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Is the AICPA Lowering the Bar on the CPA Exam?

This may just be some wild speculating here but I have to admit my first thought upon seeing this was that the AICPA is scared everyone will freak out when IFRS hits the CPA Exam on January 1, 2011 and bomb horribly. Does this mean it’ll be graded on a curve? If so, I’m starting to have some concerns about that “protecting the public interest” bit.

Lowering the bar, AICPA Board of Examiners style:

THE AICPA EXAMINATIONS TEAM IS SEEKING CPA NOMINEES TO SERVE ON CPA EXAMINATION PANELS

When the new Uniform CPA Examination is launched on January 1, 2011, changes in content, format, and structure will be introduced. These changes will require the current passing score to be re-examined. The process to do so will include convening four panels of CPAs – one for each examination section – to prepare the groundwork for the passing score decision by the AICPA Board of Examiners. A new passing score determination is necessary in conjunction with the new examination to ensure that legally defensible CPA Examination pass/fail decisions continue to be made in protection of the public interest.

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Tags: AICPA, CPA, IFRS, exam, scoring

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Comment by Siva Pathmanathan on February 18, 2010 at 5:05pm
I don't know why? people are freaking out about IFRS Introduction, I did a ACCA London CertIFR course online and did a review on comparison and first time adaptation issue of IFRS standard in USA (mean adjustment needed when US GAAP used) through Deloitte (http://www.deloitteifrslearning.com/) and Coopers (http://www.ifrstraining.com/ifrs-elearning.asp), Its simple to understand if you have good understanding of either of Standards just has to understand the differences, (example Lease, Financial Assets, Fixed Assets, few extra standards) any way I am preparing for AUD, would keep an eye on changes because based on my understudying , there are many amendments in IFRS standards since last 2008

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