4. Regulation (REG – 4 hours long). This section covers knowledge of federal
taxation, ethics, professional and legal responsibilities, and business law, and the
skills needed to apply that knowledge. Covered by BSLW1021 (Business Law I),
BSLW1022 (Business Law II), ACCT4405 (Federal Taxation), ACCT6615
(Advanced Federal Taxation), ACCT6634 (Ethics and Professionalism), and
ACCT6626 (Taxes and Management Decisions). In the MSA: BSLW8803 (Law for
CPAs) and ACCT8816 (Federal Taxation).
B. Administrative Details of the CPA Exam.
1. The exam is administered only in electronic format. To apply for the exam, go
to NASBA (www.nasba.org) and download the Candidate Bulletin for the
Uniform CPA Exam. You will also need to download all the necessary application
forms or apply electronically (in some states). Each state has its own application
process.
In MA, you can apply for the exam even prior to graduation provided you submit
your completed transcript within 90 days of taking it. If you choose to apply prior
to graduation, you need to complete a notarized Certificate of Enrollment from
NASBA that specifies the courses you are currently taking and when you expect
to graduate. You can have Sara Nunziata in the undergraduate dean’s office
(Fulton 315) or the Office of Student Services in Lyons Hall sign and notarize the
form.
New York also allows you to apply for the exam before you graduate if you have
completed 120 credit hours (excluding APs) at the time of your application.
2. Most applications will require you to submit an application form, sealed
transcript (or better yet, have BC mail the transcript directly to NASBA) and all
the necessary fees. There is a separate fee for every application and every part of
the exam you wish to take. If the application is approved, NASBA will send you
a “Notice to Schedule” (NTS) that allows you to schedule your exam at any
Prometric Office in the country (http://www.prometric.com/CPA/default.htm).
You need not take the exam in the state you intend to practice. The NTS is valid
for at least six months from the date of issue except for Texas where it is valid for
only 90 days. Check the candidate bulletin for the list of states that have a valid
period longer than 6 months.
3. Before July 1, 2020, the exam could be taken during the first two months of
any calendar quarter, defined as a “testing window”. The “testing windows” were
from January 1 to February 28 (or 29), April 1 to May 31, July 1 to August 31, and
October 1 to November 30. As of July 1, 2020, testing windows will be replaced
by continuous testing, allowing candidates to take the exam year-round, without
restriction. It can take up to 6-8 weeks to process your exam application especially
during peak periods after graduation, so make sure to allow enough time.