CPA Exam Evolution & A Guide for Preparation

If you're about to take the CPA exam, we have some exciting news for you! If you're concerned about having to pass all four sections of the CPA exam before the CPA evolution takes effect in January 2024, rest assured: that you'll still have the same 18-month timeframe as before.

Although the content would be changed, your previously passed portions will be valid under the new model. Because the CPA evolution is in force, you will not lose any previously passed parts. In terms of administration, nothing changes. The core will retain the traditional three sections: AUD, FAR, and REG, as opposed to the AICPA and NASBA's previously declared core. BEC shall be phased out in favor of one of three disciplines: BAR, ISC, or TCP. 

To finish their journey, students must choose one of the three fields. Now, in light of the new policy, how should you prepare for the exam? 

• Try to pass all four sections before the transition. Yes, the core remains the same, but instead of having to take BEC in January 2024, you get to choose your discipline. However, in the last two years, the BEC pass rate has surpassed 60%, the highest of the four existing components.
• Pass BEC before 2024 if you can't pass all four parts and are prioritizing which one to pass as 2024 approaches. Once again, it has the highest pass rate of the four sections. Is there anything else we could say?
• You've scheduled BEC for December 2023, but there's still time. If you have time, what other aspects should you take up? The following are our recommendations for prioritization. AUD should be next on your pre-transition to-do list. Greater controls, a greater focus on service organizations, and more analytical methods are all part of the CPA Evolution. It will, as expected, be the most different from the existing AUD program. Take FAR after AUD. Today's FAR portion is similar to what you learned in intermediate and advanced accounting classes. Last but not least, if you have time before the transfer, take REG. Because tax regulations vary frequently, such as taxable thresholds, rates, deductions, and limitations.
• Finally, the 18-month window still applies, which means you must pass all four parts of the CPA exam within 18 months of completing your first section, whether it is before or after the CPA evolution is launched.

 Worried? Well, please don’t keep such a word in your dictionary with Miles at your support. Reach out to Miles with all your doubts and let the rest fall into their places. Get yourself prepared for the US CPA course in a timeline of 12 months. Study using McGraw Hill - CPA Study Guides - International Series - authored by Varun Jain. And nothing can be more beneficial than face-to-face classes, live online classes, and videos by industry experts. The 360-degree support for eligibility, NTS, CPA license, and placements are added advantages. With Miles Education, you will only be groomed to be future-ready. Miles is the one-stop solution for all your apprehensions!

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