New York (September 2, 2014) – The American Institute of CPAs has issued an Invitation to Comment, requesting feedback from key stakeholders to shape the next version of the Uniform CPA Examination. The comment period opened today and runs through December 2.
The Invitation to Comment – Maintaining the Relevance of the Uniform CPA Examination is the first document available for public comment in the Practice Analysis, a comprehensive research study the AICPA is conducting to determine the outline for the next Exam. It explains the stages of the Practice Analysis and includes results from the AICPA’s preliminary research, as well as specific questions about the potential changes under consideration.
“The Invitation to Comment is an opportunity for key stakeholders such as state boards of accountancy, standard setters, public accounting firms, academics and state CPA societies to review our preliminary research and provide feedback,” said Michael A. Decker, AICPA vice president of examinations. “This valuable input will help influence the development of the Exam, and ultimately ensure that we’re continuing to protect the public interest, while setting the standard for testing accounting professionals.”
As part of the Practice Analysis, the AICPA’s research has found that the skills required of newly licensed CPAs are changing rapidly, underscoring the importance of ensuring the Exam continues to meet the needs of today’s ever-evolving business world.
The Invitation to Comment is accessible at aicpa.org/NextCPAExam, which includes instructions for submitting comments. Stakeholders are invited to comment on any or all of the proposals, all of which address AICPA’s initial research finding.
The Practice Analysis is sponsored by the AICPA’s Board of Examiners, in collaboration with the National Association of State Boards of Accountancy (NASBA).
About the AICPA
The American Institute of CPAs (AICPA) is the world’s largest member association representing the accounting profession, with more than 400,000 members in 128 countries, and a history of serving the public interest since 1877. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.
The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants (CIMA), it has established the Chartered Global Management
Accountant (CGMA) designation which sets a new standard for global recognition of management accounting.
The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.
Media representatives are invited to visit the AICPA Press Center at aicpa.org/press.
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