“What CPA Exam sections should I take in 2010 before the 2011 changes?
I am seeing this question a lot lately. Candidates are confused about the 2011 changes, what exams are changing – what exams aren't changing, etc.
Let me break it down for you.
- FAR and AUD must be the priority. As of January 2011, they are both inheriting IFRS and candidates must be fluent in both GAAP and IFRS. Pass them before the end of the year.
- BEC is next. BEC isn't changing much except – oh, that you must be able to write essays about BEC topics. Don't want to write an essay about Governmental interference and its impact on the Supply Curve? Pass BEC before the end of the year.
- REG is changing the least. In fact, you could make the case that REG is getting “easier”. REG won't have IFRS in 2011 and AUD is taking some of the ethics material off of REG's plate. Yet another reason to pass AUD now and save REG for later.
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