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AICPA Board of Examiners Examination Update

October 2012 Rick Reisig

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American  Ins/tute  of  CPAs   The  Uniform  CPA  Examina/on  

Board of Examiners Update

I am happy to address you as the “BOE Chair for the Day”

Rick Reisig, CPA, Shareholder Anderson ZurMuehlen & Company PC

Wendy Perez, CPA, Chair of the BOE, regretfully, could not be in attendance today

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American  Ins/tute  of  CPAs   The  Uniform  CPA  Examina/on  

Our Topics Today

!   Volumes and trends

!   Board of Examiners Update

!   State Board Committee Update

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The Uniform CPA Examination

107,954

178,266

202,354 224,494

247,351

307,573

-

50,000

100,000

150,000

200,000

250,000

300,000

350,000

Total Volume Calendar Year Total Volume

2004 (Apr-Dec) 2005 2006 2007 2008 2009 2010 2011 2012

266,874 Estimatedat 260,000248,374

Domestic Volume Chart

13.5% Increase

10.2% Increase

10.9% Increase

7.9% Increase

15.3% Increase

19.23% Decrease

4.68% Increase

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The Uniform CPA Examination

Domestic Volume & Growth % over PY Same QTR Jan/Feb Apr/May Jul/Aug Oct/Nov

2004 23,136 39,880 44,938 2005 34,714 41,404

(78.9% Incr.) 49,082

(23.1% Incr.) 53,066

(18.1% Incr.) 2006 40,670

(17.2% Incr.) 47,128

(13.8% Incr.) 54,549

(11.1% Incr.) 60,007

(13.1% Incr.) 2007 45,786

(12.6% Incr.) 51,050

(8.3% Incr.) 63,216

(15.9% Incr.) 64,442

(7.4% Incr.) 2008 49,997

(9.2% Incr.) 56,666

(11.0% Incr.) 69,214

(9.67% Incr.) 71,474

(10.91% Incr.) 2009 56,347

(12.7% Incr.) 60,423 (6.6%

Incr.) 74,843

(8.1% Incr.) 75,261

(5.3% Incr.) 2010 57,779

(2.5% Incr.) 62,375

(3.2% Incr.) 84,423

(12.8% Incr.) 102,996

(36.85% Incr.) 2011 46,395

(19.7%. Decr.) 58,490 (6.2%

Decr.) 73,047

(13.5% Decr.) 70,442

(31.6% Decr.)

2012 55,506 (19.6% Incr.)

59,522 (1.8% Incr.)

74,039 (1.4% Incr.)

70,933 Estimated (.7% Incr.)

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American  Ins/tute  of  CPAs   The  Uniform  CPA  Examina/on  

AUD Volumes and Pass Rates 11Q3-12Q2

190  

139  18,404  

237  

268  17,379  

260  

220  13,736  

328  

289  

15,535  

0.00  

10.00  

20.00  

30.00  

40.00  

50.00  

60.00  

70.00  

80.00  

90.00  

100.00  

Japan   Middle  East   Domes/c  

AUD  -­‐  Pass  Rates  by  Jurisdic4on  (Volume  Listed  on  top  of  Pass  Rate)  

11Q3   11Q4   12Q1   12Q2  

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American  Ins/tute  of  CPAs   The  Uniform  CPA  Examina/on  

BEC Volumes and Pass Rates 11Q3-12Q2

176  

98  

14,898  

248  

206  

14,738  

274  

168  

11,245  

359  

244  

12,489  

0.00  

10.00  

20.00  

30.00  

40.00  

50.00  

60.00  

70.00  

80.00  

90.00  

100.00  

Japan   Middle  East   Domes/c  

BEC  -­‐  Pass  Rates  by  Jurisdic4on  (Volume  Listed  on  top  of  Pass  Rate)  

 11Q3   11Q4   12Q1   12Q2  

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American  Ins/tute  of  CPAs   The  Uniform  CPA  Examina/on  

FAR Volumes and Pass Rates 11Q3-12Q2

230  

132  17,771  284  

227  

15,229  

306  

177  

12,039  353  247   12,493  

0.00  

10.00  

20.00  

30.00  

40.00  

50.00  

60.00  

70.00  

80.00  

90.00  

100.00  

Japan   Middle  East   Domes/c  

FAR  -­‐  Pass  Rates  by  Jurisdic4on  (Volume  Listed  on  top  of  Pass  Rate)  

11Q3   11Q4   12Q1   12Q2  

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American  Ins/tute  of  CPAs   The  Uniform  CPA  Examina/on  

REG Volumes and Pass Rates 11Q3-12Q2

158  

103  

18,121  

225  

148   16,776  

234  

120  

13,153  

297  164  

14,225  

0.00  

10.00  

20.00  

30.00  

40.00  

50.00  

60.00  

70.00  

80.00  

90.00  

100.00  

Japan   Middle  East   Domes/c  

REG  -­‐  Pass  Rates  by  Jurisdic4on  (Volume  Listed  on  top  of  Pass  Rate)  

11Q3   11Q4   12Q1   12Q2  

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American  Ins/tute  of  CPAs   The  Uniform  CPA  Examina/on  

International Qualification Examination (IQEX)

!   What is it? !   In 2012 the exam will be the Regulation section of

the CPA exam !   Same: CSOs, sample test and tutorial !   Administered second month of each quarter

•  February, May, August, November

!   Starting November 2012 !   Prometric test centers in: U.S., territories, Canada

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American  Ins/tute  of  CPAs  

Appointments

* indicates new members

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American  Ins/tute  of  CPAs   The  Uniform  CPA  Examina/on  

Board of Examiners BOARD  OF  EXAMINERS  

Chair   Wendy     Perez   CA   Ernst  &  Young,  LLP  (Re/red)  

    Wynne     Baker   TN   Kra]  CPAs  

    Robert     Brennan   IA   University  of  Iowa  

    Lisa     Cines   MD   Dixon  Hughes  Goodman  LLP  

    Frederick     Niswander   NC   East  Carolina  University  School  of  Business  

    Richard   Reisig   MT   Anderson  ZurMuehlen  &  Company  PC  

    Michael   Tham   LA   L.A.  Champagne  &  Co.  

    Mari   DeVries   AZ   DeVries  CPAs  of  Arizona  PC       Paula     Thomas   TN   Middle  Tennessee  State  University  

    D.J.   Gannon   DC   Deloiee  &  Touche  LLP  

*   Russ     Friedewald   IL   Illinois  ED  

    Suzanne     Lane   PA   University  of  Piesburgh  -­‐  Past-­‐Chair  POC  

*   Mark     Shermis   OH   University  of  Akron  

    Barbara     Ley   OK   OK  State  Board  

*   Steve     Delvecchio   MO   University  of  Central  Missouri  

*   Kate     Mooney   MN   CPA,  PhD,  Educator  

*   Colleen   Cunningham   NJ   Resource  Global  

    Gina     Weaver   NJ   Pfizer  

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American  Ins/tute  of  CPAs   The  Uniform  CPA  Examina/on  125  

Psychometric Oversight Committee

    PSYCHOMETRIC  OVERSIGHT  COMMITTEE  Chair   Suzanne     Lane   PA   University  of  Piesburgh  

   Barbara     Plake   CO   University  of  Nebraska  (Re/red)  

   Wayne       Camara   NJ   College  Board  

*  Gregory     Cizek   NC   UNC  

   Paul     Sackee   MN   UMN  

   Mark     Shermis   OH   University  of  Akron  

   Robert     Brennan   IA   University  of  Iowa  

   Mike     Edwards   OH   Ohio  State  University  

   Kadriye     Ercikan   BC   University  of  Bri/sh  Columbia  

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American  Ins/tute  of  CPAs   The  Uniform  CPA  Examina/on  

State Board Committee

STATE  BOARD  COMMITTEE  Chair   Barbara   Ley,  CPA   OK   State  Board  

   Dan     Sweetwood   NE   ED  

   Leslie   Mostow,  CPA   MD   State  Board  

*   Roberta   Newhouse,  CPA   OR   State  Board  

*   Mark   Crocker   TN   ED  

*   Jimmy   Corley,  CPA   AR   ED  

*   Bobby   Creech,  CPA   SC   State  Board  

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American  Ins/tute  of  CPAs   The  Uniform  CPA  Examina/on  

Content Committee

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CONTENT  COMMITTEE   Chair  (1) Marianne   DeVries AZ DeVries  CPA's  of  Arizona,  PC

Chair  -­‐  FAR  Subcommieee

Ray   Stephens OH Ohio  University

Chair  -­‐  BEC  Subcommieee

Michael Bolas NY Campbell  Bolas  &  Associates  LLP

Chair  -­‐  AUD  Subcommieee

Amy   Sutherland WA MOSS  ADAMS  LLP

Chair  -­‐  REG  Subcommieee

Kenneth   Schwartz MO Ernst  &  Young,  LLP  (  Re/red)

BEC  Subcommieee Elizabeth   Helle VA Veris  Consul/ng,  Inc

REG  Subcommieee Rose   Bailey NC East  Carolina  University

FAR  Subcommieee Michael   Zimmer NY ITT  Corpora/on

AUD  Subcommieee Douglas   Behn OH Deloiee  &  Touche  LLP

At-­‐large Salvatore Collemi NY Rothstein,  Kass

128  

Examination Communications

129  

American  Ins/tute  of  CPAs   The  Uniform  CPA  Examina/on  

Stakeholder Outreach: Boards of Accountancy

!   State Board Committee – three meetings a year !   State Board at-a-glance print material creation NEW!

!   Regional Forums – two a year !   State Board Web Chat – one to two a year !   BOE Update Calls to state boards – three a year !   Presentations at NASBA Annual, Eastern, Western,

and ED conferences !   Presentations at State Board conferences – seven a

year !   AICPA State Regulation and Legislation newsletter

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American  Ins/tute  of  CPAs   The  Uniform  CPA  Examina/on  

Hot Items for Candidates

!   CSO update effective January 1, 2013 •  Available online (www.aicpa.org/cpa-exam)

!   Quarterly Score Release Timeline Updates

•  Starting in June 2012 •  Where?? AICPA Insights Blog and AICPA.org

!   ThisWayToCPA.com and mobile app: CPA Exam Aid •  The Virginia Board of Accountancy is the #8 referral to

www.ThisWayToCPA.com !!!!!

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Questions?

Rick Reisig, CPA, Shareholder

ANDERSON ZURMUEHLEN