Examination Conducted by                                                                                                              American Institute of Certified Public Accountant (AICPA)

Certificate Issued by                                                                                                                               State Board of Accountancy from applicable State                         

Eligibility                                                                                                                                          M.Com / M.B.A. / ICWA / CA are eligible.                                                                                          B.Com / B.A. / BBA graduates are eligible, subject to conditions               

Examination Center                                                                                                                                Any prometric center in USA. No centers are available outside USA.                

Exam Format                                                                                                                                         Papers 1, 2 & 3                                                                                                                                     75% - 80 %  are tested by Multiple Choice Questions                                                                          20% - 25% are tested by Simulation Questions*                                                                             Paper 4                                                                                                                                                       100% Multiple Choice Questions Only                                                                                                  * Simulation questions  will be in the  form of  theory / problem  / objective and  research  

Subjects                                                                Exam Hours       Classes         Hours                Paper 1 : Auditing & Attestation                             4.5                       12                   30
Paper 2 : Financial Accounting & Reporting         4.0                       18                   45
Paper 3 : Regulation (Law & Tax)                            3.0                       18                   45
Paper 4 : Business Environment & Concepts        2.5                       12                   30                                                                                      Total                      60                150

Minimum Passing Mark                                                                                                                        75 % -  Credits for passed papers are available for 18 months

Practical Experience                                                                                                                             Not required in some states for getting CPA designation                                                                 Required for licensing as Public Accounting Practitioner

Exam Fees                                                                                                                                                    Membership Fee                  Not applicable
Exam Fees for 4 papers       $ 500-800 - varies from state to state