The computerized Uniform CPA Examination has achieved one million administrations, according to the American Institute of Certified Public Accountants, National Association of State Boards of Accountancy and Prometric, the three parties in charge of the exam.
"The significance of the one millionth exam section transcends the milestone itself," said Barry Melancon, AICPA president and CEO. "More people are sitting for the CPA exam because the CPA profession has enjoyed unprecedented growth as an attractive career choice. Our research shows that colleges and universities are awarding more bachelors and masters degrees in accounting than at any other time in history."
Successful completion of the exam is required for licensure in all jurisdictions.
"Reaching the one millionth section of the CPA exam is not only impressive, it is extraordinary," said NASBA President and CEO David Costello. "NASBA and its state board members are proud of the high quality of this professional examination, which attracts better educated and prepared candidates and compels attention not only to technical accounting and auditing issues, but also to vital public interests. The successful completion of the CPA exam affirms educational achievement and points one to a career of service to the public and a rewarding life-long experience."
The AICPA, NASBA, and Prometric introduced the computerized CPA exam in April 2004. Candidates may sit for the exam in any of hundreds of Prometric test centers in the 50 states; Washington, D.C.; Puerto Rico; the U.S. Virgin Islands; and the NASBA test center on Guam. Individuals have 18 months to achieve successful completion of the exam, which consists of four parts:
- Auditing and Attestation
- Business Environment and Concepts
- Financial Accounting and Reporting
Prior to the computer-based format, the exam was paper and pencil-based and administered twice a year, in May and November, in large auditoriums. Candidates had to complete all four parts in two days.
"Delivering this exam one million times since it moved to computer in 2004 is a true testament to the success we've had with the delivery model," said Michael Brannick, president and CEO of Prometric. "Exam candidates have truly embraced the user-friendly interface, as well as the flexibility it provides with regard to exam administration times and locations."