Testing for the CPA Exam before the 2017 changes? It can be tough to keep track of what’s been added to the exam by the AICPA and what you’ll actually have to know for 17Q1. Trust Surgent CPA Review for your quick overview of what changes affect the current testing window.
Effective in 17Q1 (before the April 1, 2017 exam changes)
AUD
- Reorganization of PCAOB Auditing Standards
- These new standards were adopted in March 2015 and became effective in December 2016
- Since AUD is heavily tested, this material will be tested on the exam
FAR
- ASU 2015-11—Inventory (Topic 330): Simplifying the Measurement of Inventory
- ASU 2015-17—Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes
- ASU 2016-07—Investments—Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting
- ASU 2016-07—Investments—Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting
Have questions on any of these ASUs? Watch our video with Surgent CPA Review co-founder Liz Kolar.
Remember, it’s still possible to pass at least one section of the CPA exam before it changes, and Surgent CPA Review is here to help! Follow these simple steps by downloading our infographic.