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The CPA credential is a license issued by one of the 55 states or territories of the U.S. that authorizes the holder to practice as a CPA in that jurisdiction. Licensing of CPAs helps to protect the public interest because only those individuals who have met prescribed requirements are permitted to identify themselves to the public as CPAs.
One component of the licensing requirement designed to ensure only qualified individuals become licensed as CPAs is the Uniform CPA Examination.
Global Accountancy Institute Inc. is an Independent Global Tuition Provider will provide you will all the tuition and support necessary for you to be successful in passing your CPA.
Examination Length and Formats
The Uniform CPA Examination is a 16-hour examination comprised of four sections, each four hours long:
Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG). Each exam section is composed of five “testlets” or groups of test questions.
AUDITING AND ATTESTATION (AUD)
The Auditing and Attestation (AUD) section tests the knowledge and skills that a newly licensed CPA must demonstrate when performing:
• Audits of issuer and nonissuer entities (including governmental entities, not-forprofit entities, employee benefit plans and entities receiving federal grants)
• Attestation engagements for issuer and nonissuer entities (including examinations, reviews and agreed-upon procedures engagements)
• Preparation, compilation and review engagements for nonissuer entities and reviews of interim financial information for issuer entities.
Newly licensed CPAs are also required to demonstrate knowledge and skills related to professional responsibilities, including ethics and independence.
The engagements tested under the AUD section of the Exam are performed in accordance with professional standards and/or regulations promulgated by various governing bodies, including the American Institute of CPAs (AICPA), Public Company Accounting Oversight Board (PCAOB), U.S. Government Accountability Office (GAO),
Office of Management and Budget (OMB) and U.S. Department of Labor (DOL).
BUSINESS ENVIRONMENT AND CONCEPTS (BEC)
The Business Environment and Concepts (BEC) section tests knowledge and skills that a newly licensed CPA must demonstrate when performing:
• Audit, attest, accounting and review services
• Financial reporting
• Tax preparation
• Other professional responsibilities in their role as certified public accountants
The content areas tested under the BEC section of the Exam encompass five diverse subject areas. These content areas are corporate governance, economic concepts and analysis, financial management, information technology,and operations management.
FINANCIAL ACCOUNTING AND REPORTING (FAR)
The Financial Accounting and Reporting (FAR) section tests the knowledge and skills that a newly licensed CPA must demonstrate in the financial accounting and reporting frameworks used by business entities (public and nonpublic), not-for-profit entities and state and local government entities. The financial accounting and reporting frameworks that are eligible for assessment within the FAR section of the Exam include the standards and regulations issued by the:
• Financial Accounting Standards Board (FASB)
• U.S. Securities and Exchange Commission (U.S. SEC)
• American Institute of Certified Public Accountants (AICPA)
• Governmental Accounting Standards Board (GASB)
• International Accounting Standards Board (IASB)
The Regulation (REG) section tests the knowledge and skills that a newly licensed CPA must demonstrate with respect to:
• Federal taxation
• Ethics and professional responsibilities related to tax practice
• Business law
You can study with us from anywhere via Global Live Online Classes or Global-On-Demand(GOD) Classes.
Global Live Online Class enable you to attend our live classes from the comfort of your home or office. In these classes we work through each topic, focusing on the key areas most likely to come up in your examination. No specialized equipment is required, all you need is a computer and an internet connection. This means that you can study with us from any where in the world.
Your first step is to complete our online application form at https://www.globalaccountancycollege.com/register.html
After completion we will contact you and send you an invoice for payment