Good news for CPA candidates! The AICPA has announced a decrease in the amount of Task-Based Simulations on all parts of the next version of the CPA Exam. Originally the 2017 CPA Exam, which goes into effect April 1st, was slated to have between 8 - 9 Task-Based Simulations (TBS) on Auditing and Attestation (AUD), Financial Accounting and Reporting (FAR), and Regulation (REG) and 4-5 TBS on Business Environment and Concepts (BEC). The AICPA later announced they would be going with the higher number of TBS for all sections of the exam.
After analyzing pretest question data from 2016 exams and continuing to refine testing time estimates, the AICPA has determined that moving to the lower number of TBS will provide candidates with adequate time to complete the new exams. Therefore, there will now be a total of 8 TBS on AUD, FAR, and REG and only 4 TBS on BEC.
Although the number of TBS has been lowered, the proposed exam times will not change. CPA candidates will be given 4 hours for each exam, with an incorporated 15-minute break. Also, the number of multiple choice questions per section will remain as planned (72 – AUD, 62 – BEC, 66 – FAR, 76 – REG).
For more information about the 2017 CPA Exam, see our full account of the changes.