The CPA Exam will be offered outside the U.S. for the first time in 2011, as an agreement was reached by the American Institute of CPAs, National Association of State Boards of Accountancy and Prometric, the three organizations that jointly offer the CPA Exam in the United States.
During his update on NASBA, chairman Billy Atkinson shared the development. In March, we extended a new agreement [for the CPA Exam] that extends through 2024, he said. It provides some stability and economic balance for all the parties. We also signed a new international exam delivery agreement.
The CPA Exam will be offered in Japan, Bahrain, Kuwait, Lebanon and the United Arab Emirates. The format will be the same as in the U.S. computerized and in English as the goal for those candidates is to qualify for their licenses as CPAs through U.S. state boards of accountancy.
The exam consists of four sections Auditing and Attestation; Financial Accounting and Reporting; Regulation; and Business Environment and Concepts.
The combined testing time for all the sections is 14 hours.
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