The US based Certified Public Accountant Exams (US CPA) were historically held only in US, Dubai and Middle East countries but due to the global pandemic COVID-19 which brought about disruption in the entire education systemThe AICPA, NASBA and Prometric after a pilot testing in India announced Indian candidates could take the US CPA Exams in India itself starting from January 1 2021.
ELIGIBILITY FOR INDIAN STUDENTS
The eligibility requirements are different according to the state
boards. To become CERTIFIED PUBLIC ACCOUTANT candidates need to fulfill the
eligibility criteria according to their respective state boards of accountancy.
In US there are 55 states which are members of the national association of
state boards of accountancy (NASBA). It
is a necessary for an Indian aspirant to hold a bachelor’s degree along with masters/CA/CS degree to complete the
credit points according to the NASBA. The total requirements of the credit
points are 120 to be eligible for giving the exam and 150 credit points
to hold a license.
THE CPA EXAM Procedure
Examination
procedure and pattern is the same for CPA as it is a uniform exam. For each paper, an examination fee
has to be paid every
time. After the application of the candidate has been accepted, the competent
authority sends a notice
to the candidate.
The CPA certification exam consists of questions from the following
four subjects.
1.
AUDITING AND
ATTESTATION
2.
BUSINESS
ENVIRONMENT AND CONCEPTS
3.
FINANCIAL
ACCOUNTING AND REPORTING
4.
REGULATION
CPA EXAM PATTERN
|
CPA EXAM TYPE |
TIME |
TYPES OF QUESTION |
|
AUDITING AND
ATTESTAION |
4 Hrs |
72 MCQs and 8
stimulations |
|
BUSINESS
ENVIRONMENT AND CONECPTS |
4 HRS |
62 MCQs , 4 task
based stimulations and 3 written communication tasks |
|
FINANCIAL
ACCOUNTING AND REPORTING |
4 Hrs |
76 MCQs and
8 task based simulations |
|
Regulation |
4 Hrs |
76 MCQs and 8
task based simulations |
Mode of Examination
The US CPA exams in
India are held in online mode as they are computer based exams. The exams are
held across India in 8 Prometric centers:
1. Ahemdabad
2. Bangalore
3. Calcutta
4. Chennai
5. Hyderabad
6. Mumbai
7. New Delhi
8. Trivandrum
Preparation towards US CPA Exam in India
·
To prepare for the exam, review the exam blueprints of AICPA and make use of all accessible exam resources
and study aids.
·
Choose a Review Course Provider which fits
your learning needs and style.
·
Opt for best in class instructors with
relevant industry experience.
·
Look for post qualification support from the
institute.
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For more about US CPA exams in India.
