The American Institute of CPAs Examinations Team has published a guide to the major changes that will appear on the Uniform CPA Examination starting on Jan. 1.
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The changes will include a new release of authoritative literature, based on the FASB Accounting Standards Codification. CPA candidates will be able to prepare with a new tutorial and sample tests that will be posted on the AICPA website in the fall. A new online calculator will also be introduced with the exam.
A new candidate performance report will provide candidates with information about the strengths and weaknesses of their exam performance. New content and skill specification outlines will go into effect with the exam next year. International Financial Reporting Standards and other international standards will also be included on the test next year.
There will be a new format for the research tasks, and scoring weights for different portions of the exam will change. The section structure and section time allocations will also be altered, with the time increasing on some sections, and decreasing on others. A new spreadsheet will be introduced on the CPA Exam, along with a new question format in the form of shorter task-based simulations.
The guide to the new CPA Exam can be found here.