Certified Public Accountant (CPA) Assessment Test

A Certified Public Accountant (CPA) Assessment Test evaluates candidates for their proficiency in the core areas covered by the CPA exam, including auditing and attestation, business environment and concepts, financial accounting and reporting, and regulation.

A Certified Public Accountant (CPA) Assessment Test evaluates candidates for:

• Auditing and Attestation (AUD):
  • Proficiency in the audit process, including planning, execution, and reporting.
  • Skills in evaluating internal controls and their impact on the audit plan.
  • Ability to collect and analyze audit evidence to support audit opinions.
  • Knowledge of ethical standards and professional responsibilities in audit and assurance engagements.
  • Expertise in identifying and assessing risks of material misstatement in financial statements.
• Business Environment and Concepts (BEC):
  • Understanding of corporate governance principles and their impact on business operations.
  • Knowledge of economic concepts and analysis, including microeconomics and macroeconomics.
  • Proficiency in financial management principles, including capital structure, working capital management, and financial statement analysis.
  • Familiarity with information technology and its role in business processes and internal controls.
  • Knowledge of operations management principles, including production, inventory management, and performance measurement.
• Financial Accounting and Reporting (FAR):
  • Ability to prepare and analyze financial statements in accordance with U.S. GAAP.
  • Knowledge of accounting standards and regulations, including FASB, IASB, and SEC requirements.
  • Understanding of revenue recognition principles and their application in financial reporting.
  • Proficiency in accounting for leases, liabilities, and contingencies.
  • Knowledge of accounting principles for governmental and nonprofit organizations.
• Regulation (REG):
  • Understanding of federal taxation principles for individuals, corporations, partnerships, and estates.
  • Knowledge of business law principles, including contracts, sales, and commercial paper.
  • Awareness of ethical standards and professional responsibilities in tax practice and business law.
  • Understanding of regulatory compliance requirements and their impact on business operations.
  • Proficiency in identifying and addressing legal responsibilities in business transactions.

Overall, our Certified Public Accountant (CPA) Assessment Test measures candidates' knowledge, skills, and experience in accounting, auditing, financial reporting, and regulatory compliance, providing valuable insights for hiring managers in public accounting firms, corporate finance departments, and government agencies.