Thursday, October 08, 2009

US - CPA Exam to include IFRS questions

According to the American Institute of Certified Public Accountants (AICPA), major changes to the Uniform CPA Examination are now scheduled for the beginning of 2011. The AICPA Board of Examiners decided that making all the changes at once will serve exam candidates better than if they were introduced separately over a longer period. Questions on International Financial Reporting Standards (IFRS) are being added to the exam as part of the changes. (Read the article "CPA Exam to Undergo Transformation" at Journal of Accountancy online.)