- Exam Code: AA
- Exam Name: Audit & Insurance
- Certification Provider: CPA
- Corresponding Certification:Certified Public Accountant
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Who should take the Certified Public Accountant (CPA) Exam
To have a CPA designation, many businesses prefer their accountants. Applicants winning their CPA title will find themselves more hirable and will be better paid. People who wish to become business accountants and explore its dynamic culture to jump-start their certification and lifelong learning goals should take this exam. To become eligible for the exam, a candidate must have completed a 120 program approved by NYSED. As a non-official prerequisite, candidates must have studied the CPA exam dumps. Also, they must have completed their bachelor's degree with accounting as their major.
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The benefit of obtaining the Certified Public Accountant (CPA) Exam Certification
Many accountants joining the profession are curious about the advantages of being a certified public accountant (CPA) so that they can determine if the time and energy to undertake this achievement are worth devoting. The certification process may undoubtedly be rigorous and difficult, but for those employed in industry or finance, success offers some notable advantages. In the US, several states have their board that regulates the certification in their jurisdiction of public accountants.
The qualification process helps both new and seasoned accountants to test their qualifications, develop their abilities, and enhance their understanding of the overall discipline. Via their local state board, prospective applicants can learn more about the licensing process specifics and visit the NASBA website for information about the standardized CPA test. The growing demand for CPAs across the job market is motivated by many factors, so the trend is likely to continue in the near future. Accountants winning their CPA earn 10 percent more on average than non-CPA colleagues and have more chances to grow their careers. In job searching, being a CPA can also be a big boon as it shows professional dedication and makes the candidate stand out from others. Among several other specialist fields, CPA certification demonstrates qualification for auditing, business strategy, bookkeeping, and forensic accounting. Becoming accredited opens the doors to hundreds of various career paths and is essential for foreign positions in particular.
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How to study the Certified Public Accountant (CPA) Exam
In order to study for the Certified Public Accountant (CPA) Exam, use the exam blueprints and study resources by accessing the links at the bottom of this document. Use the material on the internet to learn all the exam contents in detail and then take the practice sample tests through the AICPA website. The “Help” button on each sample test provides a link to tutorial topics that can be further used to gain more in-depth knowledge. Students are highly encouraged to join AICPA's Certification community where they can join students from all over the world and learn together. CPA exam dumps are highly recommended for candidates as they are the best study materials. For further exam self-study materials, refer to the links down below.
As always, We recommend a combination of hands-on experience, completion of the training course, and self-study in the areas described in the Exam Outline section of this exam guide as preparation for this exam. After all sorts of study, test your understanding by taking the CPA practice exams. Hover on to AICPA's Website and take a look at study materials provided for the exam. Check for the topics mentioned in the Exam Outline section of this guide to review the online documentation, tip sheets, and user guides and study the details relevant to those topics. Refer to the links at the end of this document for more study material.
What is the duration, language, and format of the Certified Public Accountant (CPA) Exam
- Language of Exam: English
- Format: Multiple choice, Task-based, communication tasks
- Duration of Exam: 16 hours of total
- Passing score: 75 for each section
CPA AA Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Legal, Ethical and Regulatory Environment | 20% | - Regulatory framework including Companies Act 2014 - Anti-money laundering, fraud and corporate governance - Ethics, independence, professional skepticism and quality control |
| Review, Completion and Reporting | 20% | - Evaluation of misstatements and review of work - Going concern, subsequent events and written representations - Audit reports, modifications and other communications |
| Assurance and Related Services | 5% | - Other assurance engagements and non-audit services |
| Accepting and Planning Audit Engagements | 25% | - Risk assessment, materiality and audit strategy - Understanding entity and internal control systems - Pre-conditions, client acceptance and engagement terms |
| Performing Audit Procedures and Gathering Evidence | 30% | - CIS auditing and computer-assisted audit techniques - Audit evidence, sampling and documentation - Tests of controls and substantive procedures |
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