CPA Examination

CPA Examination

CPAExamination

CPAExamination

Questiona

Educationalrequirements for sitting CPA exams varies from one state to anotherin U.S. Each of the states in the U.S has the ‘state board ofaccountancy’ that is tasked to license the certified publicaccountants (CPAs) that practice in that particular state(MastracchioJr, 2008).For instance, in Washington, the CPA exam educational requirementsinclude 150 semester hours, a minimum of bachelor’s degree(Baccalaureate), 24 hours in the business subjects, and that theeducational requirements must be met not later than 210 daysfollowing the date that the CPA applicant sat for the first sectionof the exam.

Questionb

TheBoard of Accountancy, Washington State in collaboration with AICPAand NASBA have placed the following work experiences for anyone thatwishes to sit for the CPA exam the experience must be obtainedthrough the practice of the public accounting or employment in theindustry or government, the work experience must indicate that itoccurred in the work environment and that it included the tasks thatare sufficient to obtain competences such as a minimum of twelvemonths in total, a minimum of 2,000 hours in total, provision of theopportunity to utilize skills used in the accounting, business andauditing, be verified by the licensed CPA that holds the valid CPAlicense to practice the public accounting in the US jurisdiction witha minimum of 5 years, and be obtained no more than 8 years prior tothe date that the board receives the complete license application(Soo,2014).

Questionc

Thefrequently asked questions for CPA exams in Washington includegeneral questions such as what is the aim of the CPA examination, howdo the candidates commence the application process, and among others,the examination structure, content, and delivery, exam software,application process for the examination, eligibility requirements,test centers, examination credit, scoring, candidate performance, andappeal process and score review.

Questiond

TheElijah Watt Sells Awards are the kind of awards that are bestowedupon the candidates that have obtained the cumulative mean scoreabove 95.50 across all the four sections of the Uniform CPA Exams.The Elijah Watt Sells Award program was founded by AICPA in the 1923in order to recognize the outstanding performance on the CPAexaminations. The Award was named after Elijah Watt Sells who was oneof the country’s first CPAs. He was actively involved in theestablishment of the AICPA and played a leading role to advance theprofessional education in the CPA profession.

Questione

Themost recent Uniform Passing Rates for 2015 areindicated in the table below

Section

First Quarter

Second Quarter

Third Quarter

Fourth Quarter

Cumulative

AUD

44.56%

49.21%

47.03%

BEC

53.41%

57.55%

55.63%

FAR

44.14%

48.90%

46.58%

REG

47.94%

50.99%

49.58%

AUD-Regulation

BEC-BusinessEnvironments and Concepts

FAR-FinancialAccounting and Reporting

AUD-Auditingand Attestation

References

MastracchioJr, N. J. (2008). The role of NASBA and state boards in accountingeducation. TheCPA Journal,78(3),64.

Soo,B. S. (2014). Guideto Meeting Certified Public Accountant (CPA) Requirements at(Doctoral dissertation, Boston College).