CPA Exam: Things You Need to Know



The CPA Exam has experienced a few changes, including content updates that were qualified for testing on January 2, 2018, and another UI experience that will be launched on 1st April 2018. The changes, while significant, are substantially less effective than the CPA Exam changes in 2017. However, it's imperative to know about the changes so that you’re well prepared on Exam day.

Here’s a list of the things you need to know about the CPA Exam changes:

New user-friendliness: The CPA exam Review gives a superior (and better) user experience for CPA Candidates. This incorporates more easy-to-use CPA Exam software that will go live in Prometric testing centres on 1st April 2018.



Auditing and Attestation (AUD) Exam Content Updates: The CPA Exam Tutoring includes revisions to one of the content groups, as well as 12 representative tasks to reflect terminology updates in SAS 130, An Audit of Internal Control over Financial Reporting.

CPA Candidates should also pay attention to the AUD content changes. Key changes include:


The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern (AU-C 570) SAS 132— entitled for testing Q1


Auditor Involvement with Exempt Offering Documents (Amends AU-C 560 and 925) SAS 133— entitled for testing Q3

Business Environment and Concepts (BEC) Exam Shifts in Focus: There are no changes to the representative errands shelled out in the BEC layout or any genuine changes to the BEC content. However, there has been a shift in content focus. Focused changes are seen in both Information Technology (IT) and Corporate Governance.

Financial Accounting and Reporting (FAR) Exam Centers on Revenue Recognition:
Revenue Recognition is an essential bookkeeping standard under GAAP that determines the particular conditions under which an entity recognizes or represents revenue. The change to the FAR section of the CPA Exam falls into line with FASB's issuance of a new Revenue Recognition standard, ASU 2014-09, Revenues from Contracts with Customers (Topic 606) in May of 2014. The standard has been revised a few times and became effective for public organizations’ yearly reporting periods that started after December 15, 2017, and nonpublic organizations’ yearly reporting periods that started after December 15, 2018.

Regardless of what the changes are, Vishal CPA prep will continue to assure all our students are completely prepared for the CPA Exam changes. Our CPA Exam Tutoring course can provide you with targeted suggestions on where and how to focus your efforts by comparing your performance and progress with those who have finished the CPA Exam.


Vishal CPA Prep, LLC

Lombard, IL 60148

847-722-1523



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