AICPA Eligibility
A. Educational Requirements:
- Candidates must have completed a bachelor’s degree or higher from a recognized educational institution in accounting and business-related courses. However, this requirement may vary depending on the state’s specific requirements.
- Some states may require candidates to complete certain specific coursework in areas like accounting principles, auditing, financial reporting, taxation, and business law, typically at both undergraduate and graduate levels.
B. Experience Requirements:
Candidates must have relevant work experience in the field of accounting often ranging from one to two years of supervised work experience under a licensed CPA. This requirement may vary as per the state requirement.
C. Examination Requirements:
Candidates shall pass the Uniform CPA Examination (CPA Exam) conducted by AICPA. The candidates are expected to qualify all three core sections including Auditing and Attestation (AUD) Financial Accounting and Reporting (FAR) and Taxation and Regulation (REG) and Discipline sections including Business Analysis and Reporting (BAR), Information Systems and Controls (ISC) and Tax Compliance and Planning (TCP) within a period of 18 months, by earning a minimum score of 75 on each part.
D. Process:
1. Meet the educational and experience requirements mentioned above.
2. Apply to the state’s Board of Accountancy as per their specific requirements and application process.
3. Get yourself registered under the CPA Certification Program and qualify all the for sections of the CPA Examination.
4. Obtain your license of CPA by your state’s Board of Accountancy.
E. Fees:
|
Registration fee |
&100 – $400 |
|
Paper Fee |
$1000 for 4 CPA papers, generally 250 USD for each paper. |
|
International Testing Fee |
$390 per CPA Exam section |
|
Evaluation Fee |
$90 -$150 (Approx) |
|
CPA Exam Retake Fee |
$50-$200 |
|
CPA Review Course |
$1,000-$4,000 |
|
Ethics Exam Fee |
$250 and $320 |
Registration Fee – Basis of Section Opted
|
One section at a time |
$63 |
|
Two sections at a time |
$81 |
|
Three sections at a time |
$99 |
|
Four sections at a time |
$177 |
Application Fee: Application fee cost $344.80 per section amounting to around $1100- 1500.