Examination Content

1
Examination Content
2
The Examination

• Four exam sections
• Auditing Attestation (4.5 hours)
• Financial Accounting Reporting (4 hours)
• Regulation (3 hours)
• Business Environment Concepts (2.5 hours)
• 14 hour total length

3
Auditing Attestation

• Auditing Procedures
• Generally Accepted Auditing Standards
• Other Standards Related to Attest Engagements
• Skills Needed to Apply That Knowledge

4
Financial Accounting Reporting

• Generally Accepted Accounting Principles for
• business enterprises
• not-for-profit organizations
• government entities
• Skills Needed to Apply That Knowledge

5
Regulation

• Federal Taxation
• Ethics
• Professional and Legal Responsibilities
• Business Law
• Skills Needed to Apply That Knowledge.

6
Business Environment Concepts

• Business Structures
• Economic Concepts
• Financial Management
• Information Technology
• Planning and Measurement

7
Exam Content Differences

• Paper-Pencil Based
• Auditing 100
• Financial Accounting Reporting
• Business Enterprises 100
• Accounting Reporting
• Taxation 60
• Gov/NPO 30
• Managerial Acct 10
• LPR
• Business Structures 20
• Other 80

• Computer Based
• Audit Attest 100
• Financial Accounting Reporting
• Business Enterprises 80
• Governmental 10
• Not-For-Profits 10
• Regulation
• Taxation 60
• Law Professional Responsibilities 40
• Business Environment
• Business Structures 20
• Managerial Accounting 10
• New Areas 70

8
Transitioning
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Transitioning from Paper Pencil

• Most states adopted the Conditioning
  Transitioning standards model.
• Same amount of time, or number of opportunities,
  as you would have had under paper pencil (PP)
  exam.
• Example If a PP candidate has 2 years and 4
  opportunities remaining, both will transition to
  the computerized exam.
• Contact your state board to confirm.

10
Advice for Transition Candidates

• Determine your completion strategy
• based on time / number of attempts remaining
• Contact state board if you have not received a
  notice with requirements to complete
• Dont delay - missed testing opportunities/time
  cannot be recouped.

11
Helpful Hints

• Some review courses suggest the following order
• Audit Attest
• Financial Accounting Reporting
• Regulation
• Business Environment Concepts
• Schedule study for 2 sections at a time
• Take 2 sections in each of the first 2 testing
  windows - pass all sections in 6 months