Exam (elaborations)

CPA EXAM WITH CORRECT ANSWERS RATED 100%

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Course
CPA - Certified Public Accountant

Institution
CPA - Certified Public Accountant

How many parts does the current computerized CPA exam consist of? What are they? - Correct Solution: The CPA Exam consists of four, four-hour sections: Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR) and Regulation (REG) In Virgin...

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Uploaded on August 23, 2024
Number of pages 4
Written in 2024/2025
Type Exam (elaborations)
Contains Questions & answers

Institution CPA - Certified Public Accountant
Course CPA - Certified Public Accountant

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CPA EXAM WITH CORRECT ANSWERS RATED 100%
How many parts does the current computerized CPA exam consist of? What are they? -
Correct Solution: The CPA Exam consists of four, four-hour sections: Auditing and
Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and
Reporting (FAR) and Regulation (REG)

In Virginia, what requirements must be met to keep the designation "CPA"? - Correct
Solution: -Fulfill 120 hours of CPE every three years. 20 hours of CPE must be completed
each year
-Attend the appropriate forum for CPE credit
-Maintain documentation of your CPE hours for at least three years in case you are audited

In what year was the first national CPA exam administered? - Correct Solution: 1917

Is it possible to get an idea of what the exam looks like? Are they samples available? -
Correct Solution: Yes

Must all sections be taken at the same time? In any specific order? - Correct Solution: You
must pass all four sections within 18 months, earning a minimum score of 75 on each part

Once a part has been successfully completed, how much time does one have to pass the
remaining parts of the exam? - Correct Solution: You must pass all four sections within 18
months

Once, the candidate has passed all parts of the exam and completed the education
requirements, what other requirements need to be met in Virginia in order to be able to use
the designation "CPA"? - Correct Solution: Active CPAs must complete the required 120 CPE
hours over a rolling three-year period, with a minimum of 20 hours annually. The CPE
requirement also includes completing the two-hour Virginia-Specific Ethics Course annually
and eight hours of A&A courses, if applicable.

Since 2019, what is the renewal date for all CPA individual and firms' licenses? - Correct
Solution: A license can be renewed within 90 days of expiration and therefore renewals in
April and May 2019 will be valid until June 30, 2020.

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