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CPA Exam 2024 - Dates, Fees, Eligibility, Syllabus, Scope, Result

CPA Exam 2024 - Dates, Fees, Eligibility, Syllabus, Scope, Result

Edited By Marar Sumeet Sudarshan | Updated on Apr 23, 2024 12:15 PM IST

The American Institute of Certified Public Accountants (AICPA) conducts the CPA exam 2024. As per the new CPA evolution being implemented from January 2024, the structure of CPA exam 2024 has undergone a change. The CPA exam has three core section and one discipline section to be chosen from three available section. The CPA exam 2024 is conducted throughout the window in four cycles. CPA in India is being offered since 2021.

A degree in CPA would complement someone who has passed CA course or appeared for CFA exams or CMA exams. In this article, get all the details of CPA exam 2024 including dates, eligibility criteria, registration and more.

CPA Exam 2024 Dates

The CPA exam is conducted four times a year. Candidates have to appear for three core sections and one discipline section. The dates are given below.

CPA Exam 2024 Important Dates

QuarterCore Section Exam DatesCore Section Score DatesDiscipline Section Exam DatesCore Section Score Dates

1

January 10 – March 26, 2024

June 4, 2024

January 10 – February 6, 2024

April 24, 2024

2

April 1 – June 25, 2024

July 31, 2024

April 20 – May 19, 2024

June 28, 2024

3

July 1 – September 25, 2024

October 31, 2024

July 1 – July 31, 2024

September 10, 2024

4

October 1 – December 26, 2024

January 29, 2024

October 1 – October 31, 2024

December 10, 2024

CPA Exam Eligibility Criteria 2024

Given below is the CPA exam 2024 eligibility criteria. Indian students aspiring to appear for US CPA must have atleast 120 credits in their academics. Each year of graduation results in 30 credits to the candidate. Given below are the eligibility criteria of CPA exam 2024.

  • A bachelor's degree

  • To appear for US CPA tests, an aspirant requires 120 credits.

  • To acquire a US CPA license the candidate should have at least 150 credits.

  • One year of university education in India is equivalent to 30 credits in the United States.

CPA Exam Application Form 2024

The CPA exam 2024 application form is open throughout the year. Candidates can appear in one or all the sections of the CPA exam. The CPA exam 2024 registration process is completely online. Candidates are required to get their eligibility determined by NASBA and then pay the application fee to complete CPA application form 2024.

How to Apply for CPA Exam 2024

  • Visit the official website- dashboard.nasba.org

  • Create an account using a valid email id for registration.

  • Select the option CPA

  • Upload the necessary documents for evaluation by NASBA

  • Complete other details in the application form for evaluation and determining eligibility

  • Confirmation email from NASBA after approximately 6 weeks determining the candidate's eligibility

  • Login to the CPA portal pay the CPA exam fee to complete the application

Documents Required for CPA Exam Application Form 2024

  • Passport or govt. issued ID card

  • Marksheet of each year/semester of the graduation/post graduation

  • Degree Certificate

  • Complete set of official English translations for marksheets and certificates that are not in English.


Also Read:

CPA Exam Syllabus 2024

The CPA exam syllabus consists of three core subjects and one discipline subject. The CPA core sections include subjects namely Auditing and Attestation (AUD), Financial Accounting and Reporting (FAR) and Taxation and Regulation (REG). Candidates also has to choose one discipline section from three available options namely Business Analysis and Reporting (BAR), Information Systems and Controls (ISC) and Tax Compliance and Planning (TCP).

CPA is a 4-hour long exam divided into four sections. The candidates must complete all the sections within the 18-month testing window. They may select any section in any order during one open testing window. The candidates can take any number of tests during the same window. However there is one catch. It is that the candidates can not take one section twice within the same testing window. And if they fail, in one part of the exam, they would not be eligible to re-attempt that specific exam until the next testing window opens for them. Below we have listed these sections and the potential areas for questions:

CPA Exam 2024 Syllabus Details

PaperSubjectTopicsWeight

Core Section Papers


Financial Accounting & Reporting (FAR)

Financial Reporting

30-40%

Select Balance Sheet Accounts

30-40%

Select Transactions

25-35%

Auditing & Attestation (AUD)

Ethics, Professional Responsibilities and General Principles

15-25%

Assessing Risk and Developing a Planned Response

20-30%

Performing Further Procedures and Obtaining Evidence

30-40%

Forming Conclusions & Reporting

15-25%

Taxation and Regulation (REG)

Ethics, Professional Responsibilities and Federal Tax Procedures

15-25%

Business Law

15-25%

Federal Taxation of Property Transactions

5-15%

Federal Taxation of Individuals

22-32%

Federal Taxation of Entities

23-33%

Discipline Section Papers

Business Analysis and Reporting (BAR)


Business Analysis

40-50%

Technical Accounting and Reporting

35%-45%

State and Local Governments

10-20%

Information Systems and Controls (ISC)

Information Systems and Data Management

35%-45%

Security, Confidentiality and Privacy

35%-45%

Considerations for System and Organization

Controls (SOC) Engagements

15-25%

Tax Compliance and Planning (TCP)

Tax Compliance and Planning for Individuals and Personal Financial Planning

30-40%

Entity Tax Compliance

30-40%

Entity Tax Planning

10-20%

Property Transactions (disposition of assets)


10-20%

CPA Exam Pattern 2024

The CPA Exam 2024 Pattern consists of multiple choice questions in each section and also task based simulations, each with different weight. The details are given below.

CPA Exam 2024 Structure

PaperCourseDurationNo. of MCQsWeightNo. of Task Based SimulationsWeight

Paper-1

Financial Accounting & Reporting (FAR)

4 Hours

50

50%

7

50%

Paper-2

Auditing & Attestation (AUD)

4 Hours

78

50%

7

50%

Paper-3

Taxation and Regulation (REG)

4 Hours

72

50%

8

50%

Paper-4

Business Analysis and Reporting (BAR)

4 Hours

50

50%

7

50%

Paper-5

Information Systems and Controls (ISC)

4 Hours


82

60%

6

40%

Paper -6

Tax Compliance and Planning (TCP)


4 Hours

68

50%

7

50%

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Skill Levels to be Assessed in Each Section

SectionEvaluationAnalysisApplicationRemembering and Understanding

AUD

5–15%15–25%30–40%30–40%

FAR

-35–45%45–55%5–15%

REG

-25–35%35–45%25–35%
BAR-30–40%45–55%10–20%
ISC-10–20%20–30%55–65%
TCP-25-35%55–65%5–15%

CPA Exam 2024 Fees

The CPA exam fees India is as follows.

  • International Evaluation Fee: The international evaluation fee is $ 225
  • Application Fee: Depending upon the state, the application fee is around $50-$200
  • Examination Fee: $193.45 (approx.) for each section
  • Registration Fee: One section at a time- $63, two sections at a time- $81, three sections at a time- $99 ,four sections at a time- $177
  • Ethics Fees: Candidates are also required to pass an ethics exam after clearing the uniform CPA exam. The ethics exam costs between $150 and $200.
  • CPA Licensing Fees: Candidates who pass the uniform CPA exam and the ethics exam are eligible to receive a license, which costs between $50 and $500 per year depending on the state. To maintain the CPA license and practice CPA, one needs to pay the licensing fees every year for the rest of their professional life.
  • Continuing Professional Education (CPE) for CPA Exam: Many states require public accountants to complete 40 hours of continuing education each year in order to keep up with industry standards and changes. As a result, the approximate cost of this CPE could range from $800 to $5000 per year.

Also Read: Top 10 Certification Programs to get High-Paying jobs

CPA Exam Centres In India

CPA exam is being offered in India since 2021. Ahmedabad, Bangalore, Calcutta, Chennai, Hyderabad, Mumbai, New Delhi, and Trivandrum are among the the CPA exam centres in India. Candidates no longer need to visit the Middle East or USA to attempt the CPA exam.

CPA Exam Result 2024

The CPA exams are conducted throughout the year. Hence, the CPA exam result 2024 date depends on when the candidate appears for the exam. The AICPA usually announces the score release dates for the first half of a subsequent year in the December month of the previous year. The score release date for the second half of the year is announced by June of that year. The CPA exam result score is released after AICPA sends the scores to NASBA.

Scope and Opportunities of CPA Exam 2024

Candidates who clear the CPA exam stand to benefit from the certification in the following ways.

  • Increased opportunity in the short and long term

  • International credential recognised across the globe

  • Future Job Stability

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Frequently Asked Question (FAQs)

1. How many times can you take a CPA exam?

You can attempt the CPA exam as many times as you require. But keep in mind that, you can only complete each section once per testing time frame.

2. What is the passing score for the CPA exam?

A score of 75 is mandatory to pass the exam. Each component of the CPA Exam is graded on a scale of 0 to 99. You will need a minimum of 75 is required to pass a section.

3. How much does a CPA professional earn in India?

In India, CPA professionals with 1-4 years of experience get an average median salary of 6 -7 lakh per annum.

4. What is the demand for CPA professionals in India?

As the number of start-ups and multinational corporations (MNCs) in India grows, so does the demand for CPA certified personnel. CPAs are preferred over CAs because they have in-depth knowledge of issues such as US GAAP, IFRS, and US Compliance and Taxation. CA, on the other hand, is exclusively familiar with Indian GAAP.

5. What is the difference between a CPA and a CA exam?

The American Institute of Certified Public Accountants (AICPA) in the United States oversees the CPA test. It is a single-level test with four papers that is recognised both in the United States and internationally. The CA is a three-level exam with 16 papers that is supervised by the Institute of Chartered Accountants of India (ICAI).

6. Who are the top recruiters hiring CPA professionals?

Some top recruiters that look professional who complete the Certified Public Accountant Exam are: Deloitte, KPMG, Accenture, PWC, American Express, Philips, Capgemini, Barclays, Tata Power, Genpact, JP Morgan, EY, WNS, and MetLife.

7. How many hours of study are required to prepare for the CPA exam?

Ideally, candidates must at least give 15-20 hours per week to prepare for the CPA exam.

8. What type of questions are there in the CPA exam?

All four sections of the CPA Examination are MCQs (multiple-choice questions).

9. Which is the easiest part of the exam?

BEC is one of the simplest within the 4 categories as it has the best success rate. As the most thorough subject of the CPA Exam, FAR (Financial Accounting and Reporting) is considered the toughest while the AUD and REG are both intermediate.

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