CPA USA EXAM SUCCESS | MYLOGIC
CPA USA EXAM SUCCESS.
The CPA (Certified Public Accountant) exam in the United States is a rigorous and highly respected professional certification for accountants. The exam is administered by the American Institute of Certified Public Accountants (AICPA) and is recognized by all 50 states in the US. It is also recognized by many other countries, including India, as a benchmark of professional competence in the field of accounting.
In India, the demand for CPAs has been increasing in recent years, as the country has become a major player in the global economy and businesses are looking for professionals with the highest level of accounting and financial expertise. However, the path to becoming a CPA in the United States can be challenging for Indian candidates, as the exam is known for its high level of difficulty and the extensive knowledge required to pass it.
The CPA USA exam is divided into four parts: Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG). Each part is four hours long and covers a wide range of topics, including financial accounting, auditing, and tax laws. Candidates must pass all four parts of the exam within 18 months to be eligible to receive the CPA certification.
CPA USA Exam Pass Rate.
Candidates taking the exam must score 75 or higher on each section to pass, and each section must be passed within an 18-month span that begins when the candidate takes the first exam. CPA exam scoring is given great priority, due diligence, and attention to detail.
The table below illustrates the US CPA test pass rate over the last few years. As can be seen, the pass rate is nearly 51%. As a result, CPA certification is the most prestigious certification. Candidates must follow a methodical study strategy and prioritise crucial parts in order to pass the exam.
Papers
| 2018
| 2019
| 2020
| 2021
|
AUD
| 49%
| 51%
| 51%
| 55%
|
BEC
| 53%
| 59%
| 60%
| 68%
|
FAR
| 44%
| 46%
| 46%
| 53%
|
REG
| 47%
| 53%
| 56%
| 64%
|
Do CPA Exam Questions Become More Difficult?
The CPA USA Exam features a testing approach known as multi-stage testing. All candidates begin with a testlet of medium complexity. If you do well on the first testlet, the second testlet will have more challenging questions. If you don't do well on the first testlet, you'll get a second medium-difficulty testlet.
That is why it is critical to improve your knowledge of all CPA USA Exam topics. Many websites included a difficulty escalation option to reflect the increasing complexity of the actual CPA Exam. As applicants progress through their review course, multiple-choice questions will become more difficult to reflect their growing knowledge level, similar to the AICPA's multi-stage exam process.
CPA USA exam scoring by type
Papers
| MCQs
| Task-Based Simulations
| Written Communication
|
AUD
| 50%
| 50%
|
|
BEC
| 50%
| 35%
| 15%
|
FAR
| 50%
| 50%
|
|
REG
| 50%
| 50%
|
|
CPA USA exam scoring by skills
Papers
| Understanding
| Application
| Analysis
| Evaluation
|
AUD
| 30-40%
| 30-40%
| 15-25%
|
|
BEC
| 15-25%
| 50-60%
| 20-30%
| 15%
|
FAR
| 10-20%
| 50-60%
| 25-35%
|
|
REG
| 25-35%
| 35-45%
| 25-35%
|
|
Is the CPA USA Exam Slanted?
There is some uncertainty over whether the CPA USA Exam is graded on a curve, which means that the overall mark is based on a comparison of all test takers rather than how the individual really scored.
The AICPA has stated that the CPA USA Exam is not evaluated on a curve, however this does not mean that it operates in the same manner as a regular exam. As you are probably aware, each section of the exam is graded on a scale of 0 to 99, with a minimum score of 75 required to pass.
Each exam contains three testlets of varying difficulty. Each applicant will begin with a medium-level testlet, and their performance will determine whether the following testlet they receive is more difficult - basically bending the exam based on the individual's performance while still evaluating the exam independently of other test takers.
To succeed in the CPA USA exam, Indian candidates must be well-prepared and have a strong foundation in accounting, finance, and business concepts. They should also be familiar with the US tax system, as the exam includes a significant number of questions on this topic. Additionally, Indian candidates must be able to demonstrate a high level of English proficiency, as the exam is conducted in English and requires candidates to read and understand complex passages and calculations.
One of the main challenges that Indian candidates face in preparing for the CPA USA exam is the lack of access to high-quality study materials and resources. Although the AICPA provides a wide range of study materials and practice questions, these resources are primarily targeted at candidates in the United States and may not be as relevant or useful for Indian candidates.
To overcome this challenge, Indian candidates should seek out additional study materials and resources that are specifically tailored to their needs. For example, they can take online courses and tutorials that are designed for Indian candidates, or they can seek out study groups and forums where they can connect with other Indian candidates who are preparing for the CPA USA exam. Additionally, Indian candidates should seek guidance and advice from professionals who have already passed the CPA USA exam and have experience in the Indian accounting and finance industry. These professionals can provide valuable insights and advice on how to approach the exam and what areas to focus on.
Conclusion.
In conclusion, the CPA USA exam in the United States is a challenging and highly respected professional certification that is recognized in India and around the world. Indian candidates who are interested in becoming a CPA must be well-prepared and have a strong foundation in accounting, finance, and business concepts. They should also be familiar with the US tax system and demonstrate a high level of English proficiency. By seeking out additional study materials and resources, getting guidance and advice from professionals, and staying motivated and focused, Indian candidates can increase their chances of success in the CPA exam.