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BECOME A CPAALL YOU NEED TO KNOW
Contents3 About AICPA12 Get a license4 What is CPA13 CPA timeline5 Top AICPA MRAs14 Career trajectory6 The CPA credential is in high demand15 Classes at EduMont7 Exam application process16 Why choose EduMont?8 Exam pattern20 CPA Fee10 How does scoring work?21 Contact us11 Who oversees the Exam?22 FAQs
About AICPAWe are the American Institute ofCPAs, the world’s largest memberassociation representing theaccounting profession.
What is?Just as we have CA in India governed by ICAI,we have CPA in USA governed by AICPACertified Public Accountant is the highestprofessional designation in accountingawarded by AICPA.CPAs build careers at major Corporates,MNCs, leading accountancy firmsincluding Big 4 in India and abroad
Top AICPA MRAsInternational Qualification Examination (IQEX)CPA CANADA(CPAC)AUSTRALIA NEWZEALAND(CAANZ)HONG KONG(HKICPA)The IQEX is an exam for accountingprofessionals from other countries who wish toqualify as U.S. CPAs and whose professionalbodies have entered into mutual recognitionagreements with the U.S. accountingprofession. We have established MutualRecognition Agreements (MRAs) with thefollowing professional associations that enableyou to qualify for the IQEX: CPA Canada (CPAC)IRELAND(CAI)MEXICO(IMCP)SCOTLAND(ICAS) Chartered Accountants Australia and New Zealand(CAANZ) Hong Kong Institute of Certified Public Accountants(HKICPA) CPA Australia Chartered Accountants Ireland (CAI) Instituto Mexicano de Contadores Publicos (IMCP)CPA AUSTRALIASOUTH AFRICA(SAICA) Institute of Chartered Accountants of Scotland (ICAS) South African Institute of Chartered Accountants
The CPA credential is in high demand.
Exam application processDetermine eligibilitySubmit applicationSchedule your exam Check with your selectedjurisdiction on requirements tosit for the Exam (staterequirements vary between 120or 150 hours of education). Complete application andsubmit required documentation. Schedule your exam with Prometricafter receiving NTS. Application is evaluated toverify eligibility to sit for theExam. Any U.S. Prometric test center can beused regardless of jurisdiction. Meet eligibility requirementsfor selected jurisdiction. Candidates receive Notice toSchedule (NTS). International locations require anadditional fee. NTS is valid for six months in mostjurisdictions (varies by state)For more information on your individual state board’s requirements, visit nasba.org/cpaexam
ExampatternThe Exam is a rigorous assessment ofthe accounting knowledge and skillsthat are directly connected to thework of a newly licensed CPA. Beforeyou begin your CPA journey, it’simportant for you to learn the basicsabout the Exam.Time frameEach section is taken separately. You will have four hoursto take each subject, for a total testing time of 16 hours.You must pass all four sections within 18 months. Thestart of the 18-month time frame varies by jurisdiction.Visit nasba.org/cpaexam for clarificationTest availabilityTesting is available year-round, and scores are releasedon a rolling basis. For more information, and a list ofjurisdictions that offer year-round testing,Visit nasba.org/exams/continuous-testingFour sections*Breaks Auditing and Attestation (AUD) Business Environment and Concepts (BEC) Financial Accounting and Reporting (FAR) Regulation (REG)You can choose to pause the Exam timer to take a breakfor 15 minutes after the third testlet only, or you canchoose to continue testing and not pause your Examtimer. You may also take breaks after all other testlets.However, the Exam timer can not be paused for thosebreaks.*Each section is divided into small segments called testlets.There are five testlets per section.
Item typesYou are tested using three types of questions(items):Multiple-Choice Questions (MCQ) MCQs appear inTestlets No. 1 and No. 2 in each Exam section.Task-Based Simulations (TBS) Simulations are casestudies that allow you to demonstrate yourknowledge and skills by working through a problem.TBSs typically require you to use spreadsheetsand/or search the Exam’s authoritative literature.TBSs appear in Testlets No. 3, No. 4 and No. 5 ineach Exam section.Written Communication Tasks (WCT) Writtencommunication tasks are found only in Testlet No. 5of the BEC section. You will need to read a scenarioand write a clear, coherent response. The directionswill explain the format of your response (e.g.,memo, letter, etc.)Exam resourcesAuthoritative literatureYou will have access to authoritative literature ineach Exam section and can search information tobe used in completing simulations
How does scoring work?What’s a passing score?Section scores are reported on a scale that rangesfrom 0 to 99. A total reported score of 75 or higheris required to pass each section. This is not apercentage of the correct score and cannot beinterpreted as a percentage. For more informationon how the Exam is scored, visitaicpa.org/examscoring.When will I receive my score?See the target score release dates ataicpa.org/examscorerelease.The Elijah Watt Sells AwardThe AICPA has bestowed theElijah Watt Sells Award on candidatesfor outstanding performance onthe Exam since 1923.Candidates are eligible for the award in thecalendar year following the year in which theycompleted testing. If a candidate meets all criteriafor eligibility, they will be contacted by the AICPAand informed of their recipient status. The award isbestowed annually upon candidates who: Have obtained a cumulative average score above95.50 across all four sections of the CPA Exam Passed all four sections of the Exam on their firstattemptSells was one of the country’s first CPAs. He wasactive in the establishment of the AICPA, and playeda key role helping to advance professional educationin the profession.
Who overseesthe Exam?Who administers the Exam?The AICPA, the National Association of State Boardsof Accountancy (NASBA) and Prometric have acontractual partnership to deliver the Exam. Formore information on the requirements to sit for theCPA Exam, visit nasba.org/cpaexam.Who oversees governance of the Exam?The AICPA Board of Examiners (BOE) provides oversight forthe Exam. The BOE sets development and scoring policiesthat follow legal and psychometric standards as theyrelate to the profession’s licensing exam. The BOE alsoensures that the Exam remains aligned with theknowledge and skills of newly licensed CPAsIn addition to being the world’s largest memberassociation representing the accounting profession,the AICPA also is responsible for developing andscoring the Uniform CPA Exam and for bringing youThisWayToCPA.com, a website designed specificallyfor college students and Exam candidates.After you have made your decision to sit for theExam, NASBA is the official location to find out thespecific requirements in the 55 U.S. accountingjurisdictions. Many states have candidates apply totake the Exam through NASBA’s CPA ExaminationServices (CPAES). It’s also the place to turn to receiveyour official score report.Prometric is responsible for the delivery of the Examto approved test centers, scheduling testappointments, test administration and returningresults to the AICPA for scoring.
Get alicenseExperienceEducationThe 4 E’s to CPA licensureCPAOf the four requirements,only the Exam is uniform andaccepted for CPA licensureby all jurisdictions.Experience, education andethics requirements vary byjurisdictionEthics*Exam*Most jurisdictions require a separate ethics assessment in addition to what is tested on the CPA Exam
CPA timelineTrain Self StudyPrepare and complete the 4 CPA exams
Career trajectoryAUD20 Years ofExperienceAudit Assistant Manager6 3 Audit Senior1 Audit Senior-IVice PresidentAccounts Manager8 Assistant Accounts Manager6 Team Leader3 Accounts Senior-I1 50Senior Accounts Associate0 Audit Associate-III0Sr. Vice President10 100150Salary p.a(in lakhs)020020406080Salary p.a (in Lakhs)REGPartnerJr. PartnerDirector/ExecutiveSenior ManagerManagerAssistant Manager20 15 12 10 8 6 3 1 0 Tax SeniorAdvance Tax AnalystTax Analyst0204060Saraly p.a (in Lakhs)80100120100120BECManaging Partner20 Partner15 Years ofExperienceExperienceYears of8 Country Head12 Audit Sr. ManagerC.F.O.15 Audit Principal/Executive10 0 Years ofExperience20 Audit Sr. PartnerAudit Jr. Partner15 FAR12 Vice President10 Sr. Vice PresidentEngagement Manager8 6 Associate3 Business Analyst020406080Salary p.a (in Lakhs)100120140
Classes at EduMontOur classes are live cast online, where we teach using a white board. So, imagine you are sitting in a class wherea teacher is teaching in front of you. Our technology allows us to simulate the same experience, where you couldraise your hand or directly ask queries or make any other request as you ordinarily would in a classroom. Exceptyou will be able to do all this from your home on your laptop.Our classes happen around the week. We start on the Weekends, where we conduct 4-hour sessions each onSaturday and Sunday to discuss the concepts. Later, during the week, on Tuesday’s and Thursday’s we solve actualquestions from the OTB. We look at the various techniques to derive the correct answers. This also helps you stayfocused on your goal to clear the CPA exams in the first attempt. All sessions are recorded and available on thesame day as recordings in your LMS for those who wish to study per their own schedule or for revision.How do we actually teach you here at EduMont?1We use realistic examples and businessapplications for each concept3Our Compendium of CPA Notes have niftymnemonics and memory tricks to helpyou remember important concepts.2We use interactive discussions to enhanceyour in-class participation. We even usepolls to gather your opinions/answers.4We also provide access to digital revisionflash cards for improved memory retention.
Why choose EduMont?Live classes, direct to homeVisiting IndustryexpertsFull-time,Dedicated andExperienced trainersMost comprehensive online trainingcourseInstructor led liveonline classes, usingwhite boardWe start from thebasicsLanguage is no barrier!Our training is bilingual270 hours of livetraining over 27 weeksCPA and CMA qualifiedfacultyCompendium of CPANotes with nifty memorytricks and mnemonicsDeep Dive VideosWeekly Online TestBank walkthroughPreparatory Guidance,Interactive studycircles/Groups withtrainer supportAccess internationalseminars/ webinars/events
Why choose EduMont?Wiley, USA : our academic material partnerAccess till you pass!Wiley Comprehensivestudy guideAutomated Exam andStudy PlannerAI powered Learning,designed to identify yourareas of weakness andhasten your preparationRevision Flash CardsRealistic Simulations andmore than 2000MCQs/Subject
Why choose EduMont?Designed to keep you focusedPrimary classes duringweekendsFollow up sessionsduring weekdays, inlater hours of the dayExam focusedprogressionFinal preparationstatus checkUser friendly online tools(LMS)Class recap videos‘Ask your CPA’- anonline forum fordoubt clearanceMCQ solving videosPre-highlightedOnline Notes
Why choose EduMont?Proactive assistance with AICPApre-enrolment formalitiesPost qualification critical supportLicense/CertificationAssistanceWe help you in choosing andapplying for the right licensewith an appropriate StateBoard of AccountancyOur Lead Coach verifiesyour work experience insupport of your licenseapplicationGuidance in gatheringrequired documentsAssistance withinternational‘Evaluation’ processGuidance with examreadiness and dateselectionAssistance inobtaining NTSWe leverage thisnetwork to achievethe followingpurposes: Instant Job Updates Applying for Jobs And to add Referrals to yourjob applicationPlacement AssistanceOur deep personalconnections with workingprofessionals in the industryhelps us in creating a strongnetwork
CPA Fee*Expenses may vary slightly depending on the selection of the evaluation agency and state board.Exchange rate used: US 1 INR 75.00 (includes foreign currency markup fees).
Contact UsLower Ground Floor, SaketSalcon Rasvilas, SaketDistrict Centre, Sector 6,Pushp Vihar, Saket, NewDelhi, Delhi-110017
AICPA’s Top FAQsQ: What’s the right order to take each section of theExam?A: There’s no right order. It varies by individualpreference. It’s up to you to determine the right orderfor yourself.Q: Do all candidates take the same Exam?A: You will take different, but equivalent exams. Thequestions presented to you are drawn from a pool of testquestions according to defined specifications. Althoughyou take different exams, the specifications ensure thatthe results are comparable.Q: How long should I study to ensure I pass the Exam?A: Like the answer above, this really varies by individual.Some can pass all sections with just a few hours ofstudying per week, while others may need 25 or morehours of studying per week to pass. As this is a rigoroustest, the more time you can set aside to study andprepare, the greater your chances of success.
Q: What are the semesterhour requirements?A: All jurisdictions requireaspiring CPAs to have 120or 150 credit hours to sitfor the Exam, depending onthe jurisdiction, and 150credit hours for licensure.Candidates generally willneed at least 24 semesterhours in accounting.Candidates generally willneed at least 24 semesterhours in accounting andbusiness, respectively,though some states requiremore or fewer. This doesn’tnecessarily mean that youneed a master’s degree,although that certainlyhelps. You can also meetthe requirement at theundergraduate level orearn your bachelor’sdegree and take courses atthe graduate level.Q: What happensafter I pass theExam?A: Passing all foursections of theExam means thatyou have achievedone of the majormilestones on theway to becominglicensed. Once youpass, and have metall otherrequirements, allthat stands betweenyou and your careeras a CPA is a stateissued license.Q: How do I find out when new content is eligible for testing on the Exam?A: This is referred to as the AICPA’s Policy on New Pronouncements, whichestablishes the time frame for when new content becomes eligible fortesting on the Exam. When you study for the Exam, you are advised to checkthe policy, which may be found at aicpa.org/cpaexam under the Exam studymaterials section. Additionally, the Exam Blueprints, which outline allcontent eligible for testing on each Exam section, are updated 1–2 timesa year, and can be found at aicpa.org/examblueprintsQ: What are the jurisdiction requirements?A: Each jurisdiction is different. Be sure to check their individualrequirements at nasba.org/cpaexam.Q: What are the experience requirements?A: Most jurisdictions require a year of experience working under a licensedCPA before they allow you to be licensed as a CPA, though some require twoor more years of experience
The 4 E's to CPA licensure. Of the four requirements, only the Exam is uniform and accepted for CPA licensure by all jurisdictions. Experience, education and ethics requirements vary by jurisdiction *Most jurisdictions require a separate ethics assessment in addition to what is tested on the CPA Exam . Get a license. Experience. Education .
