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Who should take the CPA Regulation Exam
The Regulation (REG) section of the CPA Exam tests a CPA candidate's knowledge and skill level on federal taxation, business law, business ethics and professional and legal responsibilities. In order to take an CPA Exam, anyone who is interested in making their career in business management then they can go ahead and appear to all the 4 segments of this exam.
All the candidates appearing exam must have security number.
CPA exam is excellent opportunity for all below professionals to validate their skills in accountancy. As this exam is administered by the AICPA, which is the world's largest accounting body.
- Chartered Accountant
- MBA (Finance)
- M.com and Commerce Graduates who aspire for an International Certification.
- CS
- ICWA
- LLB
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How much CPA Regulation Exam Cost
Exam fees depend upon the jurisdiction where you choose to become licensed. You can find details by referring to your specific Board of Accountancy.
Reference: http://www.aicpa.org/BecomeACPA/CPAExam/ForCandidates/FAQ/Pages/computer_faqs_2.aspx
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AICPA CPA-Regulation Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Federal Taxation of Entities | 23-33% | - C Corporations - S Corporations - Partnerships - Entity Tax Compliance - Limited Liability Companies - Trusts and Estates |
| Topic 2: Ethics, Professional Responsibilities and Federal Tax Procedures | 10-20% | - Ethics and Professional Responsibilities - Federal Tax Procedures - Legal Duties and Responsibilities |
| Topic 3: Federal Taxation of Individuals | 22-32% | - Deductions - Tax Credits - Gross Income - Individual Tax Computation - Property Transactions |
| Topic 4: Business Law | 15-25% | - Business Structure - Contracts - Federal Securities Regulation - Debtor-Creditor Relationships - Agency |
| Topic 5: Federal Taxation of Property Transactions | 5-15% | - Like-Kind Exchanges and Involuntary Conversions - Property Tax Basis and Cost Recovery - Gains and Losses |



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