How to Pass the AICPA REG Exam?
The AICPA (American Institute of Certified Public Accountants) is a leading organization for CPA professionals. The AICPA REG exam is one of the four sections of the CPA exam and is designed to test your knowledge of federal taxation, business law, and professional ethics. To pass the REG exam, you need to have a thorough understanding of the exam topics, format, and exam objectives.
Exam Objectives:
- Understand the federal taxation system, including tax compliance, tax planning, and tax implications for individuals, corporations, and partnerships.
- Demonstrate knowledge of business law, including contracts, debtor-creditor relationships, and business organizations.
- Understand professional and legal responsibilities, including ethical and legal obligations to clients and stakeholders.
The REG exam is a computer-based test that consists of 76 multiple-choice questions and 8 task-based simulations. The exam is divided into two testlets, with 38 multiple-choice questions in each testlet. The simulations are designed to test your ability to apply your knowledge of federal taxation and business law to real-world scenarios.
Exam Details:
- Cost: The cost of the REG exam varies by state and ranges from $208 to $355.
- Passing Mark: The passing score for the REG exam is 75.
- Time: The REG exam is a four-hour exam with two testlets of two hours each.
- Delivery Method: The exam is delivered via computer at Prometric testing centers.
- Format: The exam consists of 76 multiple-choice questions and 8 task-based simulations.
The REG exam is intended for individuals who want to become licensed certified public accountants. To be eligible to take the REG exam, you must have completed a bachelor's degree from an accredited institution and completed a minimum of 150 semester hours of college education. Additionally, you must meet the specific educational requirements set by your state board of accountancy.
Related Books:
- Wiley CPAexcel Exam Review 2021 Study Guide: Regulation by Wiley
- Becker CPA Exam Review Regulation 2021 V3.3 by Becker Professional Education
- Roger CPA Review Regulation 2021 Edition by Roger CPA Review
- Gleim CPA Review Regulation 2021 Edition by Gleim
Preparing for the REG exam requires a combination of studying exam topics, reviewing sample questions, and practicing simulations. The recommended study time for the REG exam is 80-100 hours, depending on your familiarity with the exam topics. Utilizing the aforementioned books along with online study resources and review courses can greatly aid in the preparation process.
To pass the AICPA REG exam, you need to have a solid understanding of the exam topics, format, and exam objectives. Proper preparation and consistent study can help you pass the REG exam and move closer to achieving your goal of becoming a licensed CPA.