Comprehensive Guide to the CPA Exam Schedule for 2023 and Beyond

The CPA (Certified Public Accountant) exam is a rigorous assessment administered by the AICPA (American Institute of Certified Public Accountants) and NASBA (National Association of State Boards of Accountancy). It is crucial for aspiring professionals looking to enter the field of accounting. This article will provide a detailed overview of the CPA exam schedule, including testing windows, blackout periods, and recent changes.

Understanding the CPA Exam Structure

The CPA exam consists of four sections:

Auditing and Attestation (AUD) Business Environment and Concepts (BEC) Financial Accounting and Reporting (FAR) Regulation (REG)

Each section is designed to test the candidate's knowledge and skills in specific areas of accounting.

CPA Exam Schedule for 2023 and Beyond

As of 2023, the CPA exam will be offered during specific months throughout the year. The testing windows for 2023 are as follows:

January February April May July August October November

Each testing window typically lasts for about two months. During this period, candidates can schedule their exams at any time as long as they meet the eligibility requirements.

Blackout Periods: Times to Avoid Scheduling the Exam

While there are several testing windows available, certain blackout periods exist where the exam cannot be taken. These blackout periods are often at the end of each quarter, which typically aligns with the end of March, June, September, and December. This is done to allow for administrative tasks and ensure the integrity of the exam process.

Flexible Testing Schedule with Continuous Testing (Starting July 1, 2020)

To adapt to the challenges posed by the ongoing pandemic, the AICPA and NASBA have made some changes to the traditional testing window system. As of July 1, 2020, the testing windows will be replaced by a continuous testing system. This means that candidates can now take the exam year-round, with the following limitations:

1. No Score Interference: Candidates must wait until they receive scores from prior attempts of the same section of the exam.

2. Major Exam Changes: Candidates must wait if there is a major change to the exam content.

The new testing schedule is as follows:

Quarter 1 (Q1): January 1 - March 10 Quarter 2 (Q2): April 1 - June 10 Quarter 3 (Q3): July 1 - September 10 Quarter 4 (Q4): October 1 - December 10

It is important to note that while the testing windows have adjusted, candidates still need to apply for the exam and receive a Notice to Schedule (NTS) before scheduling an exam.

CPA Exam for India: Recent Developments

India has also introduced on-campus testing for the CPA exams this year. The exams will be conducted in June, September, and December. While there is some unofficial information suggesting that exams were previously held in August 2021, this needs to be confirmed.

Given the current global situation, the AICPA and NASBA have decided to hold the exams in December, as well as in June and September. This decision aims to minimize the need for international travel, thus ensuring the safety and well-being of the candidates.

Conclusion

The CPA exam schedule is an essential part of the preparation process for aspiring accountants. Whether you are located in the US or India, staying informed about the latest testing windows, blackout periods, and any changes to the exam schedule is crucial. For the most up-to-date and accurate information, it is recommended to check the official AICPA and NASBA websites or contact your respective state board of accountancy.

Frequently Asked Questions (FAQs)

When are the 2023 CPA exam testing windows?
The testing windows for 2023 are in January, February, April, May, July, August, October, and November. Why are there blackout periods?
Blackout periods are set to ensure a smooth administration process and to prevent conflicts during specific times of the year. Can I take the CPA exam year-round with the new continuous testing system?
Yes, the new continuous testing system allows for year-round exams, subject to the limitations of waiting for score results or major changes to the exam content. Are there plans for on-campus testing in India?
Yes, the CPA exam will be conducted in June, September, and December this year in India, with additional plans for December.