1 / 48

Computerizing the CPA Examination

Computerizing the CPA Examination. Presented to the 2003 APLG Meeting by Richard DeVore. Agenda. Computerizing the CPA Exam Examination Structure, Content, and Length Transitioning and Conditioning Overview of CBT Demonstrations of Simulation Prototypes.

esme
Télécharger la présentation

Computerizing the CPA Examination

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Computerizing the CPA Examination Presented to the 2003 APLG Meeting by Richard DeVore

  2. Agenda • Computerizing the CPA Exam • Examination Structure, Content, and Length • Transitioning and Conditioning • Overview of CBT • Demonstrations of Simulation Prototypes

  3. CPA Examination Mission Statement • “To admit individuals to the profession only after they have demonstrated the entry-level knowledge and skills necessary to protect the public interest in a rapidly-changing business and financial environment.” Continue To Protect The Public Interest

  4. Periodic Changes Needed • Maintain the confidence of various constituencies • Provide a comprehensive assessment of the entry-level knowledge and skills required by CPAs in changing business and financial environment

  5. What’s Changed? • Rapidly Changing Business World • Rapidly changing role of the CPA • Demands for broader-based financial services • Expansion of the attest function • Need for professional adaptability and flexibility • Rapidly-changing technology environment

  6. Change in Entry-Level Practice

  7. What We Need FromA New Exam • The Ability to Test: • Recall of foundational knowledge • Research skills • Analytical skills • Integrated knowledge and skills

  8. What We Need FromA New Exam (cont’d) • The Availability of: • Access to authoritative literature • Current technological tools • Secure computerized test system • Secure administrative conditions • Year-round testing

  9. Responsibility for Decisions • AICPA Board of Examiners • Content Committee • Preparations Subcommittees • Psychometric Committee • Education Task Force • Communication Task Force • Systems Oversight Task Force • Other task forces and working groups

  10. Mechanisms to Guide Policy Exposure Draft on Structure and Content (Feb 2001) Briefing Paper #2 (Mar 2001) Exposure Draft on Transitioning & Conditioning (Nov 2001) Focus groups of students and young professionals (Summer 2001) Outreach to Stakeholders

  11. Outreach to Stakeholders • Education Task Force • Working with AAA • Looking at curriculum and other academic-related issues • Help students and educators prepare for the transition to CBT

  12. Outreach to Stakeholders • Ongoing Communications • New Web site with practice materials and tutorials • (www.CPA-exam.org) • Exam Alert • (contact gjohnson@aicpa.org) • E-mail updates to stakeholders

  13. BOE Decisions Examination Structure, Content and Length

  14. New mix of content groupings New section Testing of skills Testing of knowledge integration Length of Exam Examination StructureChanges

  15. Examination Structure • 4 Independent Sections • Auditing & Attestation • Financial Accounting & Reporting • Regulation • Business Environment & Concepts (NB: Full Content Specs available on website)

  16. Auditing & Attestation • Auditing Procedures • Generally Accepted Auditing Standards • Other Standards Related to Attest Engagements • Skills Needed to Apply That Knowledge

  17. Financial Accounting & Reporting • Generally Accepted Accounting Principles for: • Business enterprises • Not-for-profit organizations • Government entities • Skills Needed to Apply That Knowledge

  18. Regulation • Federal Taxation • Ethics • Professional and Legal Responsibilities • Business Law • Skills Needed to Apply That Knowledge

  19. Business Environment & Concepts • Knowledge of Underlying Reasons and Implications of Business Transactions • Skills Needed to Apply That Knowledge in Audit and Attest Engagements • To Be Tested In Context of Entry-Level CPA Practice

  20. Business Environment & Concepts (2) • Economics • Planning and budgeting • Corporate financial management • Cost measurement and pricing • Management • Information identification, control, and analysis

  21. Comparison to Current Exam AUDIT  Audit & Attest LPR  Regulation FARE  Account & Report ARE – Tax  Regulation ARE – Govt  Account & Report ARE – Mngrl  Business Environ

  22. Examination Length • 14 Hours • In Total for Four Sections • Primary Considerations • Psychometric Reliability • Adequate Content Coverage

  23. Proposed Section Lengths • Auditing & Attestation • 4.5 hours • Accounting & Reporting • 4 hours • Regulation • 3 hours • Business Environment & Concepts • 2.5 hours

  24. Examination Format • Multiple-Choice Questions • Case-Based simulations • Test integrated knowledge • More closely replicate real world • Assess research, analytical skills • Various question formats • Business simulations 2005

  25. Exam Expectations • Exam success will require less memorization, more application • Candidates expected to do their work on a computer • Candidates expected to have technology knowledge, as well as computer skills • Candidates expected to integrate across accounting areas

  26. Conditioning and Transitioning Recommendations, Rationale, & Benefits

  27. Conditioning Policy • Candidates can sit for each section individually and in any order • All 4 sections – including the first one taken – must be passed within a “rolling” 18 month period Conditioning

  28. Conditioning Policy(cont’d) • No minimum score requirement for failed sections • Failed section(s) cannot be retaken within same window • Credit for passed section(s) retained for 18 months

  29. Major Benefits of Conditioning Policy • Protects the Public • Tests breadth of knowledge & skills within a reasonable time period • Increases fairness to candidates by eliminating minimum scores • Each section is independent • Increased flexibility for candidates

  30. Major Benefits of Conditioning Policy (2) • Allows Candidates to Focus Their Study and Prepare For Each Section • Overall Cost to Candidate is Reduced • Not required to sit for sections not prepared to pass • No retake of passed sections due to score on failed sections

  31. Transitioning • How do you equate the current sections of the CPA exam to the revised sections? • Upon launch, how do you treat candidates who have conditioned under the paper & pencil test? Issues to Consider

  32. Transitioning Paper-BasedCBT 1. Audit 1. Audit & Attest 2. Fin’l. Acctg. 2. Fin’l. Acctg. and Reporting and Reporting 3. Acctg. and 3. Regulation Reporting 4. Law & Prof. 4. Bus. Environ & Responsibilities Concepts Policies

  33. Transitioning • Conditioned candidates have same number of testing opportunities within same time period remaining • Candidate can establish credit for sections passed under CBT even if paper and pencil conditioning is lost Policies (cont’d.)

  34. Moving Forward Getting From Here To There

  35. Launch Date • November 2003 -- Last Pencil and Paper Administration • Early 2004 -- First CBT Administration Window • Will Exams Run in Tandem? • No Getting from here to there

  36. Computer-Based Testing • Roles and Responsibilities of State Boards of Accountancy and AICPA Basically Unchanged • AICPA Remains the Examination Provider • State Boards of Accountancy Determine if a Candidate has met Requirements to Test How CBT Will Work

  37. The Testing Process • CPA Examination Delivered at Prometric and State-Operated Testing Centers • Candidate Registers with Prometric (phone or web) • Candidate Takes the CPA Examination at a Prometric or State-Operated Testing Center How CBT Will Work

  38. The Testing Process • The Process (continued) • Prometric Forwards Results to AICPA • AICPA Compiles and Forwards Advisory Grades and Diagnostics to Jurisdiction • State Board Advises Candidate of Grades How CBT Will Work

  39. Examination SecurityIn A CBT Environment • Test Administration • 2 IDs • Double log-on to computer • Candidate sees only one item at a time • Video camera and walk through surveillance • Exit checks

  40. Critical Path Issues • Key Milestone Areas Include: • Item Development & Pretesting • Tutorials & practice materials • Systems Development • Communications • Legislation Getting From Here To There

  41. Simulations • Definition: Assessment of knowledge and skills in a context approximating that found on the job through the use of realistic scenarios and tasks, and access to normally available and familiar resources.

  42. Simulation Question Types • MC • Drop-down selection lists • Check boxes • Spread sheets (enter, drag & drop, formula) • Forms completion • Written communication • Research (access to standards, codes, search engines)

  43. Advantages of Simulations • Affordable performance testing • Skills assessment • Integration of content • Multiple correct answers • Partial credit • Access to resources • Innovative item types • Workplace realism

  44. Simulations Design • 20 – 40 minutes in length • Complementary to MC portion of test • Aimed at entry-level • Developed by educators and practitioners • Approved by practitioners • Practice related

  45. Simulations Interface • Tab–style screens • Consistent across simulations and tests • Mouse-driven response • Full-screen on 17” monitors • On-line resources available • Split-screen capabilities • Review capabilities within a simulation

  46. Simulations Scoring • Multiple points per task/question • Contingent scoring accommodated • Partial credit possible • Variable credit per task possible (i.e., credit related to importance)

  47. Demonstrations of Simulation Prototypes

  48. AND NOW... Your Questions

More Related