CPA Exam Practice Analysis Solicits Feedback

July 7, 2021

  • Stakeholders invited to provide input through September 7, 2021
  • New Model for Licensure and New CPA Exam to Launch 2024

NEW YORK (July 7, 2021) – The American Institute of CPAs (AICPA) is soliciting feedback on the draft content proposed in the new Core and Disciplines CPA Examination structure. This request for input is the next step in the CPA Examination Practice Analysis, which is designed to determine the knowledge and skills that newly licensed CPAs need to protect the public interest under the CPA Evolution licensure model. Stakeholders are asked to provide feedback on preliminary content through September 7, 2021. This valuable input from the profession will help guide the development of new CPA Exam blueprints and Exam design, which will then be shared via an Exposure Draft, which is planned in July 2022.

CPA Evolution is a joint AICPA/NASBA initiative that is transforming the CPA licensure model to recognize the rapidly changing skills and competencies the accounting profession requires. Under the CPA Evolution licensure model, all candidates will be required to take three Core sections that will assess the knowledge and skills that all newly licensed CPAs need in their role to protect the public interest covering: Accounting, Auditing & Attestation,  and Taxation. The three Disciplines are Business Analysis and Reporting, Information Systems and Control and Tax Compliance and Planning. Due to its central role in the profession, technology concepts will be incorporated into all Core and Disciplines sections.

Stakeholders are invited to share their thoughts on draft content that might be assessed in each area of the Core and Disciplines section by filling out a short 20-25 minute online survey by September 7, 2021.

“We’re excited to be kicking off this Practice Analysis and working to ensure the next version of the CPA Exam will be aligned with the CPA Evolution licensure model,” said Mike Decker, vice president of CPA Examination and Pipeline, AICPA & CIMA. “Developing an Exam that meets the needs of the profession well into the future requires input from stakeholders and I strongly encourage all interested parties to participate in the process by submitting their feedback.”

More information on the current practice analysis to develop a CPA Evolution-aligned CPA Exam, include general information, timelines and FAQs is available online and will be updated regularly.

A final report on the results of the practice analysis, including final CPA Evolution Exam Blueprints and related Exam design, is slated to be published on January 1, 2023. The new Exam is expected to be launched in January 2024.

Additional CPA Evolution Resources for Faculty

The AICPA and NASBA recently launched a CPA Evolution Model Curriculum to help accounting programs transition to prepare CPA candidates for the Core + Disciplines CPA Exam structure that will test those skills starting in 2024. Updated frequently asked questions (FAQs) on the CPA Evolution Model Curriculum are AICPA's Academic Resource Hub and additional information on the Core + Disciplines Exam structure is available in this blog post.

The Academic Resource Database offers case studies, assignments, readings and webinars to help accounting educators ensure students are prepared to meet the needs of the marketplace.

The Faculty Hour webcast series will provide CPA Evolution status updates and discussions on how to integrate data analytics, systems and technology-related subject matter, and other emerging topics relevant to the CPA profession into accounting curricula.

About the American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 428,000 members in the United States and worldwide, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for its members and U.S. auditing standards for private companies, not-for-profit organizations, and federal, state and local governments. It develops and grades the Uniform CPA Examination, offers specialized credentials, builds the pipeline of future talent and drives continuing education to advance the vitality, relevance and quality of the profession.