Comments on: CPA Exam: IFRS is Coming (someday)

By: Anonymous

Anonymous — Tue, 07 Apr 2009 18:14:22 +0000

ah.. did not know that about the sims.. understandable about the MCQ’s considering some are more difficult…just another reason it appears the exam is curved…

where did you get this info? (i believe you of course! just curious)

By: Jeff - another71.com

Jeff - another71.com — Tue, 07 Apr 2009 16:22:49 +0000

re: anonymous

The exam is uniform, but no two candidates will get the same exam MCQs or sims.

By: Anonymous

Anonymous — Tue, 07 Apr 2009 16:06:16 +0000

Nayaa…I also took AUD in Feb. since it is uniform our sims should have been the same and I didn’t see anything referring to IFRS?? Maybe you confused it with something else

By: Jeff - another71.com

Jeff - another71.com — Mon, 06 Apr 2009 00:57:54 +0000

Nothing will change in 2009. If it does, that loud sound you’ll hear is the collective groan of all of the review companies scrambling to change their materials around.

By: nayaa

nayaa — Sun, 05 Apr 2009 15:27:47 +0000

Jeff, I think the changes have already been implemented, coz I took Auditing exam on Feb 2009 and I had a simulation about (edited).(needless to say I was not prepared for it),Yes as you said it was probably tougher, coz After I took the test-I was confident I was going to clear it but the results said otherwise. Planning to attempt it again this month.

By: Nan

Nan — Sun, 05 Apr 2009 01:34:51 +0000

They can’t change the test for a new standard until a good 6 months or so after it is implemented, and they will make an official announcement stating when it is eligible for testing. Since the SEC is still taking comments on the implementation of IFRS, chances are almost zero that IFRS will be on the exam before 2010.

By: Anonymous

Anonymous — Sun, 05 Apr 2009 00:51:30 +0000

does that mean , Aud Bec and Reg won’t change till 2010, or will the change apply now? I am sitting for audit in April and BEC in may

By: Jeff - another71.com

Jeff - another71.com — Fri, 03 Apr 2009 21:53:02 +0000

You were supposed to give me a pass on the state school MBA comment.

By: Anonymous

Anonymous — Fri, 03 Apr 2009 21:41:02 +0000

I should note to my above post.. when I say CPA’s haven’t had any training I am obviously referring to the smaller firms around the country that don’t deal with firms that do business with or in countries abroad…I’m sure you know that these smaller firms make up the majority of the firms

By: Anonymous

Anonymous — Fri, 03 Apr 2009 21:38:27 +0000

In my “state school MBA” program (I did have an acct. concentration) I actually did some research on the shift to IFRS and the challenges facing universities, students, and U.S. firms for my international business class(was writing a research paper on it but in the end my professor nixed the idea saying the other non-accounting students would get confused…and by that I think she meant herself)…I agree, it’s “when” not “if”…The main problem I saw was just this. Most schools don’t require acct classes on international standards and a lot of schools don’t OFFER them because they don’t have anyone to teach them. Same with firms…Many CPA’s haven’t had any training unless they’re fresh out of school or have had some CPE’s. From what I read, the AICPA is concerned that there are no lliteral requirements for these type classes to sit for the exam so how can they test it. I think eventually the AICPA will have requirements for some hours (3, 6, whatever) of classes on international standards before they will be able to implement it full force into the exam. They say within 5 years. 10 years ago they said 5 years. I’m going to be safe and try to get my exam out of the way before then either way. The university I went to did not and still does not have any classes offered dealing with international standards so I know nothing other than waht I picked up doing that research.