CPA Sections
The uniform CPA Examination is divided in to four sections of
- Auditing & Attestation
- Financial Accounting & Reporting (business enterprises, not-for-profit organizations, and governmental entities)
- Regulation (professional responsibilities, business law, and taxation)
- Business Environment & Concepts
Section I (4.5 hours)
The Auditing and Attestation (AUD)
This section covers ideas like planning an engagement, auditing procedures, Obtain and Document Evidence and other standards related to attest engagements, and the skills needed to apply that knowledge.
Section II (4 hours)/
Financial Accounting & Reporting (FAR)
This section covers Concepts and standards for financial statements, Typical items in financial statements, Specific types of transactions and events, Accounting and reporting for governmental entities etc.
Section III (3 hours)
Regulation (REG)
This section covers knowledge of ethics and professional responsibility, business law, Federal tax procedures and accounting issues, Federal taxation of property transactions, Federal taxation – individuals, and Federal taxation – entities etc.
Section IV (2.5 hours)
Business Environment & Concepts (BEC)
This section covers knowledge of business structures, economic concepts, financial management, information technology, and planning and measure