How is the CPA Exam Scored?
To become a Certified Public Accountant (CPA), you must first pass the CPA exam. The CPA exam is available to those who have completed the necessary education and have obtained degrees in accounting. The CPA exam measures the knowledge of candidates and grades them on their familiarity with the accounting process.
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Definition
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CPA stands for Certified Public Accountant. The CPA exam was put in place to ensure only the most qualified individuals serve the public. The CPA exam was created by the American Institute of Certified Public Accountants.
Sections
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The CPA exam consists of four sections: Auditing and Attestation; Business Environment and Concepts; Financial Accounting and Reporting; and Regulation. Each section's questions are administered by multiple choice, simulation and written communication.
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Grading
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CPA exam scores are given on a scale of 0 to 99, but your score is not a percentage based on the number of questions answered correctly. Scores are given based on not only the correct or incorrect answer of the question but also on the statistical characteristics of each question and answer.
Passing
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To pass the CPA exam you must have a score of at least 75 on each section. Minimum scores for the different types of questions for each section are not required. Passing each section is still possible even if you answer all of one type of questions, such as multiple choice, incorrectly.
Administrators
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CPA exams are graded by CPAs who volunteer their time and expertise in a certain subject area. Each section is graded by a CPA who specializes in that particular subject area on the CPA exam.
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References
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