The Audit and attestation (AUD) section of the Uniform CPA Examination revolves around the auditing standards and procedures. This section covers the knowledge and skills required when performing the audits and attestation engagements for issuer and non-issuer entities, preparation, compilation and review engagements for non-issuer entities and reviews of interim financial information for issuer entities.
It includes the following contents areas:
The Financial Accounting and Reporting (FAR) section of the Uniform CPA Examination (the Exam) assesses the knowledge and skills that a newly licensed CPA must demonstrate in the financial accounting and reporting frameworks used by business entities (public and nonpublic), not-for-profit entities, and state and local government entities.
It includes the following content areas::
The Regulation (REG) section of the Uniform CPA Examination (the Exam) tests the knowledge and skills that a newly licensed CPA must demonstrate with respect to US federal taxation, US ethics and professional responsibilities related to tax practice, and US business law.
It includes the following content areas:
The Regulation (REG) section is a 4-hour examination consisting of 50% Multiple Choice Questions (MCQs) and 50% of Task-Based Simulations.
The Business Environment and Concepts (BEC) section of the Uniform CPA Examination (the Exam) tests knowledge and skills that a newly licensed CPA must demonstrate when performing audit, attest, accounting and review services, financial reporting, tax preparation, and other professional responsibilities in their role as certified public accountants.
It includes the following content areas:
The Business Environment and Concepts (BEC) section is a 4-hour examination consisting of 50% Multiple Choice Questions (MCQs), 35% of Task-Based Simulations, and 15 % Written Communication (WCT).
