Revision of the CPA Board

Licensure
Examination Syllabus
July 2015

Overview of the CPA Board Exam

- Over 18,000 take the 3 Licensure exams
each year
- About 35% or 6,000 examinees
pass
October batch: 258

July batch: 289

- CPA Tracker Survey in place to monitor

career directions
of new CPAs

NCR: 46.1%

- CPA Board Exam has conceptually not

changed for over
40 years
- Section 15 of the Accountancy Law
allows amendments

Subjects to be included in the

new CPA Board Exam
Financial Accounting and Reporting
Advanced Financial Accounting
and
October batch: 258
Reporting

July batch: 289

Management Accounting Services

NCR: 46.1%

Auditing
Taxation
Regulatory Framework for Business
Transactions

Highlights of the change

1. Reduction in the number of subjects from
seven(7) to six(6)
July
289
batch:
258
2.batch:
Merging
auditing theoryOctober
and
practice
into one
(1) subject
3. Merging accounting theory and practice and
distributing the pertinent topics in Theory of
NCR: 46.1%
Accounts, Practical Accounting I, Practical
Accounting II to Financial Accounting and
Reporting, and Advanced Financial Accounting
and Reporting
4. Segregating Business Law and Taxation into
Taxation and Regulatory Framework for

Next steps
100% mapping has been done
Issuance of the PRC Resolution revising the
subjects
Finalization of syllabus and Table of
Specifications by October 2015
Coordination with the appropriate offices in
PRC to implement
the change
Preparation of test questions for the test bank
under the OB framework

Next steps
2 year transition for conditional examinees
Conduct of public awareness and consultations
Implementation for the May 2016 CPA
Licensure Examination