CPA (Dec 2004) New Form Releases-2025

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The 2024 CPA changes will have a more significant impact on the BEC section of the US CPA course. Business Analysis and Reporting (BAR), Information Systems and Controls (ISC), and Tax Compliance and Planning (TCP) will replace the three core disciplines of the BEC section.
Between 2016 and 2020, the number of accounting graduates dropped by 17%, as reported by AICPA, while the number of CPA exam candidates has fallen by 27% over the past decade.
We dive into the reasons behind the shortage of CPAs in the accounting profession. The top barrier is the overwhelming workload and lack of time for studying. A staggering 43% of respondents cited work and family commitments as the primary reason for not pursuing the CPA credential.
Not only are fewer students pursuing accountancy, but among those who do, fewer want to stick around. Just over 67,000 candidates sat for the CPA exam in 2022. Thats down from roughly 72,000 the year prior and below its forecast of 74,000, ing to the American Institute of CPAs (AICPA) annual trends report.
How does the new CPA exam format differ from the previous one? The new CPA exam format introduced in 2024 emphasizes a core plus discipline structure. Candidates are required to complete three core exams covering essential accounting knowledge and choose one of three discipline exams to focus on a specialization area.
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To pass a CPA Exam section, you must score a minimum of 75. Have you ever wondered how the AICPA calculates your CPA Exam section scores? Scores are reported on a scale that ranges from 0 to 99.
Why Do Many Accountants Want to Quit Their Jobs? 1. Workload and Stress: Accountants often deal with long hours, especially during tax season or financial reporting periods. 2. Lack of Career Growth: 3. Monotony and Routine: 4. Work-Life Balance: 5. Perception of the Profession:

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