Cutting through the evolution of CPA exam, in 2024, American Institute of Certified Public Accountants (AICPA) changed the structure of core subjects. From four core subjects that are mandatory to pass the exam, candidates are now allowed to choose between Business Analysis & Reporting (BAR), Information Systems & Controls (ISC) and Tax Compliance & Planning (TCP) as their fourth disciplinary subject. Nevertheless, Financial Accounting & Reporting (FAR), Auditing & Attestation (AUD) and Taxation & Regulation (REG) remain three mandatory core subjects to clear the exam. What else changed? Did the new regulation change the passing score for the CPA exam as well?
In India, in 2021, eight new centers were established encouraging more accountants to partake in the exam. In 2022, more than 65000 attended the exam, out of which 18847 passed it. The main takeaway from this data is the passing percentage is slightly over 25%.
Even though the CPA exam is one of the most competitive exams in the world, using the data mentioned above, it is understandable that the right training and support for the candidates is still a tricky business. Still, Miles education is single handedly revolutionizing the CPA space in the country. More than 80% of CPAs in the country being Miles alumni, only proves the point further.
Despite the change in structure of the exam, the passing score of CPA exam remains at 75 percent. That is, a candidate should score 75 percent in every subject to pass. Now, you can attend the exam all throughout the year, allowing candidates, especially the working professionals to choose the dates according to their convenience. The schedule for both core and disciplinary subjects follow the same format. Same applies to the results as well.
As stated above, the important decision to choose from a wide range of training institutes, enrolling with the top makes all the difference. With more than 100 global industry experts as faculty members, Miles education is the flagbearer of Indian accountants, not just here but also in the USA. Miles also holds an amazing record of 82%+ pass rate of their candidates. It is only fair to say that the passing score of the CPA exam need not be a worrisome issue, if a candidate is at the hands of the best, Miles education!
