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AICPA CPA-Regulation

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AICPA-Regulation Exam Questions

Exam number/code: CPA-Regulation

Release/Update Date: 09 Dec, 2024

Number of Questions: Maximum of 69 Questions

Exam Name: CPA Regulation

Exam Duration: 90 Minutes

Related Certification(s): AICPA Certified Public Accountant Certification

AICPA-Regulation Exam Topics - You’ll Be Tested On

The AICPA exam is a rigorous assessment for aspiring Certified Public Accountants, covering a wide range of topics essential for the profession. The exam is divided into four sections, each focusing on critical areas of accounting and financial management. The first section, Auditing and Attestation, delves into the principles and practices of auditing, including professional ethics, planning and executing audits, and evaluating internal controls. Next, the Business Environment and Concepts section assesses your understanding of economic concepts, business structures, and financial management strategies. It covers topics like financial statement analysis, corporate governance, and risk management. Financial Accounting and Reporting is the third section, which examines the preparation, presentation, and analysis of financial statements, including topics like revenue recognition, accounting for assets and liabilities, and disclosure requirements. Lastly, the Regulation section tests your knowledge of the legal and regulatory environment, including taxation, ethics, and professional responsibilities. This section covers federal taxation, professional and legal responsibilities, and business law principles.

Real AICPA-Regulation Exam Insights, from Actual Candidates

I was nervous about the AICPA CPA Exam, especially since I had heard it was challenging. I started my preparation by creating a study plan, allocating dedicated time each day to cover the vast syllabus. The first topic I tackled was auditing, which seemed complex at first. I focused on understanding the audit process, learning about different types of audits, and familiarizing myself with the standards and regulations. As I progressed, I realized that auditing was about more than just numbers; it was about ensuring the integrity of financial statements and providing assurance to stakeholders. The next topic, attestation, built upon my auditing knowledge. I learned about the different types of attestation engagements, such as reviews and compilations, and the specific requirements for each. I practiced applying my understanding of attestation standards to various scenarios, ensuring I could provide reasonable assurance to clients. Ethics and professional responsibilities were also crucial aspects of the exam. I studied the Code of Professional Conduct and reflected on the importance of maintaining high ethical standards in my practice. I understood that CPAs have a responsibility to act in the best interest of their clients and the public, and I committed to upholding these values throughout my career. As the exam date approached, I felt more confident in my preparation. I had covered all the topics, and my understanding of auditing, attestation, ethics, and professional responsibilities had grown significantly. On exam day, I approached each question with a calm and focused mindset. Even when I encountered challenging topics, I reminded myself of the extensive preparation I had put in. I trusted my knowledge and applied the concepts I had learned. As I completed the exam, I felt a sense of accomplishment and relief. I knew I had given it my best shot, and the months of hard work and dedication had paid off. A few weeks later, I received the news that I had passed the AICPA CPA Exam. It was a moment of immense joy and validation. I felt proud of myself for overcoming the challenges and achieving this significant milestone in my accounting career.
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