AICPA Announces a Major Change for CPA Exam Candidates: Reduced Wait Time for Results

By AccountingWEB Staff
 
Beginning in the fourth quarter of 2011, exam scores will be released earlier and more frequently. Oliver Zhang, PhD, American Institute of Certified Public Accountants (AICPA) Senior Psychometrician, explained that the change is in response to the most common request made by test takers since 2004 when the exam went from a pencil-and-paper format to a computerized format. The computerized format allowed CPA candidates to take the exam one section at a time, but they wanted their exam results quickly so they could plan accordingly.
 
An update to the Uniform CPA Exam, called CBT-e (Computer-Based Testing-evolution), launched in January 2011. It includes what is called a Task-Based Simulation (TBS), "a short simulation that is akin to a subcomponent of the simulations previously found on the exam," Zhang said. Scoring data for a TBS is easier to gather, so scores can be released quicker.
 
Are you subscribed to AccountingWEB newsletters? Click here to sign up for free.
On its Web site, the AICPA states, "During the 2006-2010 testing windows, candidates' scores were released in two rounds: the first round approximately one week before the end of the testing window, and the second approximately two weeks after the end of the testing window. Under this improved score release schedule, exam scores will be released to NASBA following the first month of testing in a window, with subsequent score releases every two weeks for the remainder of the window." Typically, candidates who test early in a window will be eligible for the first round of score releases.
 
The AICPA has prepared a table outlining the target release dates of scores effective October 1, 2011.

You may like these other stories...

On a typical June day, Kentucky high school students David Wagner, Kayla Cook, and Michael Kiraly would be kicking back, enjoying all the pleasures of summer—playing video games, hanging out by the pool, or binge-...
Event Date: July 17, 2014, 2 pm ETThis webcast will cover the preparation of the statement of cash flows and focus on accounting and disclosure policies for other important issues described below.Participants will learn:...
The Madoff Ponzi scheme, financial crisis of 2007-2009, ongoing mortgage fraud and other scandals, and laws like Sarbanes-Oxley and Dodd-Frank that were passed to counter the fraudsters, send a clear message: fraud...

Upcoming CPE Webinars

Jul 16
Hand off work to others with finesse and success. Kristen Rampe, CPA will share how to ensure delegated work is properly handled from start to finish in this content-rich one hour webinar.
Jul 17
This webcast will cover the preparation of the statement of cash flows and focus on accounting and disclosure policies for other important issues described below.
Jul 23
We can’t deny a great divide exists between the expectations and workplace needs of Baby Boomers and Millennials. To create thriving organizational performance, we need to shift the way in which we groom future leaders.
Jul 24
In this presentation Excel expert David Ringstrom, CPA revisits the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both boost the integrity of your spreadsheets, but reduce maintenance as well.