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| Tested Areas | The computerized CPA exam profoundly changed the way a CPA credential is earned. Except from the obvious transition from a pencil-and-paper exam to a computer-based test, the revised CPA Exam also contains a new content focus - broadening the scope of audit and attest areas and incorporating the assessment of critical skills, such as research and communication. Note, the exam's format also increases emphasis on general business knowledge and information technology.
The four areas tested in the CPA Exam are:
• Auditing & Attestation - covers knowledge of auditing procedures, auditing standards generally accepted in the United States (GAAS) and other standards related to attest engagements and the skills needed to apply that knowledge.
• Financial Accounting & Reporting - covers knowledge of accounting principles generally accepted in the United States (GAAP) for business enterprises, not-for-profit organizations and governmental entities, and the skills needed to apply that knowledge.
• Regulation - covers knowledge of federal taxation, ethics, professional and legal responsibilities, and business law, and the skills needed to apply that knowledge.
• Business Environment & Concepts - covers knowledge of general business environment and business concepts that candidates need to know in order to understand the underlying business reasons for and accounting implications of business transactions, and the skills needed to apply that knowledge in performing financial statement audit and attestation engagements and other functions normally performed by CPAs that affect the public interest.
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