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What is the duration, language, and format of CPA Regulation Exam
- Format of exam : Computer based exam .
- Type of Questions: This test format is multiple-choice questions (MCQs) , task-based simulations (TBSs)
- Length of Examination: 4 hours.
- Scoring weight: 50% MCQ's , 50% TBSs
- Passing Score: 75 on scale of (0-99)
- Number of Questions: 84 Questions ( comprises of 76 MCQs, 8 Task Based Simulations)
- Language: English
How to study the CPA Regulation Exam
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Reference: http://www.aicpa.org/BecomeACPA/CPAExam/ForCandidates/FAQ/Pages/computer_faqs_2.aspx
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AICPA CPA-Regulation Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Federal Taxation of Individuals | 22-32% | - Adjustments, deductions, and exemptions - Filing status and dependency rules - Loss limitations and carryovers - Gross income inclusions and exclusions - Tax credits and alternative minimum tax |
| Ethics, Professional Responsibilities, and Federal Tax Procedures | 10-20% | - Privileged communications and disclosure rules - Treasury Department Circular 230 - Federal tax audit and appeal procedures - Ethics and responsibilities in tax practice - Tax preparer penalties and due diligence |
| Business Law | 15-25% | - Uniform Commercial Code (UCC) articles - Employment and federal business regulations - Business structure legal characteristics - Debtor-creditor relationships and bankruptcy - Agency relationships and authority - Contract formation and performance |
| Federal Taxation of Property Transactions | 12-22% | - Cost recovery: depreciation, amortization, depletion - Recognition of gains and losses - Capital vs ordinary asset classification - Asset basis and holding periods - Like-kind exchanges and involuntary conversions |
| Federal Taxation of Entities | 23-33% | - Tax-exempt organizations - Gift, estate, and trust taxation - C corporations and S corporations - Partnerships and LLCs - Book-tax differences |








