Taking the US Uniform CPA Exam?
I know that there are specific requirements for every state before you are allowed to take the CPA Exams. I am thinking of applying to the NY Board of Accountancy.
Ive read their requirements and I am not sure if I need to have further studies before I am allowed to take the exam.
Anyways, for those who took it, especially foreigners who were allowed to take it:
Is it hard?
Is there any state that will allow me to take the exam bearing only my outstanding Philippine CPA title and my CIA? or do i really have to attend a formal study, say, on taxation?
Please help…
Favorite Answer
Eligibility for the examination must be on the basis of one of the following:
There are four ways under which you may meet New York’s educational requirements to sit for the Uniform CPA Examination:
1. Attend a New York State Licensure Qualifying Program in Accountancy
CPA Examination Services reviews education (see instruction below)
2. Attend other United States (U.S.) programs
CPA Examination Services reviews education (see instructions below)
3. Attend an Academic Institution outside of the United States or a combination of U.S. and non U.S.
New York State Education Department reviews education (see the instructions in your application packet or go to http://www.op.nysed.gov/cpa.htm.)
4. Have 15 years of public accounting experience
New York State Education Department reviews education (see the instructions in your application packet or go to http://www.op.nysed.gov/cpa.htm.)
TO MEET THE EDUCATION REQUIREMENT YOU MUST HAVE ONE OF THE FOLLOWING THREE (3) OPTIONS
Option 1 (only available through August 1, 2009)
A bachelor’s or higher degree and a minimum of 120 semester hours in the following areas:
– 24 semester hours in accounting, with courses in accounting principles (including advanced financial accounting), cost accounting, United States federal taxation, and external auditing; and
– 6 semester hours or 4 graduate credit hours in business law, including coverage of the
Uniform Commercial Code; and
– 6 semester hours in finance (No personal finance); and
– 3 semester hours in business statistics; and
– 21 semester hours in business and accounting electives; and
– 6 semester hours of economic principles which may be used toward fulfilling either the
business elective.
120-Hour Worksheet
Option 2
A bachelor’s or higher degree and 150 semester hours in the following areas, which include but are not limited to at least:
– 33 semester hours in accounting with courses in financial accounting theory and principles (including advanced financial accounting), managerial accounting, U.S. federal tax accounting, external auditing and computer auditing; and
– 36 semester hours in general business electives including business statistics,
commercial law, computer science, economics, finance; and
– The curriculum must also include the study of business/accounting communications, ethics/
professional responsibility, and accounting research.
150-hour Worksheet
Option 3
Fifteen years of public accounting experience acceptable to the State Board for Public Accountancy may be substituted for education.
Educational requirements must be met at the time of application.
Candidates with educational credentials outside of the U.S., must have their credentials evaluated by:
The New York State Education Department
89 Washington Avenue
Albany, NY 12234
(518) 474-3817 ext. 300
Is the exam hard? Yeah. There is about a 40% pass rate for each section of the 4 part exam.
Here is an updated list of requirements you must fulfill to take the CPA Exam if you wish to be licensed in New York: http://goo.gl/hBxQp2
If you are from any other state, you can get updated instructions on the requirements to take the CPA Exam here: http://goo.gl/4uXnc4
Best of luck as you study. Attaining the CPA designation is a career changing journey!
Regards,
Sarah
http://www.cpaexams.org/
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