AICPA Extends Contract With CPA Exam Partners


The AICPA, the National Association of State Boards of Accountancy (NASBA) and Prometric have extended until 2024 their contract to jointly offer the CPA Examination in the U.S. The agreement represents a 10-year extension of the exam contract.

 

Under the partnership, the AICPA is responsible for developing and scoring the Uniform CPA Exam; NASBA is responsible for the National Candidate Database; and Prometric, a wholly owned subsidiary of ETS, is responsible for examination delivery at authorized test centers.

 

“The CPA Exam is the gateway to the accounting profession, and under this arrangement we have seen the exam improve and grow,” Barry Melancon, AICPA president and CEO, said in a news release.

 

A passing score on the Uniform CPA Examination is one of the requirements for licensure as a CPA in the U.S. In April 2004, the computer-based CPA Examination was launched, and the paper-and-pencil version was discontinued. More than 1 million exam sections have since been administered by computer. About 93,000 candidates took the examination last year, setting a record for testing volume.

 

Where to find December’s flipbook issue

The Journal of Accountancy is now completely digital. 

 

 

 

SPONSORED REPORT

Get Clients Ready for Tax Season

This comprehensive report looks at the changes to the child tax credit, earned income tax credit, and child and dependent care credit caused by the expiration of provisions in the American Rescue Plan Act; the ability e-file more returns in the Form 1040 series; automobile mileage deductions; the alternative minimum tax; gift tax exemptions; strategies for accelerating or postponing income and deductions; and retirement and estate planning.