AICPA CPA practice tests, questions and answers for review and study.

For most people, the term accountant and certified public accountant means the same. An accountant or a certified public accountant is a professional who knows how to deal with numbers. And that is it. But that is a huge misconception. For an accountant`s tasks are a lot different from that of a Certified Public Accountant. An accountant is responsible for auditing and preparing financial records of a business. But to become a Certified Public Accountant, one has to go through a lot of hard obstacles to obtain that title. And that is where the American Institute of Certified Public Accountants (AICPA) comes in.

What is AICPA? Simply put, the American Institute of Certified Public Accountants is the national organization for CPA`s in the United States. The organization dates back to the 1800`s. Its mission is to give the training and the needed skills to produce the best CPA there is. Before an accountant can become a CPA, one must go through and pass the tests provided by AICPA. These tests are called CPA exam. The AICPA CPA exam is divided into four sections. CPA exam questions cover Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG).

The CPA exam is one way of protecting the public interest by way of making sure that only the best of the best are highly qualified to become licensed Certified Public Accountants. The Uniform CPA examination passing rates for 2009 are the following: For section AUD, a cumulative of 49.81%; for BEC, a cumulative of 47.48%; for FAR, a cumulative of 48.12% and for REG, a cumulative of 50.21%. The exams are mostly of Multiple-Choice questions (70%) and the rest of it (30%) is of simulations, with the exception of Business Environment and Concepts (BEC). Completed tests are sent to AICPA for scoring.

AICPA takes pride in providing the best training, resources and guidance for its members. This way, only the highest quality of professional services is provided for the benefit of clients. The organization also gives encouragement for those professionals with high-quality work qualification standards to become CPA`s. The AICPA seeks to fulfill its mission by developing specific optimum standards and serving the public interest.