Expired exams

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    Topic
  • #178516
    Jsmi77y
    Member

    Is the 18 month expired exam window a state based thing? Or is this a NASBA/AICPA thing?

    I’m asking because I find it completely ludicrous I can pass reg with an 88 and I’m going to have to retake it. I know that’s what everyone deals with, but it’s still beyond a disgusting money grab. If you can pass it, you have the knowledge to be a CPA. There’s no logic behind re-taking exams. Especially since once you pass all of them, you never do it again. Only CPE which is another story.

    Anyways /endrant

    REG - 68 | 71 | 88 | 86
    FAR - 72 | 74 | 79
    AUD - 66 | 70 | 77
    BEC - 62 | 74 | 80

    Guess that means I'm a soon-to-be CPA!

Viewing 6 replies - 1 through 6 (of 6 total)
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  • #425337
    Jennifer241
    Member

    Cash cow

    BTW follow me on twitter! @Jen_Tayvia

    AUD - Jan 9,13 Pass
    REG - Aug 30,13 Pass
    BEC - Oct 26,13 Pass
    FAR - Dec 4,13 Pass

    Licensed CPA in the state of Oregon

    #425338
    calicpa
    Participant

    If you don't take CPEs you have to retake the tests? Or your license just becomes inactive?

    Also, do you have to finish the ethics exam within the 18 month window as well?

    BEC - 84, 4/6/13
    AUD - 77, 5/28/13
    REG - 83, 4/12/14
    FAR - 83, 10/3/13

    Ethics - 90% 4/24/13

    150 unit education requirement met!
    Work experience met!

    #425339
    Kenada
    Member

    Yep it does feel like a cash cow.

    Once you passed all CPA exams – depends on your state should not expire. The ethic's exam is not part of the 18 month window limit.

    FAR 05/27/14; 786/110 - Done !

    #425340
    wizards8507
    Participant

    @novak, the ethics requirements are state-to-state so there's no hard and fast rule. Some states don't even have an ethics exam but require you to take ethics-based CPE in your first cycle.

    I absolutely disagree that exams expiring is just a “cash grab.” I think it's a very good thing. If I know something today, there's absolutely no guarantee that I retain that knowledge two years into the future, especially if I have a proven tendency to forget information by repeatedly failing other sections. GMAT scores expire. You need to go to the eye doctor for a new glasses prescription every year. Things change over time and they need to ensure that you've still “got it.” The purpose of the 18-month window is because it requires a little extra *something* to pass on that schedule than to pass one exam every four years, for example.

    NY CPA

    #425341
    Jsmi77y
    Member

    But wizards. I finished Audit maybe 3 months ago, and I'm being 100% honest. I couldn't eve come CLOSE to passing it again already. I don't even remember basic mnemonics anymore. The point of the tests is to prove you possess the ability to learn something I guess.

    So what's the difference if I lose the info in 24 months vs 18 months or whatever? It's not going to make you a more ethical person or better CPA.

    I suppose you do have a point as far as time frame goes. Taking 2 years in between each exam does seem excessive. Though I honestly believe if you were able to pass it at one point it should still fly.

    REG - 68 | 71 | 88 | 86
    FAR - 72 | 74 | 79
    AUD - 66 | 70 | 77
    BEC - 62 | 74 | 80

    Guess that means I'm a soon-to-be CPA!

    #425342
    mla1169
    Participant

    Its simply a barrier of entry. Kind of like the 150 credit rule. You can satisfy the core requirements with a bachelors degree in SOME cases, and make up those 30 credits with basket weaving.

    Basket weaving certainly does not make you more qualified to practice accounting. Its just one of those things to keep the rate of entry of new CPA's where they can still be competitive.

    FAR- 77
    AUD -49, 71, 84
    REG -56,75!
    BEC -75

    Massachusetts CPA (non reporting) since 3/12.

Viewing 6 replies - 1 through 6 (of 6 total)
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