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ALL ABOUT CPA-REG EXAM
The CPA-REG (Regulation) exam tests the
understanding level of the candidate at legal
matters in a business context and taxation at a
federal level. The REG CPA exam covers the topics
of business law and federal taxation. Lets go
through the complete details of the CPA
regulation exam structure. CPA-REG Exam Topic
Areas The REG section is a 4-hour long exam. It
includes below topics
Content Area Allocation
Business Law 10 to 20
Professional Ethics and Federal Tax Procedures 10 to 20
Federal Individual Taxation 15 to 25
Property Transaction Taxation 12 to 22
Entity Taxation 28 to 38
Business Law It covers debt transactions,
contracts, and commercial regulations. Besides,
some concepts, like business structure and
Uniform Commercial Code (UCC). Professional
Ethics and Federal Tax Procedures These topics
cover professional liability, independence, and
professional conduct.
2
Federal Individual Taxation It includes all
the income tax topics such as exemptions,
deductions, profits, losses, carrybacks,
carryforwards and everything related to 1040 form
and its structure. Property Transaction
Taxation The differences between the taxation of
an individual and the taxation of business will
be tested with few subjects like gross income
inclusion, alternative minimum tax (AMT) and
taxation of transactions involving assets and
property. Entity Taxation It covers all the
legal entities, and the methods they are taxed
like corporations, tax vehicles, trusts, sole
proprietorships and partnerships. It can be drawn
from IRC local state boards, and other regulatory
agencies. CPA-REG Exam Structure and
Format The CPA Regulation exam contains five
different testlets. The first two testlets
consist of 38 MCQs each. Then there will be a
15-minute break. After you come back from break,
there will be three more testlets consisting of
task-based simulations.
Question Type No of Questions
Multiple-Choice Questions (MCQs) 76 (3838)
Task-Based Simulations 8 (233)
Written Communication 0
Regulation Section Format
Testlets No of Questions
1 38 MCQs (Multiple-Choice Questions)
3
2 38 MCQs (Multiple-Choice Questions)
3 2 TBS (Task-Based Simulations)
4 3 TBS (Task-Based Simulations)
5 3 TBS (Task-Based Simulations)
Conclusion The REG part of the CPA exam is
mostly all about taxation related topics. It is
essential that you study all the topics
thoroughly and keep having a constant revision
of everything that you cover. Given in this
article is a complete overview of the REG part
of the CPA exam, the details, the topics covered
and also the exam format. Hope this turns out to
be helpful for the exam preparation. In case you
have any other queries you may comment
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