Codification of FASB Accounting Standards

Question: When will the codification of FASB Accounting Standards appear on the CPA Exam?

Answer: The AICPA announced in the Fall issue of the Uniform CPA Examination Alert that the redesign of the new authoritative literature platform will accommodate the codification of FASB Accounting Standards. These changes will take effect on January 1, 2011 with the implementation of CBT-e.

Gleim’s responsibility is to keep the materials current so you can spend time preparing. You should prepare to pass the exam in the next five testing windows so you don’t have to be concerned with these changes.

As always, continue checking the Gleim CPA Candidate Bulletin. We will keep you updated on these changes and other announcements regarding CBT-e as they are made available.