June 19, 2018

2016 CPA Exam Testing Window Extension and Transitional Credit

2016 CPA Exam

Please enjoy this sponsored content from Gleim CPA Review.

The next version of the CPA Exam will introduce a significant number of changes in 2017, and NASBA is anticipating an increase in candidates in 2016 due to those upcoming changes. Because of this uptick in demand, NASBA recently revealed two CPA Exam testing updates: a ten-day extension to the testing windows and new rules on transitional credit for exam sections.

The 10-Day Testing Window Extension

Starting in the second quarter (April/May) of 2016 and running until the new version of the exam is released in 2017, testing windows will be extended into the third month of each quarter by 10 days. For example, candidates can schedule their tests through June 10, 2016, even though usually June is a blackout month in which testing is not offered. The additional days available in June 2016, September 2016, December 2016, and March 2017 add up to another month and 10 days in which candidates can sit for the CPA Exam before the next version launches.

When the next version of the CPA Exam debuts in 2017, the 10-day extension will be temporarily suspended to allow the AICPA time to adapt to the scoring of the new exam. The extension will be available again in Q3 and Q4 of 2017.

CPA Exam extra testing days

The New Transitional Credit Rules

Even though the new CPA Exam will be considerably different from the current exam in some ways, NASBA has confirmed that the content and the sections of the two exams will still have enough in common to allow transitional credit to continue as usual. Therefore, candidates can combine sections passed in the 2016 version with sections passed in the 2017 version to achieve a complete pass of the CPA Exam. For example, if a candidate passes REG in July 2016, the candidate will not have to retake REG in 2017 but rather will retain conditional credit for passing REG for the usual 18 months.

NASBA also clarified that once the 2017 CPA Exam commences, the old version of the exam will no longer be available, i.e., there will be no migration period in which both versions can be taken.

CPA Exam table of sessions

More Good News

Both of these announcements are good news for current candidates because they make it easier for candidates to pass as many sections as possible before the exam evolves. Gleim CPA Review has even more good news to share: the Gleim CPA Review courses can empower candidates to pass all four sections of the CPA Exam in 2016! Learn more about how the CPA Exam study planner and many other features of our review systems can help you prepare to pass today!

Related articles

Try to Compose Yourselves After Reading This Post

Being accountants, we don’t have too may rock stars among us. Oh sure, maybe Tim Flynn is the cock of the walk at the Radio Station or Barry Salzberg can’t walk around Big D’s office without associates crawling all over each other to touch his clothes but these men pale in comparison to the immortal we are about to present to you.
If you saw this man on the street, his swagger would make your knees week, his impeccable attire would cause you to stare uncontrollably and the sound of his voice might overcome you with so much nervous excitement that you might projectile vomit all over him.
Find out who this man-god is, after the jump


We present you with this:
Tim2.png
Now we realize that the mere thought of Tim Gearty and Bob Herz on a cruise at the same time is probably more than most of you can handle but we had to share with you that the oracle of Becker Review was on Twitter bestowing encouragement and wisdom. All of you out there working to dominate the CPA exam can now rest easy that Tim will always be available in the Twitterverse.
You’re welcome.

PwC Is Sick of You Not Passing the CPA Exam

olinto_cpa.jpgStudying for CPA exam got you down? Tired of choosing between sleeping and listening to Peter Olinto’s melodic voice talking about partnership basis calculations?
Luckily P. Dubs feels your pain. We’ve heard from a couple of sources that PwC is pushing sabbaticals for those of you that are scoring just slighty better than Tiger Woods.
We’ve heard that San Jose is offering tax associates 20% of their salary through the end of the year to get their act together. We also hear the same offer has been made to audit associates in New York. We would assume it’s on the same time frame since both offices will need every warm body available come 2010.
We kindly requested some details from PwC but they haven’t gotten back to us.
If you’ve got more details on this offer from Dubs or are considering participating so you can strike the Pedro and T. Gearty from your gray mass, discuss in the comments.