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State Board Report

November 2014

Over 200 responses have already been received to the AICPA Board of Examiners’ ‘”Invitation to Comment: Maintaining the Relevance of the Uniform CPA Examination,” AICPA Vice President – Examination Michael Decker reported to the Annual Meeting on November 4. He said the BOE aims to make changes to the Uniform CPA Examination where they are necessary. As for changing the number of parts to the Examination, he said he thought there would be at least three sections, but there could also be five sections to the new examination. The BOE is going to study the comments they receive and they expect to go live with the new Examination in 2017. The comment deadline for the Invitation to Comment is December 2, 2014. It can be found on the AICPA website. Several NASBA Committees are developing the NASBA response to the document.

BOE Chairman Frederick Niswander explained that the practice analysis is a multi-year systematic research study that is used to ensure the Examination continues to test competence. Now the BOE is in the midst of the confirmation stage, but they intend to conduct a largescale survey in November and December 2014 on what is going to be tested, and then have an exposure draft by late summer of 2015. The content of the Examination is being updated on an almost daily basis, Dr. Niswander stated. He believes the Examination will move to more integration of topics and application.

NASBA Executive Vice President Colleen K. Conrad reported there were 94,349 unique Examination candidates in 2013. The number of candidates taking the Examination has been fairly flat over the last few years and dipped a bit this year.

Ms. Conrad alerted the State Boards that NASBA would be reaching out to them soon to ask if they would be willing to allow certain CPA exam candidates who had dropped out of the pipeline to be surveyed by a third party research organization engaged by AICPA to better understand the reasons why Uniform CPA Examination volumes have flattened. Ms. Conrad stressed that specific candidate information would never be shared with the AICPA per contract provisions with the market research organization.

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