The Uniform Certified Public Accountant Examination (Uniform CPA Exam) is the examination taken by people who wish to become Certified Public Accountants in the United States. The Uniform CPA Exam is developed and maintained by the American Institute of Certified Public Accountants (AICPA), and is administered by the National Association of State Boards of Accountancy (NASBA). In order to sit for the Uniform CPA Exam, a person must be declared eligible to do so by one of the 55 state boards of accountancy in the United States. However, the requirements of state boards vary. Thus, we should do some research about the state’s requirements we plan to take.
I would like to state the results I searched as follows. They include six major topics:
* The requirements to sit for the CPA Exam;
* The requirements to become a CPA in Texas The requirements to become a CPA in Texas; * What topics the Texas Uniform CPA Exam covers;
* Courses and options that are available to me to help study/prepare for and take the Texas Uniform CPA Exam; * Testing windows for the Texas Uniform CPA Exam;
* Additional information such as fees and test preparation books we can use. Firstly, to become eligible to apply for the Texas Uniform CPA Exam, we must meet three requirements. To begin with, we should be of good moral character. Good moral character is demonstrated by the lack of a history of dishonest or felonious acts. When we fill in the application of intent form, we would be asked questions relating to arrests, charges, convictions, probations and/or deferred adjudications of a felony or misdemeanor. Also, the board would check and investigate our reports. Second, we should hold a baccalaureate or higher degree from a United States college or university, or an equivalent degree from an institution of higher education in another country. Third, we should complete 150 semester hours or quarter-hour equivalents of college credit. It includes 30 semester hours or quarter-hour equivalents of upper level accounting courses, 24 semester hours or quarter-hour equivalents of upper level related business courses, and a 3-semester-hour ethics course. Secondly, although we passed four sections of the Texas Uniform CPA Exam, we may still not be a Certified Public Accountant. Except for having good moral character and passing the CPA Exams, to be a CPA in Texas, we also have meet two additional requirements. On the one hand, we need meet the qualifying work experience requirements. It is a one year of experience required and shall consist of full- or part-time employment that provides attest services or professional accounting services. Work experience must be gained under the supervision of a CPA who is responsible for supervising, evaluating and reviewing your work. The supervising CPA must hold a current license or permit issued by this Board or by another state board of accountancy. On the other hand, we have to pass the open-book examination on the Texas Rules of Professional Conduct with a score of above 85%. The examination is mailed to the person when he or she passed the CPA exam. The Texas Uniform CPA Exam incorporates four sections, including Auditing and Attestation, Financial Accounting and Reporting, Regulation, and Business Environment and Concepts. Firstly, The Auditing and Attestation section (AUD) covers knowledge of auditing procedures, generally accepted auditing standards and other standards related to attest engagements, and the skills needed to apply that knowledge in those engagements. The topics it covers and percentage allocation ranges are as follows: * Engagement Acceptance and Understanding the Assignment (12% - 16%).
* For example, the topics include determine nature and scope of engagement, consider the firm’s policies and procedures pertaining to client acceptance and continuance, establish an understanding with the client and document the...