How the FAR Exam Is Changing

The AICPA regularly updates the CPA Exam to reflect the knowledge and skills required of a newly licensed CPA. The Financial Accounting & Reporting (FAR) section, which is considered by many to be the most challenging part of the CPA Exam, will undergo a number of format changes on April 1, 2017.

Pam Smith, KPMG Professor of Accountancy at Northern Illinois University and Wiley CPAexcel FAR author and lecturer, provides a quick overview of the key changes you’ll see on the latest iteration of the FAR exam.

2017 CPA Exam Survival Kit: