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.

 

SPONSORED REPORT

Tax reform complicates year-end tax planning

Get your clients ready for tax season with these year-end tax planning strategies, which address how to make the most of recent tax law changes, such as the new deduction for qualified business income and the cap on the deductibility of state and local taxes.

VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.