Get Prepared for the CPA Evolution: Explore How to Find Your Exam Discipline

 CPA Evolution is coming in January 2024 and that will significantly change the CPA exam pattern. This change will revise the exam's overall framework as well as the particular competencies that applicants will be assessed on. CPA Evolution is NASBA and AICPA's joint effort to upgrade the CPA licensing model to reflect the abilities and competencies necessary to practice accounting today and in the future. Thus, with the evolving exam pattern, it will get more challenging in 2024.

 Effective CPA Exam preparation will be more vital than ever. The good news is that you don't need to be concerned since Andrew Katz Tutoring is here to assist you with your CPA exam! They offer personalized gold-standard assistance for CPA Exam preps that can help you pass on your first attempt.  

 CPA Exam changes

The most significant change for candidates will be the replacement of the present four exam sections with three core test sections and three discipline sections. 

After Evolution, candidates must pass all three core sections:


  • Regulation (REG)
  • Auditing and Attestation (AUD)
  • Financial Accounting and Reporting (FAR)

 Along with one of the three following specialized disciplines, you need to choose one of the following:

  • Tax Compliance and Planning (TCP)
  • Business Analysis and Reporting (BAR)
  • Information Systems and Controls (ISC)

  However, the administration of the new CPA Exam is likely to stay unchanged: it will still last 16 hours, divided into four sections.

 How to choose your discipline

Since you will have to select one of the three disciplines for the fourth section, there are a few things you should know about each option. This will help you make a better decision.

CPA Evolution Disciplines

Here, each discipline is further divided into accounting specialties. Read carefully each one of them and choose the one that most interests you and in which you can see yourself working. 

 BAR - Business Analysis and Reporting.

If you are more interested in assurance or consulting services, financial statement analysis and reporting, technical accounting, and financial and operations management, go for BAR. The study material for the BAR section exam may have a data analytics focus and will evaluate subjects like financial risk management and financial planning approaches, including projections. 

 Career Prospects- Auditor in a public firm, accountant at a corporation, controller, chief accountant, and CEO/CFO.

 ISC stands for Information Systems and Controls

If you are interested in computers, information technology, or data management, consider ISC. It focuses on technology and business controls and aims for applicants interested in assurance or advisory services linked to business processes, information security and governance, information systems, and IT audits. This discipline's study material may include IT and data governance, internal control testing, and information system security, such as software access, network security, and endpoint security. 

 Career Prospects- Data manager, data engineer, data scientist, and IT auditor. 

 Tax Compliance and Planning (TCP)

If you want to work in tax and compliance, choose TCP. It may address advanced individual and entity tax compliance subjects, as well as extra information focusing on personal financial planning, and entity planning. Individual tax planning, multijurisdictional tax issues, consolidated tax returns, tax treatments of business entity formation and liquidation, transactions between an entity and its owners, and property transactions, including like-kind and involuntary exchanges and related party transactions, could all be covered in TCP study material.

 Career Prospects- Tax analyst, tax compliance officer, tax practice entrepreneur, and job in a company's tax department.

 Final Thought

Great! You are one step closer to passing the CPA exam. Remember, this choice is not the closure. Once you have obtained your CPA license, you will be allowed to practice in any field, regardless of the discipline you chose for the exam.

 If you still have concerns and need the best CPA exam tutoring, come straight to Andrew Katz Tutoring. You will get assistance in determining the best course of action. We are here to assist you at every step to passing the CPA exam- from choosing a discipline to passing your exam. 

 For more information visit: https://andrewkatztutoring.com/

 

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