Studying for the CPA Exam

Auditing and Attestation (AUD)

4 HOURS

72 multiple-choice questions, 8 task-based simulations

Tests your knowledge and skills when performing audits and attestation engagements of issuer and nonissuer entities, and the preparation, compilation, and review of engagements.

Note: There are document review simulation (DRS) questions in this section. 

Auditing and Attestation covers the following content areas:

• Ethics, professional responsibilities, and general principles
• Assessing risk and developing a planned response
• Performing further procedures and obtaining evidence
• Forming conclusions and reporting

Business Environment and Concepts (BEC)

4 HOURS

62 multiple-choice questions, 4 task-based simulations, 3 written responses

Business Environment and Concepts covers the following content areas:

• Corporate governance
• Economic concepts and analysis
• Financial management
• Information technology
• Operations management

Financial Accounting and Reporting (FAR)

4 HOURS

66 multiple-choice questions, 8 task-based simulations

Financial Accounting and Reporting covers the following content areas:

• Conceptual framework, standards, standard setting, and financial reporting
• Select financial statement accounts
• Select transactions
• State and local governments 

Regulation (REG)

4 HOURS

76 multiple-choice questions, 8 task-based simulations

Regulation covers the following content areas:

• Ethics, professional responsibilities, and federal tax procedures
• Business law
• Federal taxation of property transactions, individuals, and entities