2001 - 2002 CPA Exam Dates and Helpful Information

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Examination Dates 2001:

November 7-8, 2001

Examination Dates 2002:

May 8-9, 2002
November 6-7, 2002

Examination Schedule:

Business Law & Professional Responsibilities
Wednesday, 9:00 a.m. - 12:00 p.m.

Wednesday, 1:30 p.m. - 6:00 p.m.

Accounting & Reporting; and Taxation, Managerial, and Governmental and Not-for-profit Accounting
Thursday, 8:00 a.m. - 12:00 p.m.

Financial Accounting & Reporting
Thursday, 1:30 p.m. - 6:00 p.m.


LAW includes 50 to 60 multiple choice points, two or three essay questions worth 10 to 30 points, and two or three other objective questions (yes/no and matching) worth 20 to 30 points.

AUDITING includes 50 to 60 multiple choice points (in as many as 90 questions), two or three essay questions worth 20 to 30 points, and two or three other objective questions (yes/no and matching) worth 20 to 30 points.

ARE is entirely computer graded. It includes 50 to 60 multiple choice points, and other objective questions (yes/no, matching and numerical responses) worth 40 to 50 points.

FARE includes 50 to 60 multiple choice points, two or three problems worth 20 to 30 points, and two or three other objective questions (yes/no, matching and numerical responses) worth 20 to 30 points.

A handheld calculator is provided for the ARE and FARE sections.

Some essay responses on each exam section (other than ARE, which is entirely objective) are graded for writing skills in addition to being graded for technical content. Five points out of the 100 possible on each of these exam sections will be allocated to writing skills. Writing skills are evaluated for organization, conciseness, clarity, use of standard English, responsiveness to the question's requirements, and appropriateness for the reader.

The CPA exam is a closed book, secured examination. Candidates turn in all exam papers and question booklets at the end of the examination period. They are required to sign a statement that they will not disclose the contents of the examination. Question booklets are destroyed after the exam.



Evaluate the prospective client and engagement, decide whether to accept or continue the client and the engagement, enter into an agreement with the client, and plan the engagement (40%). Obtain and document information to form a basis for conclusions (35%). Review the engagement to provide reasonable assurance that objectives are achieved and evaluate information obtained to reach and to document engagement conclusions (5%). Prepare communications (reports and letters) to satisfy engagement objectives (20%).


Concepts and standards for financial statements (20%). Typical items in financial statements in conformity with generally accepted accounting principles (40%). Specific types of transactions and events in financial statements (40%).


Federal taxation - individuals (20%) Federal taxation - corporations (20%) Federal taxation - partnerships (10%)
Federal taxation - estates and trusts, exempt organizations, and preparers' responsibilities (10%)
Governmental and not-for-profit organizations (30%) Managerial accounting (10%).


Professional and legal responsibilities (15%) Business organizations (20%) Contracts (10%) Debtor-creditor relationships (10%) Government regulation of business (15%)
Uniform Commercial Code (20%)Property (10%)

CPAES administers the examination in 26 states. Those states are colored green in the map. Candidates in all other states must contact their state board of accountancy for further information.

You can view detailed information on requirements, fees and deadlines of a CPAES client state.

Each state has separate requirements (PDF file format) for candidates who wish to proctor within the state. Many states now require candidates to obtain 150 semester hours of education prior to taking the examination.

Most states require foreign candidates to have their credentials evaluated by a member of the National Association of Credential Evaluation Services.

CPAES provides grade review and grade appeal services. Through them, candidates may request to review and appeal their grades. The likelihood that a candidate's grade will change because of a review or an appeal is extremely low. However, the decision to review or appeal is up to the candidate.

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