AICPA Issues Exposure Draft on CPA Exam Content

The American Institute of Certified Public Accountants (AICPA) has released an exposure draft for public comment outlining proposed content updates for the CPA exam. It increases emphasis on ethics and provides more in-depth descriptions of the skills necessary for entry-level CPAs. It also proposes including International Financial Reporting Standards (IFRS) on the exam for the first time. (Read the AICPA News Release, Announcement Letter and Exposure Draft.)