The exam is structured to meet CPA Evolution's stated goal for licensure: "The goal of licensure is protection of the public interest, or more specifically, providing the public with assurance that those individuals who are licensed possess a minimum level of knowledge and skills necessary for...
"The breadth of knowledge required of CPAs has increased over the years," Gallagher said. "The CPA Exam is the gateway to licensure in the profession." The three sections that comprise the Core of the Exam — Auditing and Attestation (AUD), Financial Accounting and Reporting (FAR), and Ta...
The CPA exam has a long history as a rigorous prerequisite for licensure. But it's also constructed to be fair (see the sidebar, "Higher-OrderSkills: An Inventory Example"). "Our role is not to trick the candidate," Stopek said. "Our role is to figure out the most appropriate way t...
“I realized the CPA designation would give me an advantage in competing for clients,” she said. Banks has already passed one section of the CPA Exam. Once she earns her CPA license, she plans to expand her advisory business and offer fractional CFO services. The entrepreneurial life is not...