One of the most prestigious accounting credentials in the world is the Certified Public Accountant (CPA) title. It is a prerequisite for many high-level accounting employment and is recognised and recognized in more than 120 countries. The American Institute of Certified Public Accountants (AICPA) is the organization that administers the CPA credential in the United States.
Candidates must pass the four-part Uniform CPA Exam in order to become CPAs. These subsections are Financial Accounting and Reporting (FAR), Business Environment and Concepts (BEC), and Regulation (REG). The National Association of State Boards of Accountancy (NASBA) conducts the computer-based CPA Exam.
Each of the four exam portions corresponds to one of the four levels, which make up the CPA Exam. To become a licensed CPA, candidates must pass each of the four levels. Although there is no numerical designation for the levels, they are frequently referred to as Level 1, Level 2, Level 3, and Level 4.
A candidate may repeat the CPA Exam if they don’t pass one or more sections the first time. In a testing window, candidates have a total of three chances to retake any section of the exam. The three-month period during which the CPA Exam is given is known as a testing window. Any exam section that a candidate has failed three times cannot be taken again until the following testing window.
Candidates must sign into their NASBA accounts and choose the section of the exam they want to repeat in order to arrange a CPA retake. If they haven’t already taken that component of the exam three times during that testing window, candidates may schedule their retake for any open testing window.
A candidate may ask for an extension if they get a Notice to Schedule (NTS) for a part of the CPA Exam but are unable to take it during the testing window noted on the NTS. Each exam section may be postponed once for up to six months at the request of the candidate. Candidates must sign into their NASBA accounts and follow the guidelines to request an extension.
Candidates are not needed to complete any Continuing Professional Development (CPD) units for the initial renewal of a CPA license. Candidates must, however, finish a predetermined amount of CPD units in order to renew their licenses in the future. Each state has a different minimum need for CPD units.
Some people could be permanently excluded from the CPD requirement for CPA license renewal. These people include those who are disabled, retired, or otherwise not engaged in the CPA profession. Who is excluded from the CPD requirement is determined according to the standards that each state provides.
In conclusion, the CPA Exam is divided into four portions, each of which corresponds to a different level of the test. To become a licensed CPA, candidates must pass each of the four levels. A candidate may retake an exam portion up to three times within a testing window if they fail it the first time. If a candidate is unable to take the exam during the testing window indicated on the Notice to Schedule, they may ask for an extension for that component of the test. Candidates are not required to complete any CPD units for the initial renewal of a CPA license, but more CPD units are needed for successive renewals. Based on state requirements, some people may be permanently excluded from the CPD requirement for the renewal of a CPA license.
The query has nothing to do with the subject of the article. But to answer your question, you can give someone permission to renew your PRC license on your behalf. A valid ID of the authorized representative must be presented, along with an authorisation letter.