aicpa logoNEW YORK -- The American Institute of CPAs, National Association of State Boards of Accountancy, and Prometric have launched a new Uniform CPA Examination, called CBT-e. The exam for the first time includes questions about International Financial Reporting Standards. Along with other changes, it is the first time there have been major revisions to the test since it was computerized in 2004. The changes are expected to enable tests results to be reported more quickly.

The exam places more emphasis on skills assessment using case study-based questions known as Task-Based Simulations, according to a prepared statement from the AICPA.  Authoritative literature in the CPA exam incorporates use of new Financial Accounting Standards Board codifications of U.S. Generally Accepted Accounting Principles. Professional responsibilities including ethics and independence have been added to the Auditing and Attestation section.

The CPA exam is administered in 54 jurisdictions nationally. It will be administered internationally for the first time in 2011 in Japan, Bahrain, Kuwait, Lebanon and the United Arab Emirates.

The exam incorporates changes such as a new calculator, literature search, research response, and spreadsheet tools. IFRS questions will center primarily on differences between U.S. GAAP and IFRS.

A guide to CBT-e is available on line at

Last modified on Sunday, 02 June 2013
Read 3225 times
Rate this item
(0 votes)

Visit other PMG Sites:

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline