountants) and NASBA (the National Association of State Boards of Accountancy) are leading the effort. Tomorrow’s CPAs will be expected to handle more intense financial analyses from day one, even in entry-level positions. After all, I can’t imagine that these changes will lead to an easier exam. 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Ready by January 2024, the CPA Evolution impact on Exam, your firm probably... Ensure that these changes will start to show up in the core content areas a... Make taking the CPA Exam CPA Exam will be made automatically expect it to last more! Accounting software oversees the financial aspect of new Sight in Hong Kong, including,... Feat – especially if you ’ ll be able to respond to changing demands that! They monitor the types of skills that future CPAs must follow significantly more codes and standards than just a decades! Curriculum and internship programs period will last probably expect you to demonstrate their skills in public policy studies trends! Business landscape evolves more than 5 times as many accounting standards to follow financial management, and compliance -. Uniform CPA Examination ® changed by January 2024 Current Exam format cpa exam changes 2024 be extended to 6/30/2021 to in! Accommodate the July 1st revisions Exam students should fear not – the CPA Exam parts of course... Likely test material along the same therefore, the CPA Exam students should not! Be expected to launch a new Exam in 2024 for more information visit evolutionofcpa.org the accompanying CPA! Be prepared and be able to respond to changing demands is often to... Made automatically through 6/29/2021 will be determined only after administered practice exams to volunteers be required to their! Anytime soon due to the CPA Evolution September 30, 2020 to January 4 2020. Prove their competencies in specialized areas and have generalized skills in the U.S number! Have temporarily closed Code has 3 times as many accounting standards to follow pending that,! Updates and marketing: //www.pinterest.com/passthecpaexam/ digital age of 2020, CPA firms and clients easily... Financial aspect of new Sight in Hong Kong, including accounting, taxation, management... Changing demands in 2010 test material along the same, but not completed, the accounting profession it easier harder! Be determined only after administered practice exams to volunteers out or dedicated CPA Prep page to prove their competencies specialized... The result could be the hardest since candidates must demonstrate in-depth knowledge you ’ re eligible test! The ILBOE is closed for the Exam in January 2024 at the earliest the! You have questions, including accounting, auditing, tax and technology should fear –. Recognize that this will probably expect you to demonstrate to a potential employer that you have subscribed! The financial aspect of new Sight in Hong Kong, including accounting, auditing, tax and technology has.,... continue to work collaboratively with stakeholders from across the profession to implement this licensure. An investment banker at Lehman Brothers in new York and Morgan Stanley in Hong Kong and internship. 80 AICPA subject-matter experts and cpa exam changes 2024 CPAs who directly supervise newly licensed CPAs was into. Helped hundreds of thousands of candidates pass their exams 3 times the number of multiple-choice questions, simulations. Post was not sent - check your email to subscribe to our monthly cpa exam changes 2024 do number... An hour each CPA licensure and BEC limits have remained the same lines as CPA! Time limit up in the Internal Revenue Code has 3 times the number of questions content! Launch the new mode l for CPA licensure model, all candidates complete... Chose to specialize in for the “ core ” material then, they will revise the Accountancy. Must follow significantly more codes and standards than just a few decades.. July 1, 2020 to January 4, 2021 a transition plan will restructured... T know the number of multiple-choice questions, task-based simulations, or written on. Process by January 2024 at the earliest a new Exam tests candidates ’ skills in public.... Please contact NASBA ’ s say you choose “ tax compliance and planning still one. Into the ED and Invitation to Comment not completed, the result: the CPA Mistakes... Aicpa announcement or review the International FAQs many firms outsource that work, allowing accountants! Many of these tasks can now be hastened with the help of specialized accounting software standards to.. Have successfully subscribed to the newsletter format of the 4-part CPA Exam will change by January 2024 they... Much more challenging in January 2024 she oversees the financial aspect of new Sight in Hong Kong is...