The Committee of Sponsoring Organizations of the Treadway Commission (COSO) released the ERM (Enterprise Risk Management) Framework: Enterprise Risk Management–Integrating with Strategy and Performance on September 6, 2017. This is COSO’s first significant update to the original 2004 ERM document, Enterprise Risk Management–Integrated Framework. The provisions of the updated ERM framework become testable on the […]
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FASB simplifies accounting for derivatives and hedging instruments
The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update No. 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. The provisions of the new ASU are effective for fiscal years beginning after Dec. 15, 2018. The content becomes testable on the CPA Exam Jan. 1, 2019. ASU No. 2017-12 […]
AICPA releases standard on exempt offerings
Statement of Auditing Standards (SAS) No. 133, Auditor Involvement With Exempt Offering Documents, was issued July 26, 2017, and provides performance requirements for auditors involved with documents for exempt offerings such as municipal securities; securities issued by not-for-profit religious, education, or charitable organizations; crowdfunding; small issues of securities such as Regulation A offerings; and franchise […]
FASB simplifies accounting for certain financial instruments
The FASB issued Accounting Standards Update No. 2017-11, which simplifies accounting for certain financial instruments and will be testable on the CPA Exam in April 2019. Taking FAR in Q2 2019 or later? You'll want to know this material!
Surgent claims 2017 Best CPA Review Course Award
Surgent CPA Review was recently named the #1 course for 2017 by Crush the CPA Exam, the industry’s leading review site. Read more from Bryce Welker, CEO of Crush the CPA Exam, on why Surgent was awarded this honor.
PCAOB addresses critical audit matters in new standard
The PCAOB addressed critical audit matters in a new standard. Parts of this standard are testable on the CPA Exam in the first quarter of 2018.
The hidden truth: CPA review payment plans
Many of the leading CPA Review course providers offer payment plans as a means of payment for a full 4-part CPA Review course. But did you know that many of these plans have hidden fees? Read more to discover the true financial cost to candidates.
Demystifying the CPA Exam’s task-based simulation questions
Here's everything you wanted to know about task-based simulation (TBS) questions, straight from the AICPA!
AICPA announces CPA Exam expansion to Brazil
The U.S. CPA Exam will now be administered at Prometric testing centers in Brazil. Read more for a list of countries from which candidates can take the exam.
Taking the CPA Exam in April or May? AICPA released updated score release dates
The AICPA recently updated the score release dates for the new CPA exam, which launched on April 1, 2017. If you're testing in April or May (Q2), make a note of these updated dates!
