The Accreditation Council for Accountancy and Taxation said Monday it is accepting exam applications from accountants, tax preparers and students seeking to earn the Accredited Business Accountant/Advisor and Accredited Tax Preparer credentials.

ACAT accreditation provides evidence to clients, prospective clients, employers, and the public that the accredited professional has met national standards and has a mastery of accounting and taxation procedures and practices. The ABA and ATP credentials demonstrate a mastery of accounting and tax procedures and practices that far exceed the IRS registered tax return preparer standard.

The ABA exam is a seven-hour exam that tests the technical proficiency of candidates in financial accounting, financial reporting, financial statement preparation, taxation, business consulting services, business law and ethics. Emphasis is on a practical approach to public accounting.

The exam is divided into two parts. The first part consists of 100 multiple choice questions to be completed in 3.5 hours. It covers financial accounting and financial statement preparation, presentation and reporting. The second part consists of 100 multiple choice questions to be completed in 3.5 hours. It covers the topics of taxation, business law, business accounting and ethics.

Both the Comprehensive Examination for Accreditation in Accountancy and the Accredited Tax Preparer exam can be taken between Nov. 19 and Dec. 11, 2010 at test sites across the United States. Next year, the exam testing windows are May 23 – June 13, 2011, and Nov. 28 – Dec. 19, 2011.

Interested candidates can visit for exam registration and other information.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access