US CPA Preparation Strategy Beyond 2024

Announcement - Beyond January 2024 will bring a major change in the structure and exam of the US CPA course with CPA evolution is on its way.  AICPA rolled  out the CPA exam model by July 2022 earlier this year. The new blueprint will give you a broader understanding of the skillssets  and the industry trends of the F&A  industry and the concepts that will be a part of the CPA course. As a student,  does this matter to you? Absolutely. Let’s see how.

So, what are the changes?

To begin with, the new US CPA syllabus will have 3 sections: FAR, AUD and REG. To add on, you need to pass either one of the 3 subjects depending on their interests and skillsets: Business Analytics and Reporting (BAR), Information Systems and Controls (ICS) and Tax Compliance and Planning (TCP). 

The Big Question - Why does the CPA Evolution Matters?

If one is graduating from college after 2023, then you should not be worried as much.  You will need to utilize this time in intaking the  the CPA exam structural changes and get acquainted into the new curriculum. Most importantly you need to think about the CPA course and contemplate on acquiring the skill sets that match up to the CPA course in India .

Now, for the folks graduating in 2023, there will be changes for you.  You will need to take a drastic and planned approach about the new CPA evolution. As per NASBA’s policy, students who have secured the credits already for AUD, REG and FAR will be exempted from taking new subjects of AUD, REG and FAR exams in the year 2024. Those who have already earned credits for BEC by 2023 will be exempted from taking new concepts. One more technique students at this point should try and complete BEC and AUD before the evolution tide actually rises as it is expected to be the toughest sections that will have the major changes.  

Having said that, if candidates have to take new concepts in the post CPA evolution era, they will need the advice of mentors in the best CPA review institutes in India to understand the process end to end holistically.

The most crucial stage has arrived, which is getting ready for the US CPA exam. Even though passing the CPA exam is not very difficult, you still need to work hard. Finding the best training facility is the first step. A training institute should have a faculty, study materials, mentoring, and placement aid, among other things. Then, make a study plan, use the study resources, and seek the advice of the faculty to comprehend the topics. And in this case, Miles Education is just the right platform for you.

Now as per us, the best option for you to sit for the CPA exam would be in 2024 in the new model. This will not only give you breathing space to decide on the new concepts but also prepare well for the new exam syllabus and structure.  For candidates that have already started their preps, the best approach is to continue with your CPA classes and preparation so that you can understand the changes and also adapt to the new strategt/curriculum. 

And as always, Miles has got you covered. To know more about the CPA evolution, speak to our program advisor today.