Candidates who take the CPA exam immediately after college have the highest pass rates. Pass rates drop off dramatically in as little as three months after college.
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GASB issues new pronouncement on fair value
The Governmental Accounting Standards Board (GASB) issued Statement No. 72, Fair Value Measurement and Application, on February 27, 2015.
FASB issues ASU: Consolidation: Amendments to the Consolidation Analysis
The FASB issued Accounting Standards Update (ASU) No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis, on February 18, 2015.
AICPA issues 4 auditing interpretations addressing SAS No. 126
On 1/24/2015, the AICPA Auditing Standards Board (ASB) issued four auditing interpretations to address issues related to the Statement on Auditing Standards No. 126.
When will extraordinary items be tested on CPA Exam?
Due to early implementation, ASU No. 2015-15 will become testable on the CPA Examination six months after its issue date, in the October-November 2015 test window.