CPA Sections

The Boards of Accountancy authorizes suitable candidates to appear for any sections of the Examination in any testing window and in any order they wish. As a rule, the candidates are not permitted to take any single section twice in the same testing window.

AUDITING:

Auditing & Attestation (AUD) section is a 4 and a half hours test. The topics covered under this section include

• Planning the engagement and enter agreement (22%-28%).
• Evaluation of Internal Control (12%-18%).
• Obtaining and Documentation of Evidence (32%-38%).
• Reviewing the engagement to provide reasonable assurance that objectives are achieved and evaluate information obtained to reach and to document engagement conclusions (8%-12 %).
• Preparing communications (reports and letters) to satisfy engagement objectives (12%-18%).

FINANCIAL ACCOUNTING AND REPORTING (FAR)

Financial Accounting & Reporting section has to be completed within the 4 hours time frame. This section tests students knowledge in preparing:

• Concepts and standards for financial statements (17%-23%).
• Typical items in financial statements in conformity with generally accepted accounting principles (27%-33%).
• Specific types of transactions and events in financial statements (27%-33%).
• Governmental Entities (8%-12%).
• Nongovernmental not-for-profit organizations (8%-12%).

REGULATION (REG)

Regulation section is a 3 hours paper that helps evaluate the students’ knowledge of:

• Ethics and professional and legal responsibilities (15%-20%).
• Business Law (20%-25%).
• Federal tax procedures (8%-12%).
• Federal taxation - property transactions (8%-12%).
• Federal taxation - individuals (12%-18%).
• Federal taxation - entities (22%-28%).

BUSINESS ENVIRONMENT (BEC)

Business Environment & Concepts is a 2and a half hours paper assessing the students skills in:

Business Structure (17%-23%).

Economics (8%-12%).

Information Technology (22%-28%).

Planning and Measurement (22%-28%).