The CPA Exam is undergoing changes in order to better reflect the evolving nature of the accounting profession and the skills and knowledge that are necessary for success. These changes, known as CPA Evolution, are being implemented by the American Institute of CPAs (AICPA) and the National Association of State Boards of Accountancy (NASBA). The new CPA core-plus licensure model is expected to launch on January 1, 2024 and will be structured in a four-section, 16-hour format.
The three core sections of the exam will cover accounting, auditing, and tax, with questions about technology being infused throughout. In addition, candidates will be required to have a deeper knowledge in one of three primary disciplines: Business Analysis and Reporting,
Information Systems and Controls, or
Tax Compliance and Planning.
These changes are being made to ensure that newly licensed CPAs are able to adapt to the changing requirements of the profession and are able to perform advanced tasks and contribute to complex projects early in their careers.