THE NEW CPA EXAMBy: EVAN VITALE

THE AMERICAN INSTITUTE OF CPAS PRESENTED EXCITING NEWS LAST

WEEK. THEY ARE PLANNING TO REVAMP THE CPA EXAMINATION.

THIS IS NOT THE EXCITING NEWS AS THE TEST IS OFTEN UPDATED FOR CONTENT AND

RELEVANCE.

THE EXCITING NEWS IS THE AICPA HAS DECIDED TO OPEN AT LEAST A PORTION OF THE REVISIONS UP

TO PUBLIC COMMENT.

UNTIL NOW, THE CONTENT OF THE TEST HAS LARGELY BEEN DECIDED BY A SMALL

GROUP AT THE AICPA, THE HEAD OF WHICH CURRENTLY IS MICHAEL A. DECKER, AICPA

VICE PRESIDENT OF EXAMINATIONS.

DECKER AND HIS EXAMINATIONS TEAM RELEASED AN OPEN INVITATION FOR

COMMENTS THAT WOULD HELP UPDATE THE RELEVANCE OF THE CPA EXAMINATION,

SPECIFICALLY IN THE PRACTICE ANALYSIS SECTION OF THE EXAM.

THIS NEWS IS BEING HERALDED AS A BIG STEP IN THE RIGHT DIRECTION FOR THE

AICPA BY MANY BECAUSE TIMES ARE CHANGING QUICKLY AND CPAS ARE BEING REQUIRED TO USE NEW AND DIFFERENT

SKILLS EVERY YEAR.

THE EXAMINATIONS TEAM DOES FANTASTIC WORK INDEPENDENTLY BUT IT IS NEARLY IMPOSSIBLE TO KEEP UP ON THE TRENDS IN THE WORLD OF ACCOUNTING IF YOU

ARE NOT ENGAGED IN PRACTICE.

THUS, WHO BETTER TO HELP KEEP THE EXAM RELEVANT AND ENSURE NEW CPAS

ARE READY FOR THE REAL WORLD ACCOUNTING THAN CONTEMPORARY

ACCOUNTANTS THEMSELVES.

WITH THE ADDITIONAL HELP OF CPAS AROUND THE COUNTRY, THE

TEST WILL GAIN A NECESSARY UPDATE THAT WILL INCLUDE UP-TO-

DATE SKILLS AND IDEAS.

THIS WILL STEER CPA CANDIDATES TOWARDS STUDYING RELEVANT MATERIAL AND PREPARE THEM

SUFFICIENTLY FOR THE EVER-CHANGING WORLD OF PUBLIC ACCOUNTING.

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