And you need to pass one CPA Discipline section, too. To pass the entire CPA Exam, you would need to know the content for AUD and FAR as well. You must also know federal law and the Uniform Acts for the Business Law content area. REG CPA Exam Section Content 2024 Content AreaĮthics, Professional Responsibilities, and Federal Tax Proceduresįederal Taxation of Property Transactionsįederal Taxation of Entities (including tax preparation)Īs you can see, passing the IQEX exam requires you to learn the Internal Revenue Code and federal tax regulations. CPA Exam ContentĪgain, we can look to REG to see which topics the IQEX tests you on and how much weight it assigns to each content area. Therefore, taking the CPA Exam instead essentially means that you must endure four times as many testing hours and answer approximately four times as many questions. Specifically, each section is 4 hours long and contains five testlets of different question types. Format of the REG CPA Exam SectionĪs mentioned, the CPA Exam features three more sections. The TBSs are case studies that you must complete using the information provided. The MCQs are questions for which you must choose the best answer from four answer options. The two types of questions on REG are multiple-choice questions (MCQs) and task-based simulations (TBSs). Exam Formatīecause the IQEX is essentially the REG CPA Exam section, the exam lasts for 4 hours and features five testlets with two different types of questions. So, as an IQEX candidate, you don’t have to take the other three sections of the CPA Exam. Plus, candidates must pass one CPA Discipline section of their choice, and the choices include Business Analysis and Reporting (BAR), Information Systems and Controls (ISC), and Tax Compliance and Planning (TCP). Basically, CPA candidates must pass all three Core sections, which include Regulation (REG), Auditing and Attestation (AUD), Financial Accounting and Reporting (FAR), and Taxation and Regulation (REG). In contrast, the Uniform CPA Exam has three Core sections and three Discipline sections. Therefore, the IQEX only has one exam section. The IQEX is essentially the Regulation (REG) section of the CPA Exam. ![]() What Are the Differences Between the IQEX and the CPA Exam? Number of Exam Sections Therefore, you can enjoy the advantages of the CPA by taking the IQEX and adding another accounting title to your name.įinally, the IQEX differences from the Uniform CPA Exam mean you save time and money on the CPA certification process by taking the IQEX. CPA is the most globally recognized accounting qualification in the world. generally accepted accounting principles (GAAP).įurthermore, the U.S. You would benefit from taking the IQEX if you would like to work for a U.S. NASBA has more information about IQEX eligibility requirements. You can still earn the CPA license, but you must take the Uniform CPA Examination. If you become a member of these associations on the basis of recognition for credentials earned in other countries, you may not be eligible to apply. South African Institute of Chartered Accountants.Institute of Chartered Accountants of Scotland.Instituto Mexicano de Contadores Publicos.Hong Kong Institute of Certified Public Accountants.Chartered Accountants Australia and New Zealand.Members of the following professional associations can take the IQEX rather than the Uniform CPA Exam: CPA certification by taking the IQEX instead of the Uniform CPA Examination. As a result of these agreements, accounting professionals from other countries qualify for CPA exemptions. ![]() professional associations and NASBA on behalf of the U.S. International Qualifications Appraisal Board (IQAB), a joint body of the AICPA and NASBA, recommends alliances between non-U.S. ![]() These associations must hold mutual recognition agreements (MRAs) with the National Association of State Boards of Accountancy (NASBA) in order for their members to take the IQEX and become U.S. ![]() CPA certification and are already members of certain non-U.S. The American Institute of Public Accountants (AICPA) has developed the IQEX for accounting professionals who would like to earn the U.S. The IQEX is the International Qualification Examination. Which IQEX Study Materials Do You Need?.What Does IQEX Exam Preparation Look Like?.How Do You Get Licensed After Taking the IQEX?.When and Where Can I Take the IQEX Exam?.What Are the Differences Between the IQEX and the CPA Exam?.
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