June 19, 2018

CPA Exam Overlords Seeking Input From New CPAs on How to Improve the Exam

As we know, the AICPA is deep into a practice analysis which will change the CPA exam as you know it. They are consulting experts, educators, concerned volunteers, and the magical little gnomes that live inside Prometric computers just so your experience is slightly less awful.

Now we've learned, per a tipster, the AICPA is also reaching out to people recovering from their recent CPA exam experiences. Because who better than freshly-minted CPAs to share their feelings on the exam with the folks who oversee it?

Here's the email, maybe you got one:

Invitation to Participate in Uniform CPA Examination Focus Group

The AICPA invites you to participate in a focus group that will be used to update the Uniform CPA Examination.  We are conducting a large scale research project, known as a practice analysis, to update the Examination to ensure it remains at the forefront of the accounting profession.  As part of our research, the AICPA is requesting input from various stakeholder groups regarding the knowledge and skills necessary to become a licensed CPA.

A 2 ½-hour focus group will be held with newly licensed CPAs in public accounting on [date].  The meeting will be held at one of three times (8:30 am – 11:00 am, 12:30 pm – 3:00 pm, or 4:30 – 7:00 pm) depending on participant availability. The focus group will be held at [place].

As a newly licensed CPAs, you have first-hand understanding of the work that they perform, and the knowledge and skills required to perform such work.  During the focus group, we would like you to draw upon your experiences to inform us of the areas where you feel newly licensed CPAs must be proficient, where they are well prepared, and where they may be deficient.  Your insight into these matters is valuable to maintaining the excellence of the CPA credential.

A $150 honorarium will be provided for your time and travel.

If selected to participate, we will contact you with further information.

Thank you for your consideration.  Your time and attention to this matter is greatly appreciated, and we look forward to hearing your input.

The AICPA Examinations Team

$150 to sit around and complain about the CPA exam? I can think of at least fourteen dozen forum regulars off the top of my head who would stab one another for such an opportunity.

Our tipster stated they immediately accepted the invitation and would like the GC faithful to offer some suggestions as to how best to troll inform the AICPA how the CPA exam can be improved. Surely you have some ideas?

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Elijah Watt Sells Award Recipients Make the Rest of Us Want to Puke

The AICPA announced the winners of the Elijah Watt Sells awards yesterday. For you mere mortals, this is an award for the 10 highest cumulative scorers on the CPA exam.
Glancing over the recipients we notice that two Big 4 firms (KPMG and Deloitte) enslave employ five of the recipients. A couple of recipients work in industry and a few more work for smaller, local firms.
This leads to the obvious question of why the hell P. Dubya and E&Y were totally shut out? Grant Thornton and BDO were also blanked. Are the honchos at the Radio Station and Big D giving the worker bees more time to study? Are P. Dubs, E&Y, et al. cutting out the bonuses for passing and thus destroying anyone’s motivation for passing? Are those of you looking to pass already choosing between eating and sleeping (and maybe sex) so studying just isn’t happening? Sells was a Big D founder so maybe the whole thing is rigged? Thoughts anyone?
Oh and congratulate the recipients while you’re at it (without vomiting on them).

We’re Here to Listen to Your CPA Exam Stories Because We’re Solid Like That

Cpa_exam.jpgOkay, so the purpose of the Elijah Watt Sells post was not to make any of you feel like you’re lesser accountants. We just figured that a good portion of you were hung over today and the story of 10 individuals that got vomit-worthy scores on the CPA exam would get you past the nausea and running to the bathroom to lose that 3 am breakfast.
Now that you’re feeling better, we want to appeal to the rest of you. We want your CPA exam horror stories. Not because we want you to send you running back into the bathroom to sob in the stall. Not because some people we know passed all four sections in one sitting and don’t have any good stories. No, no. We want your stories because we here to listen to you. Besides, they’re probably funny now anyway. Aren’t they? Even if you’re still mortified or pissed off, this your opportunity to vent about it.
Sooooo, did you run out of gas on the way to the exam site? Did your computer crash with 10 minutes to go and you had to re-take the entire exam? We’re you caught cheating?!? Or watching porn? Impress us…