CPA - Eligibility | Exam Pattern | Fees | Jobs

About US CPA:

CPA (Certified Public Accountant) is a globally-recognized public accounting qualification. AICPA (American Institute of CPAs) certifies CPAs to be trusted financial advisors to help businesses, individuals and other organizations to reach their financial goals. Candidates can earn this certification as a part of Career Growth. CPA comprises 4 exam parts which can be cleared by candidates (most of whom are working professionals) within 12 months. The minimum eligibility criteria for CPA exams are university graduation. In India, CPAs have career opportunities with all of the Big 4 and most MNCs.

CPA Certification & Eligibility

In general, CPA Certification needs a Bachelor’s Degree in any Discipline in English Medium with a minimum aggregate. As a part of the curriculum, you need to clear 4 Papers within a time frame of 18 Months. Candidates who secure 75% marks will be qualified for the CPA Certification.

CPA Exam 

CPA Exam Syllabus constitutes of 4 sections mainly. Each of the sections has its syllabus and exam 

  • Auditing and Attestation (AUD)
  • Regulation (REG)
  • Financial Accounting and Reporting (FAR)
  • Business Environment and Concepts (BEC)

You must pass all four sections within 18 months, earning a minimum score of 75 on each part. Each of the exam sections (FAR, AUD, REG, BEC) comprises of five smaller sections which are called testlets. Each of the testlets tests different items types in order to test the knowledge and skills of the candidates.

Important Read: CPA - Frequently Asked Questions

CPA EXAM PATTERN

There are three different types of exam items that will appear within the specific test lets in each section

1) Multiple choice questions (MCQs):
These will be presented in the first two testlets of each exam section
2) Task Based Simulations (TBS):
These are in the form of case studies. There would be 3 TBS testlets in AUD, FAR and REG exam sections and 2 TBS testlets in the BEC section
3) Written Communications Tasks:
These appear only in the BEC section and would be in the form of a memo/ letter.

Aspirants will be tested on the grounds of skills, knowledge levels, and analytical approaches.

CPA EXAM

TIME TAKEN

QUESTIONS

Auditing and Attestation (AUD)

4 Hours

90 questions and 7 task-based simulations

 Business Environment and  Concepts (BEC)

 3 Hours

72 questions and 3 written communications tasks

 Financial Accounting and  Reporting (FAR)

 4 Hours

90 questions and 7 task-based simulations

 Regulation (REG)

 3 Hours

72 questions and 6 task-based simulations

 

CPA FEES IN INDIA

Auditing and Attestation (AUD): $224

Business Environment and Concepts (BEC): $224

Financial Accounting and Reporting (FAR): $224

Regulation (REG): $224

International Testing Fee- $1426

Evaluation Fee- $225

Overall, the cost of pursuing CPA in India would be INR 3,00,000 approximately.

Important Read: CPA- Career Alternative for Commerce Students

CPA Jobs and Recruiters

The job role of a CPA is financial management which includes assessing and analyzing financial status of the client, reviewing financial documents, preparing reports related to capital, tax and audits, offer advice on book keeping and inform the client about changes in government regulation. The main tasks one performs as a CPA are listed below:

  • Prepare and assess financial records and statements.
  • Maintain records of all financial activities along with the records of assets, liabilities and tax.
  • Prepare financial reports for clients.
  • Ensure compliance with government regulations.

CPA licensed professionals are hired by individuals, corporate houses, industry, government, private and non-profit organisations.

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