What is the new CPA Exam for 2024?

The legacy CPA Exam included four mandatory exams that all candidates took: AUD, BEC, FAR and REG. In 2024, the CPA Evolution Exam will include three core exams (AUD, FAR and REG) and one discipline exam of your choosing (either BAR, ISC or TCP). No longer will each candidate take the same four exams.

Which CPA Exam is changing in 2024?

In 2024, the CPA Exam is keeping AUD, FAR, and REG, and introducing three new disciplines. Those disciplines are Business Analysis & Reporting (BAR), Information Systems & Controls (ISC), and Tax Compliance & Planning (TCP).

Which CPA Exam is the hardest?

The FAR section of the CPA exam is hard because it's the most comprehensive of the 4 exam sections, and it has a lot of math questions that are mentally taxing to get through. It has the lowest pass rate of all 4 exam sections and is considered the hardest CPA exam section.

What is the latest CPA Exam blueprint?

The updated, 2024 CPA Exam ("Exam") Blueprints introduce a different exam format that will create flexibility and enable rising accountants to demonstrate their strengths and interests. New to the Blueprints and the Exam is the introduction of a Discipline section.

Is BEC the hardest CPA Exam?

BEC has the highest passing rate. A lot of candidates consider it the least difficult of the 4 sections. It's one of the shorter exams: 3 hours long, with 3 MCQ testlets (24 questions each), and 3 written communication questions. BEC is the only exam that has the written communication questions.

Full Guide: 2024 CPA Exam Changes and What it Means for You

How many people fail BEC?

BEC CPA Exam Pass Rates

The BEC CPA exam section has a 62.84% average cumulative pass rate in 2021.

What is the easiest CPA exam to pass?

What is the easiest part of the CPA exam? BEC has the highest pass rate and is considered the easiest CPA exam section.

Will the CPA Exam be harder in 2024?

Content Changes: The forthcoming 2024 CPA Exam will introduce significant content modifications, placing a greater emphasis on higher-order skills such as critical thinking and problem-solving. By attempting the BEC section before 2024, you may find it comparatively easier to pass than the revised version.

How is the far CPA Exam 2024 format?

What is The 2024 FAR CPA Exam Format and Structure? Despite the 2024 FAR CPA Exam changes, the format and structure are similar to those of previous years. For example, the exam duration is four hours with five testlets and two types of questions: multiple choice and task-based simulations.

What is heavily tested on BEC?

BEC focuses heavily on Application and Analysis. BEC doesn't test at the Evaluation level of higher-order skills, but it is the only CPA Exam section to include Written Communications (WCs). WCs are tested at the Application level.

Is a CPA harder than a bar?

It's definitely harder than the BAR exam and maybe even some medical board exams.

Should I take AUD or BEC first?

Here's our pro tip: If you're aiming to finish in 9 months, do FAR in the first window. Then, do AUD or REG in the second quarter paired with BEC (based on your strengths: tax or audit). Finally, in the third window, aim for the remaining part, AUD or REG.

Has anyone gotten a 100 on the CPA Exam?

What is the highest score on the CPA exam? The highest a candidate can score on a CPA exam is a 99.

Is the CPA declining?

The AICPA/CIMA 2022 Annual Report (https://tinyurl.com/2p8jzfsp) reveals a 7% decrease from 2021 to 2022 for the total number of candidates taking the CPA exam.

Is CPA obsolete?

Profession in Decline

Finally, there is a perception that the accounting profession is in decline. This is partly due to the increasing automation of many accounting tasks and outsourcing work to lower-cost countries. Despite these challenges, there are still many reasons to pursue a career in accounting.

Does the CPA Exam get curved?

Scores are not curved. When you fail an Exam section, you'll also receive a Candidate Performance Report that assesses your performance on that specific section. CPA Exam scoring is treated with a high level of importance, due diligence, and attention to accuracy.

What is being removed from far CPA 2024?

The 2024 version of the CPA exam eliminates the business environment and concepts (BEC) section and transitions some portions of FAR and REG into the new disciplines. Since the BEC section was the only one to include a written essay, the essay portion is eliminated from the 2024 CPA exam.

What is being removed from FAR 2024?

FAR Exam Content Changes

These topics will be moved to the business analysis and reporting (BAR) discipline exam. For example, the advanced governmental accounting topics will be removed from the FAR exam and moved to the BAR exam. The basic governmental accounting topics will still be tested on the FAR core exam.

How many questions is far CPA Exam 2024?

The FAR CPA exam is 4 hours long. There are 66 multiple-choice questions and 8 task-based simulations on the CPA FAR exam. FAR is the most comprehensive section of the CPA exam.

Which CPA Exam is the hardest 2024?

Among the three core sections, FAR has a reputation for being the hardest, and it typically has the lowest pass rate. AUD and REG tend to be middle of the road.

Can you pass all 4 CPA exams in 6 months?

Students, recent graduates, and people with plenty of time to study should aim to sit for and pass all 4 sections of the CPA Exam in about 6 months. This would have you taking an exam every 6-7 weeks and studying about 22-26 hours each week.

How many times can I fail the CPA?

There is no limit as to the number of times you may repeat a failed section. You may take any unpassed section of the CPA Exam year-round. Your only restriction is waiting to receive your score from a previous attempt of the same section.

Which state has easiest CPA?

Colorado's (CO) CPA exam requirements are possibly the most advantageous of all the states. It does not require 150 hours to sit. With no requirement to be a US Citizen, a resident of CO, or a certain age, it makes Colorado one of the easiest states to sit for the CPA exam and become licensed.

What is the shortest CPA Exam to study for?

There are several reasons why the BEC section is considered the easiest section of the four. In addition to the fact that it covers the least material and is of the shortest of the four exam sections, BEC also does not have any simulation questions; however, it does contain 3 written communication questions.

Should I take Reg or far first?

Regardless of which Discipline you select, Financial Accounting and Reporting (FAR) is the best exam to take first because it strengthens your foundation in financial accounting which will help on all exams.