How to Prepare For Certified Public Accountant (CPA) Exam
Preparation Guide for Certified Public Accountant (CPA) Exam
Introduction
For practitioners aspiring to become CPAs, the Standardized Certified Public Accountant test is a credentialing exam. The CPA exam tests are graded and governed by the American Institute of Certified Public Accountants (AICPA) and by the National Association of State Accountancy Boards (NASBA).
The American Institute of Certified Public Accountants (AICPA) is the United States' national professional association of Certified Public Accountants (CPAs), with more than 418,000 members in business and industry, public practice, government, education, student affiliates, and foreign associates in 143 countries. Established in 1887, the association sets ethical guidelines for audits of private businesses, non-profit organizations, federal, state, and local governments for the profession and U.S. auditing standards. It also establishes the Standardized CPA Test and rates it. The AICPA has offices in New York City; Durham, NC; Washington DC; and Ewing, NJ.
This exam guide is intended to get you to know about the exam details and help you to prepare for the Certified Public Accountant (CPA) Exam successfully. This guide includes information on the certification test target audience, recommended preparation and documentation, and a full list of exam targets, all to help you obtain a passing grade. To increase your chances of passing the test, AICPA strongly recommends a mix of on-the-job experience, a study of CPA exam dumps, course attendance, and self-study.
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Difficulty in Writing Certified Public Accountant (CPA) Exam
In the accounting industry, any aspiring accountant who wants to sit for the CPA Exam must have significant post-secondary education. For most test managers, a bachelor's degree from an accredited institution used to be enough.
However, today's developments in accounting technology and new compliance laws mean that in addition to 30 hours of graduate education, the AICPA has changed the educational requirement to include 120 semester hours in a bachelor's degree accounting program. In most US nations, these standards are implemented. As a result, a master's degree in the field or a similar industry is required for most aspiring accountants wanting to take this exam.
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CPA AA Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Audit Framework and Regulation | - Concept of audit and other assurance engagements - External audit and regulatory environment - Professional ethics - Corporate governance |
| Planning and Risk Assessment | - Assessing audit risks - Obtaining and accepting audit engagements - Audit planning and documentation - Understanding the entity and its environment |
| Employability and Technology Skills | - Presentation of information and responses - Use of computer technology in the exam and workplace |
| Review and Reporting | - Subsequent events - Written representations - Going concern evaluation - Audit finalisation and auditor's report |
| Audit Evidence | - Audit procedures and sampling - Work of others (experts, internal auditors) - Financial statement assertions and audit evidence - Audit of specific items |
| Internal Control | - Internal control systems - Tests of control - Evaluation of control systems - Internal audit role |



