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The AICPA CPA exam consists of four sections: Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG). Each section includes multiple-choice questions, task-based simulations, and written communication tasks for the BEC section.
The average salary for a Certified Public Accountant (CPA) in the United States varies by region and experience. Generally, CPAs can expect to earn around $70,000 to $90,000 per year. In metropolitan areas like New York City or San Francisco, salaries often exceed $100,000, reflecting the demand for skilled accounting professionals.
Effective study strategies for the AICPA CPA exam include creating a study schedule, utilizing review materials, and completing practice exams to familiarize yourself with the format. For comprehensive study resources, online platforms provide valuable tools for exam preparation, making them ideal for candidates looking to excel.
To pass the AICPA CPA exam, candidates must achieve a minimum score of 75 on each section. This score is not a percentage but rather a scaled score that reflects the exam's difficulty level. Understanding how to interpret these scores is crucial for planning your next steps.
If you do not pass a section of the CPA exam, you can retake it any time after a 24-hour waiting period. However, keep in mind that each state has its own policies regarding the number of attempts allowed within a specific time frame, so checking local regulations is necessary.