AICPA, NASBA, and Prometric Reach Historic Agreement
NEW YORK, NASHVILLE, Tenn, and BALTIMORE (March 8, 2010) – The contract providing for nationwide administration of the Uniform CPA Examination in the United States has been extended until 2024 by the American Institute of Certified Public Accountants, the National Association of State Boards of Accountancy, and Prometric – the three organizations that jointly offer the CPA Examination in the United States.
“This 10-year extension of the exam contract from 2014 to 2024 continues the close and highly successful collaboration of the three organizations in the delivery of the computer-based examination for the past six years,” said Barry Melancon, AICPA president and CEO. “The CPA exam is the gateway to the accounting profession and under this arrangement we have seen the exam improve and grow. About 93,000 candidates took the examination in 2009 – a record.”
The Uniform CPA Examination is one of the “Three Es – Education, Examination, and Experience” that are required for licensure as a CPA in the United States. The CPA Examination consists of four sections: Auditing and Attestation; Financial Accounting and Reporting; Regulation; and Business Environment and Concepts. The testing time for the four sections combined is fourteen hours.
“NASBA looks forward to a continued and successful relationship with our partners AICPA and Prometric and is pleased to participate in an examination agreement that provides further confidence in the marketplace as to quality of content, delivery and administration,” said David Costello, NASBA president and CEO.
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