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CPA Exam News

CPA News

CPA Exam news comes from many sources. Gleim will help you keep up with all the news and announcements on the CPA Exam.

Stay up-to-date on all the latest updates for the CPA Exam, and learn what the headlines mean for CPA candidates.

July 31, 2019

NASBA International Evaluation Services relaunches undecided jurisdiction evaluation option

In an important move for international candidates, NIES has relaunched their undecided jurisdiction evaluation. If a candidate chooses an undecided jurisdiction option, NIES will evaluate your education and provide you with the best options for applying for the CPA Exam or License.

The NIES will suggest up to three jurisdictions based on your education and the state’s residency and social security number requirements. If you do not fit the education requirements for any jurisdictions, the NIES will still list up to three jurisdictions and will note any requirements you do not currently meet.

This service does not use your work experience in making jurisdiction suggestions, so you will need to individually look over the suggested states to ensure they will meet your needs.

Why is this important for CPA candidates?

For international candidates, deciding which state boards to apply to is a daunting task. Many states have residency or identification requirements that are difficult for international candidates to meet. In addition, some states do not have these requirements prominently displayed, and with 55 jurisdictions, international candidates have to do a lot of searching to find the best ones.

The NIES undecided jurisdiction allows international candidates to get a short list of good states to look at more closely. Plus, the information comes straight from NASBA, a reliable source.

What is NASBA International Evaluation Services?

NIES is an education verification service for international CPA candidates. Many state boards require candidates who received credit from an international university or college, including study abroad, to have their education verified. While some states allow other evaluation services, the NIES is the most used service for most state boards.

To learn more about the NIES or to make use of this outstanding service, visit the NIES’s website.

NOTE: An undecided evaluation does not create an official jurisdiction-specific report. Once you have decided on a jurisdiction, you will need to reapply for a jurisdiction-specific report. Doing so requires you to pay the application fee again.

If you’re looking for more information on the state boards of accountancy and their requirements, visit our free resource page which includes a list of the major requirements for all of the state boards.

Get the latest CPA Exam news from Gleim

The AICPA, NASBA, and Prometric all make changes to the CPA Exam. Keep up-to-date with CPA Exam news by following us on Facebook.

For a comprehensive look at all major CPA Exam changes, check out our CPA Exam Changes resource page. If you have any questions about how to apply for the CPA Exam, how hard the CPA Exam is, or any other CPA Exam topic, visit our CPA Exam Resource Center.

At Gleim, we know keeping current is vital for future CPAs. That is why all of our CPA Review materials are continually updated with the most recent information you need to know to pass the CPA Exam. If you’re ready to get the most up-to-date content with an Access Until You Pass® guarantee, look no further than the Premium CPA Review.

June 20, 2019

The AICPA and NASBA are working on changes to the CPA designation and exam

The AICPA and NASBA are working together to make significant changes to the CPA designation, but the changes will not take effect soon. The bodies have begun a new initiative called CPA Evolution. The goal of which is to ensure that the CPA exam and the CPA credential remain relevant in the ever changing business world.

We believe the earliest candidates could see changes is 2024, but it is more likely that the changes will take place after 2025 and most likely closer to 2030.

This initiative will not only have a large impact on the CPA Exam, it will change the requirements needed to become a CPA.

Do I need to worry about these new changes?

These changes are not being implemented in the near future. In fact, no deadline has been released. Historically, the AICPA has given significant notice before major changes have been implemented.

Current candidates and students should not worry about meeting these new requirements at this time.

What is changing?

Specific changes have not yet been released, but the AICPA and NASBA have released the following guiding principles and supporting concepts for this initiative.

The AICPA and NASBA's Guiding principles

  • The CPA profession must adapt quickly due to the technological disruptions in areas such as data analytics, robotics, artificial intelligence and more. As such, the competencies, services and attitudes of CPAs need to continually evolve in order to protect the public interest.
  • The CPA profession and state boards of accountancy recognize that technological and analytical expertise are essential to performing assurance work, as well as the other services that are currently, or will be in the future, core to professional accounting.
  • The CPA profession and state boards of accountancy acknowledge that sustaining the profession and continued public protection require rethinking initial licensure requirements.
  • The profession, and therefore entry into the profession, must be redesigned to attract individuals with technological and analytical expertise. This includes non-CPA professionals whose technology and analytics skills are critical to the performance of assurance and other core services, as well as non-accounting major students. All must demonstrate minimum required competencies necessary to perform professional accounting services as a CPA.
  • The changes must be rapid, transformational and substantive without negatively impacting candidates currently in the pipeline.

The AICPA and NASBA's Specific supporting concepts

  • We need a degree of flexibility in the education requirements in order to best position the profession for the future.
    • This means candidates with different degrees would all be required to have education around a common core of both accounting and technology, as well as elective coursework that aligns with the work they are interested in performing as a CPA.
    • The existing accounting graduate would need a greater understanding of technology, and the existing technology graduate would need a greater understanding of accounting.
    • This may necessitate reducing educational requirements on certain existing concepts and adding educational requirements on other concepts.
  • We need an exam that tests a common core of accounting and technology, and that allows candidates to demonstrate knowledge in their chosen area of study and interest.
    • One exam would serve all candidates, with variations allowed within exam sections that correspond to an individual’s area of study and interest.
    • Using the current exam structure, significant modifications will be made to the breadth and depth of the exam based on forward-looking practice analyses.
    • Certain advanced and unique accounting and auditing concepts currently required for licensure are applicable to only a segment of practicing CPAs, while knowledge of systems controls and emerging technologies is increasingly relevant.

In short, the new CPA requirements will focus more on technology. This will open the CPA designation up to people who do not have as strong of an accounting focus. It will not eliminate the accounting requirements, but some of the accounting requirements may lessen.

Why is the CPA designation changing?

The accounting industry is changing rapidly. Clients and organizations demand services that require expertise in technical areas, and technological innovations continue to advance automation, data analytics, and artificial intelligence. These changes require CPAs to evolve to match their new working environment.

What is the timeline for the CPA designation changes?

No specific dates for the changes have been set. We believe the most likely scenario is having changes implemented after 2025 and more likely closer to 2030.

The AICPA and NASBA are currently gathering information on their new core principles over the summer and will release the results at the 2019 NASBA Annual Meeting and AICPA Fall Council in October.

Where can I go to find out more?

NASBA has released a post discussing the changes on their website.

The Journal of Accountancy has summarized the proposed changes in more detail in an article.

The North Carolina Association of CPAs also has released an article from the AICPA on the upcoming changes and how the changes are being designed.

Gleim will continue to follow this story and update you as new information becomes available.

Get the latest CPA Exam news from Gleim

The AICPA, NASBA, and Prometric all make changes to the CPA Exam. Keep up-to-date with CPA Exam news by following us on Facebook.

For a comprehensive look at all major CPA Exam changes, check out our CPA Exam Changes resource page. If you have any questions about how to apply for the CPA Exam, how hard the CPA Exam is, or any other CPA Exam topic, visit our CPA Exam Resource Center.

At Gleim, we know keeping current is vital for future CPAs. That is why all of our CPA Review materials are continually updated with the most recent information you need to know to pass the CPA Exam. If you’re ready to get the most up-to-date content with an Access Until You Pass® guarantee, look no further than the Premium CPA Review.

June 11, 2019

AICPA creating new internet domain extension for CPAs

CPAs are getting a new domain extension to help establish an authentic presence online.

The AICPA announced it has been working with the Internet Corporation for Assigned Names and Numbers (ICANN) to create a new domain extension for CPAs and CPA firms (instead of the normal “.com”).

This new domain (.cpa) will be available to all CPAs and their firms. Once the new .cpa extension is released, firms will be able to register a new website URL (firmname.cpa) and CPAs will be able to use new email addresses (jdoe@firmname.cpa).

This new extension will signal to customers that your firm has a connection to the CPA profession and is in good standing with the AICPA.

By overseeing the .cpa domain in collaboration with other global CPA organizations, the AICPA can help promote CPAs’ visibility and protect their professional standing online.

Barry MelanconCPA, CGMA, President and CEO of the AICPA

No timeline for this change has been announced, but a mailing list for notifications has been created. Visit cpa.com/dotcpa to sign up for notifications.

Gleim will continue to follow this story and keep you informed about all developments.

Get the latest CPA Exam news from Gleim

The AICPA, NASBA, and Prometric all make changes to the CPA Exam. Keep up-to-date with CPA Exam news by following us on Facebook.

For a comprehensive look at all major CPA Exam changes, check out our CPA Exam Changes resource page. If you have any questions about how to apply for the CPA Exam, how hard the CPA Exam is, or any other CPA Exam topic, visit our CPA Exam Resource Center.

At Gleim, we know keeping current is vital for future CPAs. That is why all of our CPA Review materials are continually updated with the most recent information you need to know to pass the CPA Exam. If you’re ready to get the most up-to-date content with an Access Until You Pass® guarantee, look no further than the Premium CPA Review.

May 22, 2019

CPA Exam testing window change announced by NASBA

NASBA announced that a significant change is coming to the testing windows for the CPA Exam.

CPA candidates will no longer be required to wait for another testing window to retake a failed section of the CPA Exam.

This rule will go into effect by June 30, 2020. Some states may begin using this new rule before then—check with your state board for guidance.

The April 26 NASBA Board of Directors’ meeting cleared the path for continuous testing on the Uniform CPA Examination as the Board approved Uniform Accountancy Act Model Rule 5-7(a)(2). According to the revised Rule, when system changes have eliminated the need for test window limitations ‘a Candidate can retake a Test Section once their grade for any previous attempt of the same Test Section has been released.’ A recent informal poll of the State Boards’ executive directors found that many states have already started to model their rules after the new Model Rule. NASBA President Ken L. Bishop told the NASBA Board that plans now call for continuous testing to begin by June 30, 2020.

May 2019 State Board Report

This ruling doesn’t mean that the CPA Exam will stop having blackout periods between testing periods. The improved technology that makes this change possible may also lead to a change to the blackout dates for the CPA Exam, but nothing has been announced.

The CPA Exam will still be offered for the normal testing periods:

CPA Testing Periods

EXAMPLE: Jane studies with a competitor, then takes and fails the AUD section of the CPA Exam on January 1.

  • Under the old rule, Jane would need to wait until April 1 to retake the AUD section.
  • Under the new rule, Jane will be able apply to retake the AUD section as soon as her grade has been released and sit as soon as she receives her NTS.

What does this mean for CPA candidates?

With these new changes, candidates can schedule their CPA Exam early in a testing period and have enough time to retake the exam in that same period.

If you fail a section of the CPA Exam, be sure to apply for a new NTS as soon as you get your score. This will maximize your chances of being able to sit before a testing period ends.

Get the latest CPA Exam news from Gleim

The AICPA, NASBA, and Prometric all make changes to the CPA Exam. Keep up-to-date with CPA Exam news by following us on Facebook.

For a comprehensive look at all major CPA Exam changes, check out our CPA Exam Changes resource page. If you have any questions about how to apply for the CPA Exam, how hard the CPA Exam is, or any other CPA Exam topic, visit our CPA Exam Resource Center.

At Gleim, we know keeping current is vital for future CPAs. That is why all of our CPA Review materials are continually updated with the most recent information you need to know to pass the CPA Exam. If you’re ready to get the most up-to-date content with an Access Until You Pass® guarantee, look no further than the Premium CPA Review.