New York (May 29, 2002) -- After more than a year of negotiations, the American Institute of CPAs, the National Association of State Boards of Accountancy and Prometric have signed an agreement for the delivery of the computer-based CPA examination.

The computer-based test is scheduled for implementation in early 2004. The final paper-based version of the test will be delivered in November 2003.

Under the agreement, the AICPA will continue to create and grade the exam, NASBA and the state boards of accountancy will be responsible for the overall administration of the test, and Prometric will deliver the exam through its more than 300 testing centers. Prometric is a division of The Thomson Corp., owner of the publisher of ElectronicAccountant.com.

While the current test is administered twice a year, candidates will be able to sit for the computerized version up to four times a year.

"All three parties are firmly committed to working together to bring the revised CPA examination to fruition," said Barry Melancon, AICPA chief executive. "The computerized exam will better assess the skills that new CPAs must possess in order to carry out their essential charge: safeguarding the public interest."

-- Electronic Accountant Newswire staff

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