Your Ask Joey ™ Answer

What changes are being made to the CPA exam in 2024?

Big changes are coming to the US CPA exam in January 2024 (estimated)! The changes are being led by the AICPA and NASBA. The project is being referred as the “CPA Evolution”! Don’t worry, Universal CPA has already began to develop materials for the proposed changes!

The proposed 2024 CPA exam changes will follow a new “Core Plus Discipline Model”. According to the official website, the model starts with a deep and strong core in accounting, auditing, tax and technology that all candidates would be required to complete.

Then, each candidate would choose a discipline in which to demonstrate deeper skills and knowledge. The anticipated disciplines include tax compliance and planning, business analysis and reporting, and information systems and controls.

Obtained from

Regardless of chosen discipline, this model leads to full CPA licensure, with rights and privileges consistent with any other CPA. A discipline selected for testing would not mean the CPA is limited to that practice area.

According to the AICPA and NASBA, candidates currently studying should plan to take the exam prior to January 2024. A transition plan will be developed for candidates who have started, but not completed, the CPA Exam process by January 2024.

Learn more at the official CPA Evolution website.

Back To All Questions

You might also be interested in...

  • CECL Excel Workbook

    If you would like to use the Excel workbook that was used to create the Universal CPA lecture on CECL for debt securities, please click the link below to download the Excel workbook: CECL Calculation workbook (Universal CPA Review)

  • Journal Entry for Direct Materials Variance

    Journal Entry for Direct Materials Variance In the current year, Mission Burrito budgeted 6,000 pounds of production and actually used 4,000 pounds. Material cost was budgeted for $5 per pound and the actual cost was $8 per pound. What would the debit or credit to the direct material efficiency variance account be for the current...

  • Understanding Variance Analysis

    Variance Analysis Variance analysis is a method for companies to compare its actual performance vs its budgeted amount for that cost measurement (related to the flexible budget). The differences between the standard (budgeted) amount of cost and the actual amount that the organization incurs is referred to as a variance. By analyzing variances, the company...