The AICPA has announced Q1 2018 pass rates for the CPA Exam. Compared to Q1 2017 pass rates, every section, except for the FAR Exam, saw a pass rate increase average of 5.24% year-over-year. The FAR Exam pass rate went down by 1.5% year-over-year.
The CPA Exam is undergoing several changes in 2018, including a new user interface design that launched on April 1st. And as with any changes made to the Exam, score releases will be delayed. The following are the score release dates for the 2018 Q2, Q3, and Q4 testing windows.
Over the last few years, there has been a validated discrepancy between the number of students majoring in accounting compared to the number of candidates sitting for the CPA Exam. There are many theories as to why this might be happening, but clearly, there is great opportunity for industry leaders, academics, and influencers to find ways to encourage accounting students to become the next leaders in the accounting profession.
The question then becomes, how can the accounting profession, specifically colleges and universities, encourage and foster opportunities for accounting students to easily transition to become Certified Public Accountants?
This. Is. Big. The moment we’ve all been waiting for is almost here: the first round of 2017 CPA Exam scores are expected to be released this week. It’s been several years since we first heard about the CPA Exam’s major overhaul. All the buzz it stirred among the accounting community lasted until its actual launch in April of this year.
The AICPA recently hosted “Lunch and Learn - The Next CPA Exam” Web event where participants learned more about 2017 CPA Exam content and blueprints, item types, testlet structure and scoring, as well as scheduling and other test administration topics. During the Web Event, participants were polled on various topics - one of which was how well candidates understand and are aware of the CPA Exam Blueprints.
The results? 64% of the participants had not heard of the Blueprints until the Web Event.
Have you heard? You no longer have to know a CPA to become a CPA!
As many CPA Exam candidates know, one of the requirements to become a CPA in many states is to have 1-2 years of accounting related work experience verified by a CPA. This is normally achieved by working either with an actual CPA during the experience, or reporting directly to a CPA. But that's about to change for some states.