About the CPA Examination
The Uniform CPA Examination assesses the knowledge and skills that entry-level CPAs need when they enter public accounting. A computer-based exam was introduced throughout the nation in April of 2004, allowing individuals to take one or more sections of the exam, in any order, on any day of the work week, at one of several testing centers.
IMPORTANT CPA EXAM NEWS
The new Uniform CPA exam, known as CBT-e (Computer Based Test - evolution) went into effect on January 1, 2011. CBT-e is a result of several years of monitoring the performance of the computerized CPA Examination from the perspective of candidates and state boards of public accountancy. It will bring substantial changes, including the testing of International Financial Reporting Standards (IFRS), the introduction of new task-based simulations and the transfer of communication skill testing to one section - Business Environment and Concepts (BEC). In addition, the scoring timeline will be shortened.
CPA exam and licensure candidates who have completed any education outside the U.S. (excluding approved college semester abroad programs) must have their credentials evaluated by the Center for Educational Documentation.
Significant Discounts on CPA Exam Review Courses and Simulated CPA Practice Exams
MSCPA members receive significant discounts on the following CPA exam review courses and simulated practice exams:
- Becker CPA Review
- ExamMatrix CPA Review
- Kaplan CPA Review
- Roger CPA Review
(Click on Professional Development to view discount information.)
Scholarship Lottery for CPA Exam Candidates
Each year, in an effort to increase the number of test takers and defray exam costs, the Society holds a lottery to award vouchers in the amount of $400 to ten individuals planning to sit for the exam. To qualify for the lottery, the exam candidate must be a Massachusetts resident and s/he cannot receive financial assistance from his or her employer in the form of payments/reimbursements of exam fees or review courses, or a bonus upon passing. The lottery application is posted by January 1 and the winners are selected in April. The term of the voucher is May 1 to April 30.
CPA Exam Blog
Read along and comment on the MSCPA Blog.
CPAs hold titles such as Managing Partner, Chief Financial Officer, and Chief Executive Officer for some of the most cutting edge and successful organizations.