June 22, 2018

Impatient CPA Exam Candidates Won’t Be Pleased With the 2017 Score Release Schedule

A tip came in earlier today noting that the 2017 CPA exam score release schedule looks a bit different than in recent years past:

I'm not sure if it has been like this before but they aren't releasing CPA exam scores nearly as often this year.  Looks like in quarters 2-4 they are just saying screw it, lets make them wait forever.

Here's what our tipster is referring to:

If you look the 2016 release schedules for Q1/Q2 and Q3/Q4, you'll not that they're similar to Q1 2017 above. That is, candidates only had to wait a couple of weeks max, with most people getting their scores in about a week.

Starting in Q2 this year, however, candidates will have to wait 10 weeks. That's two-thirds of the summer! The AICPA, perhaps knowing how millennials feel about waiting, provided this explanation on the website:

Due to the change to the Exam, which become effective with the 2017 (Q2) testing window, there will be a delay in the release of scores with a single score release for all candidates approximately 10 weeks after the close of the testing window. This delay is necessary to provide sufficient time to statistically validate candidate performance on the newly launched Exam.

Then, perhaps anticipating the possibility that some people would not be satisfied by this explanation, there's a FAQ that more or less reiterates the point above:

Q. Why will it take 10 weeks to get my score when I sit for the Exam in Q2?

A. Anytime the Exam undergoes significant changes, candidate performance must be statistically validated. This will allow time for the Board of Examiners to conduct its standard setting process. Upon completion, the scores for all Q2 candidates will be released once.

So if you're sitting for a CPA exam section in Q2, starting practicing your patience face. You're going to need it.

Image: Someecards

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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).
AICPA-HONORS-TOP-CPA-EXAMINATION-PERFORMERS.pdf

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…