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What is the duration, language, and format of CPA Regulation Exam

  • Scoring weight: 50% MCQ's , 50% TBSs
  • Passing Score: 75 on scale of (0-99)
  • Language: English
  • Number of Questions: 84 Questions ( comprises of 76 MCQs, 8 Task Based Simulations)
  • Length of Examination: 4 hours.
  • Format of exam : Computer based exam .
  • Type of Questions: This test format is multiple-choice questions (MCQs) , task-based simulations (TBSs)

Reference: http://www.aicpa.org/BecomeACPA/CPAExam/ForCandidates/FAQ/Pages/computer_faqs_2.aspx

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How much CPA Regulation Exam Cost

Exam fees depend upon the jurisdiction where you choose to become licensed. You can find details by referring to your specific Board of Accountancy.

AICPA CPA-Regulation Exam Syllabus Topics:

SectionWeightObjectives
Business Law15-25%- Uniform Commercial Code (UCC) articles
- Agency relationships and authority
- Employment and federal business regulations
- Contract formation and performance
- Debtor-creditor relationships and bankruptcy
- Business structure legal characteristics
Federal Taxation of Entities23-33%- Partnerships and LLCs
- Book-tax differences
- Tax-exempt organizations
- C corporations and S corporations
- Gift, estate, and trust taxation
Federal Taxation of Individuals22-32%- Filing status and dependency rules
- Gross income inclusions and exclusions
- Adjustments, deductions, and exemptions
- Loss limitations and carryovers
- Tax credits and alternative minimum tax
Federal Taxation of Property Transactions12-22%- Asset basis and holding periods
- Cost recovery: depreciation, amortization, depletion
- Like-kind exchanges and involuntary conversions
- Capital vs ordinary asset classification
- Recognition of gains and losses
Ethics, Professional Responsibilities, and Federal Tax Procedures10-20%- Tax preparer penalties and due diligence
- Privileged communications and disclosure rules
- Treasury Department Circular 230
- Ethics and responsibilities in tax practice
- Federal tax audit and appeal procedures

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