Activity Review
North Carolina State
Board of Certified Public
Accountant Examiners
1101 Oberlin Road, Suite 104 • PO Box 12827 • Raleigh, NC 27605 • 919-733-4222 • No. 07-2010
Summary of Uniform CPA Exam
Changes Effective January 1, 2011
Failure to Renew
By Deadline Will
Result in Forfeiture
21 NCAC 08J .0101, Annual Renewal
ofCertifica te, Forfeiture, and Reapplica¬
tion, requires that all active CPAs
renew their certificates annually by
the first day of July. However, online
license renewal will remain avail¬
able on the Board's website,
www.nccpaboard.gov, through the
end of July.
If a CP A fails to renew his or her
certificate by July 1, the Board will
send a Letter of Demand to the CPA
at his or her most recent mailing ad¬
dress.
Failure of an individual to sub¬
mit thecompleted renewal within 30
days of the mailing of the Letter of
Demand automatically results in for¬
feiture of the CPA's certificate, as re¬
quired by NCGS 93-12(15).
Upon forfeiture of a certificate,
the individual is no longer aCPA— he
or shecannot use the CPA title in any
way -and he or she must return his or
her CPA certificate to the Board
withinl5daysof the notice
о
f f
о
rf ei-
ture.
A person who has forfeited his or
her certificate pursuant to
NCGS 93 12-(15) for failure to renew
may be eligible to apply for
reissuance.
If you have questions about the
certificate renewal process, please
contact Buck Winslow by e-mail at
buckw@nccpaboard.gov.
On January 1, 2011, the CBT-e (Com¬
puter-Based Testing-evolution) will
launch. As of that date, Exam sections
willbe reorganized, with the concentra¬
tion of all written communication tasks
in one section. Time allocations will
change for two sections and Sho rt Task-
Based Simulations (TBS) will replace
simulations in three sections. In addi¬
tion, new scoring weights will go into
effect.
New Content and Skill Specification
Outlines (CSOs/SSOs)
Candidates planning to test in or after
201 1 should review and become famil¬
iar with the subject matter that will be
eligible to be tested. The new CSOs/
SSOs are available at www.aicpa.org/
Be come AC PA/C PA Ex am .
Authoritative Literature
Anew release of authoritative literature,
including FASB Accounting Standards
Codification, willbe made available for
the CPA Exam. To prepare candidates
for this release, new tutorial and sample
tests will be posted on www.aicpa.org/
BecomeACP A/CPAExam later this year.
International Standards
International Standards, including In¬
ternational Financial Reporting Stan¬
dards (IFRS), will become eligible to be
tested as of January 1, 2011. Questions
on international standards will be
gradually integrated into the Exam;
questions on US standards will con¬
tinue to be part of the Exam. The Spring
2010 issueof the Uniform CPA Examina¬
tion Alert discusses the inclusion of IFRS
on the Exam.
Research Task Format
Anewresearch task format willbe intro¬
duced on the CBT-e. To learn how to
respond to research tasks, candidates
should view the new tutorial and sample
tests that will be posted on
www.aicpa.org/BecomeACPA/
CPAExam later this year.
Section Structure
The components of the Auditing and
Attestation (AUD), Financial Account¬
ing and Reporting (FAR), and Regula¬
tion (REG) sections will be three (3)
multiple-choice question (MCQ) testlets
and one (1) testlet containing six (6) or
Exam
continued on page 5
www.nccpaboard.gov
In This Issue...
2010 Board Meetings . 2
Cease & Desist Orders . 4
Disciplinary Actions . 2
Exam Candidate Statistics . 5
Exam Fees to Decrease . 6
Licensing Activity . 6
Inactive Status . 7