Are there any possibilities that the AICPA start releasing scores this week?
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GSU Josh
offlineMemberAs random as the AICPA is, it's always possible. I'm not counting on it whatsoever, though. Anytime predictions are made, the score releases are always later than earlier. I would say 99% that BEC release starts on Monday (16th) or Wednesday (18th). They love to release on MWF for some reason. And almost certainly the order will be BEC, AUD, FAR, REG. They have been following this order all year. Look for the NASBA tweet at exactly 4:15 P.M. It's sad, but I have almost completely figured out their art of the score release. I hate the whole process, and it makes your score feel like life or death. Either you pass (pure ecstasy) or you fail (pure hell).
AUD - 74, 87; BEC - 84; FAR - 78; REG - 79
It's done, Son!Posted 1 year ago # -
75 CPA
offlineMemberGSU Josh
What are your thoughts on why the AICPA releases scores the way that they do? I am especially interested in why the AICPA takes an inordinate amount of time to release scores. What is the objective of the AICPA in releasing scores in the manner that you described? What is the self-interest of the AICPA in delaying the score release?
Going to computer-based exams should have speeded up the score release process over the paper-based exams, but I do not think that has happened. Why? What is the AICPA hiding? I do not think that the answer can be found in the AICPA rationalizations.
Posted 1 year ago # -
GSU Josh
offlineMemberPersonally, I feel that the whole warped score release process is to make the hill to climb for the CPA title that much harder. They want to make it as long and painful as possible to get through this thing so people will give up or not attempt it in the first place. Once you pass the exam, you will be glad for all their annoying ways. It is also why pass rates are so low. They want to control the number of the CPA's in the market as it is their profession as well.
As far as REG being released, I would bet on the AICPA release on Monday, August 23rd. You should then actually be able to see your score on Tuesday.
AUD - 74, 87; BEC - 84; FAR - 78; REG - 79
It's done, Son!Posted 1 year ago # -
CPAWannaBe
offlineMemberGSU Josh,
I agree. The AICPA tortures us as if it's some rite of passage. Each window I say, "Thank you, sir. May I have another?".
Every now and then FAR will be released second. Yes, it is quite sad that I have been following the score release for over a year.
REG - 75 (expired, retake July 2011)
FAR - 69, 64, 67 <-Becker, 80 <-Yaeger
AUD - 82 ETHICS - 100
BEC - 72 (retake May 2011)Posted 1 year ago # -
75 CPA
offlineMember“The main purpose of CSOs/SSOs – for any licensure examination –
is to ensure that the testing of entry-level knowledge and skills that
are important to the protection of the public interest is consistent
across examination administrations. This means that the Uniform
CPA Examination CSOs/SSOs are used to determine what kinds of
questions should be included on the CPA Examination so that every
version of the examination reflects the required distribution and balance
of knowledge and skill components.”PROTECTION OF THE PUBLIC INTEREST???
The AICPA says, “A score of 75 indicates examination performance reflecting a level of knowledge and skills that is sufficient for the protection of the public.” “The protection of the public” statement is for public consumption. Most people are naïve enough to buy this cover story. The CPA exams are about the self-interest of the AICPA. Economists call this type of behavior “rent-seeking.”
“Rent seeking is the term used by economists when referring to actions taken by individuals and groups seeking to use the political process to plunder the wealth of others (Rowley, Tollison, & Tullock).” Rent-seeking behavior is the idea that government licensure of professions is necessary to protect the public. Milton Friedman, 1976 Nobel prize winner in economics, wrote his PhD dissertation at Columbia in the 1940’s on rent-seeking behavior. He refuted the constantly repeated mantra of rent-seeking behavior. Milton Friedman’s works provide empirical evidence that licensure is nothing more than a mechanism used by members of a profession to raise the entry costs, and thus keep wages and profits artificially high. Rent-seeking behavior improves the welfare of someone at the expense of the welfare of someone else (Baker, Morris, Barnett).
Now I understand why the CPA license requirements went up from 120 hours to 150 semester hours! Accounting majors who graduate with 120 hours are not “qualified” to sit for the CPA exam. Voila! Fewer CPAs translate into higher fees.
The sole purpose of the CPA exams is to keep us from being CPAs. We are all weeds that the AICPA would like to pull (rent seeking behavior). We are not being tested on how smart we are. We are being tested on our perseverance. Additionally, the very tight time constraints on the exams have nothing to do with one’s knowledge of the subject. It is just another device to eliminate CPA candidates.
References
Baker, R., Morris, D. & Barnett, J. (2001). How a free market creates wealth. Verasage Institute.
Rowley, C. K., Tollison, R. D., & Tullock, G. (1988). The Political Economy of Rent-Seeking. Boston: Kluwer Publishers.
Posted 1 year ago # -
suzzette1
offlineMemberWhat about the cut off for wave 1this window?. I read that it is August 6th but I remembered getting my BEC result in wave1 even though I took the exam after their supposedly "cut off date". Any inputs?
BEC 2/8/10 - 75 (studied hard & prayed less)
REG 5/15/10 - 88 (studied less but prayed hard)
AUDITING 8/9/10 - 79 (studied hard and prayed hard)
FAR 11/30/10 - 79 (studied hard and prayed hard) Thanks GOD! I'm DONEPosted 1 year ago #
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