Countdown to Launch – The Computerized Uniform CPA Examination

1. Countdown to Launch – The Computerized Uniform CPA Examination A Joint Project of the AICPA National Association of State Boards of Accountancy and Prometric, Inc.

2. Exam Launch Date April 5, 2004

3. Starting the Process

4. National Candidate Database

5. Three Options for Scheduling • Visit www.prometric.com/cpa • Call 1-800-580-9648 • Call Local Prometric Test Center • Schedule early! You are guaranteed your choice of date and location if you schedule 45 days in advance.

6. Notice to Schedule Candidate must have a valid Notice to Schedule (NTS) to make an appointment take the CPA Exam • indicates the exam section(s) approved, the validity (start/stop) dates, and the candidate’s individual examination launch code. • contains unique identifier that must be taken to the Prometric site to test.

7. Helpful Hints • Upon receipt of the NTS, thoroughly check it for accuracy. • Is your name spelled exactly right? • Are the approved sections correct? • Are the correct number of sections indicated? • If you find any errors, call your state board immediately.

8. Testing Windows OpenClosed April – May June July – August September October – November December January – February March

10. Check In Candidate Experience Candidates are asked to arrive at the Prometric Test Center 30 minutes ahead of their scheduled exam.

11. Taking the Exam Candidate Experience Upon completion of check-in, the candidate: • is seated at a designated workstation • begins the exam after proctor launches the session • is monitored by a Test Center Administrator • is video taped

12. Welcome To The Uniform CPA Examination Photo Please confirm that the following information is correct. Name:_____________________________Exam Section :______________________ If this information is incorrect select the Quit Exam button below and raise your hand so the Test Center Administrator can assist you. If this information is correct select the Continue button below.

13. You are about to begin the _______________________ section of the Uniform CPA Exam. You will receive _______ testlets. Each of three testlets contains ______ multiple choice questions. You should answer every question. Each of ___ testlets contains one case study, also known as a simulation. In the simulation testlets, a pencil icon on a tab indicates that a response is required within that tab. You should complete all tabs showing the pencil icon.Some of the questions or simulation tabs you will receive are pretest items. These items do not count toward your final grade. You will not know which items are scored and which are pretest items.You have ___ hours to complete the entire exam. You may work through each testlet at your own pace. However, once you exit a testlet and indicate you are done with that testlet, you cannot return. You will have the option to take a break at the completion of every testlet, except for the last testlet. Please note that if you decide to take a break, the clock will keep running. Use break time wisely.To begin the exam, select “Continue” below. The clock will start to run.

14. At Completion Candidate Experience Upon completion of the examination, the candidate: • signs-out • collects his/her belongings • turns in scratch paper • is given a Post Exam Information sheet Exam response data is pushed directly to the AICPA

15. Testing Center Technology • Unified Test Driver (UTD) -core of Prometric’s proprietary exam delivery technology • Top analysts consider UTD the industry leader • Since 2001, over 4.8 million exams delivered • Available in all Prometric test centers

16. The Examination • Four exam sections • Auditing & Attestation (4.5 hours) • Financial Accounting & Reporting (4 hours) • Regulation (3 hours) • Business Environment & Concepts (2.5 hours) • 14 hour total length

17. Examination Format • Multiple choice questions • Case-based simulations • test integrated knowledge • more closely replicate real world • assess research, written communication and other skills analytical skills

18. Auditing & Attestation • Auditing Procedures • Generally Accepted Auditing Standards • Other Standards Related to Attest Engagements • Skills Needed to Apply That Knowledge

19. Financial Accounting & Reporting • Generally Accepted Accounting Principles for: • business enterprises • not-for-profit organizations • government entities • Skills Needed to Apply That Knowledge

20. Regulation • Federal Taxation • Ethics • Professional and Legal Responsibilities • Business Law • Skills Needed to Apply That Knowledge.

21. Business Environment & Concepts • Business Structures • Economic Concepts • Financial Management • Information Technology • Planning and Measurement

22. Paper-Pencil Based Auditing 100% Financial Accounting & Reporting Business Enterprises 100% Accounting & Reporting Taxation 60% Gov/NPO 30% Managerial Acct 10% LPR Business Structures 20% Other 80% Computer Based Audit & Attest 100% Financial Accounting & Reporting Business Enterprises 80% Governmental 10% Not-For-Profits 10% Regulation Taxation 60% Law & Professional Responsibilities 40% Business Environment Business Structures 20% Managerial Accounting 10% New Areas 70% Exam Content Differences

23. Transitioning

25. Simulations Interface • Tab–style screens • Consistent across simulations and tests • Mouse-driven response • On-line resources available • Split-screen capabilities • Review capabilities within a simulation

35. Online Literature • Full text, summaries, & status of all FASB Statements of Financial Accounting Standards issued since 1973 (original pronouncements) • Free download • Go to www.fasb.org • Requires Adobe Acrobat Reader Version 5.0 or higher

36. Online Accounting & Auditing Literature • The AICPA RESOURCE Auditing & Accounting library: • AICPA Professional Standards • AICPA Technical Practice Aids • AICPA Audit and Accounting Guides • Audit Risk Alerts • Accounting Trends and Techniques

37. AICPA RESOURCES Cost • $70.00 for AICPA Student Affiliate/Recent Graduate members • $30.00 for member dues • $40.00 for online RESOURCE • Nonmember rate - $1,195.00 • FREEto AICPA Educator members • Nonmember educators can get free subscription by sending in letterhead confirmation

38. Grade Release Schedule-1st Year • Grades released by Boards • Each Board of Accountancy has its own schedule • Generally, Boards will release grades no later than one week after end of each testing window (i.e., June 30, September 30, December 31)

39. Granting of Credit • Credit for passed section(s) retained for 18 months • No minimum score requirement for failed sections

40. Are you sure you want to leave this testlet? You have not answered all questions in this testlet.

41. Are you sure you want to continue? If you continue, you will not be able to return to or review this testlet.

42. You have just completed a testlet of the exam. You may take a break. You are not required to take a break. Your time continues to run if you choose to take a break.If you wish to take a break, please select “Yes” below and see the Test Center Administrator to sign out. If you do not wish to take a break, please select “No” below and you will receive the next testlet. Break Option

43. You are on a break. You must leave the Testing Room. The Test Center Administrator will require you to sign out. You must present ID when you sign in. Select Continue below to continue the exam.

44. Are you sure you want to leave this testlet? You have not responded in one or more of the tabs. Note: The tab displayed requires a response. There may also be other tabs that you have skipped.

45. You have completed the Uniform CPA Examination. Please take a few moments to complete the following brief survey about your testing experience. Your valued responses will guide us in the continuing development of the exam.

46. www.cpa-exam.org

47. Questions