NEW YORK -- The American Institute of CPAs, National Association of State Boards of Accountancy, and Prometric have launched a new Uniform CPA Examination, called CBT-e. The exam for the first time includes questions about International Financial Reporting Standards. Along with other changes, it is the first time there have been major revisions to the test since it was computerized in 2004. The changes are expected to enable tests results to be reported more quickly. The exam places more emphasis on skills assessment using case study-based questions known as Task-Based Simulations, according to a prepared statement from the AICPA.  Authoritative literature in the CPA exam incorporates use of new Financial Accounting Standards Board codifications of U.S. Generally Accepted Accounting Principles. Professional responsibilities including ethics and independence have been added to the Auditing and Attestation section.

The exam incorporates changes such as a new calculator, literature search, research response, and spreadsheet tools. IFRS questions will center primarily on differences between U.S. GAAP and IFRS.

A guide to CBT-e is available on line at www.aicpa.org/cpa-exam.