New Version of Exam
Requires Procedural Changes
In late March, the National Associa¬
tion of State Boards of Accountancy
(NASBA) announced several proce¬
dural changes required by the new
version of the Uniform CPA Exam
that will launch next year.
In anticipation of an increased
number of candidates wanting to sit
for the Exam before the new ver¬
sion starts in April 2017, testing
windows will be extended through
June 10, 2016, September 10,
2016, December 10, 2016, and
March 10, 2017.
Due to the commonality of content
and sections between the current and
next version of the Exam, any combi¬
nation of passing current Exam sec¬
tions and future Exam sections will
count toward completing the Exam
requirement for licensure.
For example, candidates who have
conditional credit in
ВЕС
will retain
credit for that section until its expiration
date (1 8 months). This holds true for all
sections of the Exam.
Upon launch, only the
newly-released “Next
Version of the Exam"
sections will be available
for testing. Candidates
already in the process
will complete any
final sections nec¬
essary using the
next version of
the Exam.
On the new
version of the
Exam, the
length of both the
REG and
ВЕС
sections will increase
from three (3) hours to four (4) hours.
Therefore, the total Exam testing
time will be lengthened from 14 hours
to 16 hours.
Upon the launch of the next Exam,
one standardized 15-minute break
will be offered to candidates during
each section.
Each standardized break will not
count against testing time and the
standardized break will be offered
approximately midway through each
Exam section.
Consistent with current practices,
candidates may take optional breaks
between testlets. These optional
breaks c/o count against the candi¬
date’s testing time.
After the launch of every new Exam,
the passing score must be estab¬
lished to ensure that scoring validity/
accuracy essential to the legal defen-
sibility of the Exam is maintained.
Following the close of the anticipat¬
ed launch window, all candidate per¬
formance data will be fully analyzed
in order to establish a passing score.
Scores for this testing window will be
released approximately 10 weeks af¬
ter the close of the window.
Additional candidate performance
reviews will be conducted following
the close of the third and fourth test¬
ing windows of 2017.
Scores for those testing windows
will be released approximately 10
days after the close of each window.
Additional information on the new
version of the Exam will be available
to candidates in the coming months.
Board
Officers Elected
21 NCAC 08A .0201, Election of
Officers, states that the Board
shall, prior to March 31 of each
year, elect a President, Vice
President, and Secretary -Trea¬
surer.
On March 23, 2016, the mem¬
bers of the Board re-elected
Michael FI. Womble, CPA, Pres¬
ident; Wm. Flunter Cook, CPA,
Vice President; and Jeffrey J.
Truitt, Esq., Secretary-Treasur¬
er.
Womble, managing partner of
Williams Overman Pierce, LLP,
was appointed to the Board in
2012 and re-appointed in 2015.
Cook, who served on the Board
2009-2012 and was re-appoint¬
ed in 2013, is a partner in the
Professional Standards Group
of Dixon Flughes Goodman, LLP.
Truitt, a public member
of the Board since 2014,
is a partner with Smith,
Anderson, Blount, Dorsett,
Mitchell & Jernigan, L.L.P.
In This Issue
Disciplinary Actions . 2
Board Meetings . 5
Certificates Issued . 5
Disciplinary Actions:
CPE Audit . 6
CPA Inauguration . 7
Reclassifications . 7
North Carolina State Board of Certified Public Accountant Examiners
