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THE UNIFORM CPA EXAMINATION MAKING A GREAT EXAMINATION EVEN GREATER

THE UNIFORM CPA EXAMINATION MAKING A GREAT EXAMINATION EVEN GREATER. Presented by Robert A. Pearson Chair CPA Licensing Examinations Committee (CLEC). CLEC Committee. Robert Pearson, CPA – Chair (Missouri) Robert Brennan, Ed.D (Iowa) Kay Carnes, CPA (Oregon)

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THE UNIFORM CPA EXAMINATION MAKING A GREAT EXAMINATION EVEN GREATER

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  1. THE UNIFORM CPA EXAMINATION MAKING A GREAT EXAMINATION EVEN GREATER Presented by Robert A. Pearson Chair CPA Licensing Examinations Committee (CLEC)

  2. CLEC Committee • Robert Pearson, CPA – Chair (Missouri) • Robert Brennan, Ed.D (Iowa) • Kay Carnes, CPA (Oregon) • William Dresnack, CPA (New York) • Rick Elam, CPA (Mississippi) • Pamela Hill, CPA (Missouri) • Richard Reisig, CPA (Montana) • Tom Weirich, CPA (Michigan) • Janice Wilson Marcum, CPA (California) • Joe Cote, CPA (NASBA)

  3. Report from CPA Licensing Examinations Committee • MISSION • Ensure that state boards of accountancy are provided with the best professional licensing examination possible • Make a great examination even greater

  4. Issues Facing a Great Examination • Fingerprinting • Used by other high-stake examinations • Assurance to state boards that they are licensing the person that passed the examination • NASBA has received confirmation that fingerprints, and other candidate information, are only available and being used for examination purposes

  5. Issues Facing a Great Examination • International Accounting Standards • Public companies – Mandatory in 2013 • Timely implementation as part of the examination and the educational process of candidates • Implementation of changes in authoritative material • The Invitation to Comment addressed changes to the current examination through CBT-e

  6. Issues Facing a Great Examination • ERB management letter • Suggested improvements to the current examination • Responses of the three parties – NASBA, AICPA and Prometric – setting forth improvements to be made

  7. Issues Facing a Great Examination • Practice analysis and exposure draft • CLEC had unanswered questions regarding the practice analysis and the weighing of the proposed changes • Unable to endorse the proposal based upon the materials provided • The exposure draft material may very well be correct and acceptable

  8. Monitoring of Issues that Will Make a Great Examination Even Greater • CBT-e improvements and the implementation of the practice analysis, an ongoing process in updating and improving the CPA Examination • Task-based simulations • Situational or dilemma-based ethics • Evolution and implementation of international accounting standards as part of the CPA Examination

  9. How State Boards can Help Make a Great Examination Even Greater • Tell CLEC how your state board would like to change or improve the CPA Examination • Provide CLEC with the name of at least one qualified person willing to be part of the AICPA Examination Committees • IT’S YOUR EXAMINATION– HELP TAKE IT FROM BEING A GREAT EXAMINATION TO AN EVEN GREATER EXAMINATION!

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