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Students who have successfully completed the Kenya Accountants and Secretaries National Examinations Board (KASNEB) CPA examination qualify to apply for ICPAK membership. [4] Once membership is approved members can use the designatory CPA-K (Certified Public Accountant Kenya). [5] Governance [ edit]
The basic outlines of the exam sections are as follows: [2] Auditing and Attestation (4.0 hours): (AUD) – This section covers knowledge of planning the engagement, internal controls, obtaining and documenting information, reviewing engagements and evaluating information and preparing communications.
The Uniform CPA Exam consists of the following sections: Auditing and Attestation (AUD), Financial Accounting and Reporting (FAR), Regulation (REG), and Business Environment Concepts (BEC). The CPA designation was first established in law in New York State on April 17, 1896. [16]
Day 3: multiple (usually three) multi-competency cases are provided within a time frame of four hours aimed to evaluate the student's "breadth" in the competency map. A minimum "Reaching Competent (RC)" grade must be achieved for every individual competency (all six areas). Evaluation Criteria [ edit]
There are 125 questions on the test. Candidates have to score at least 72 percent to pass. The SIE Exam and the Series 7 Exam are co-requisite exams. [3] The Series 7 exam tests candidates on four functions. [1] In order to take the exam, an individual must be sponsored by a member firm of either FINRA or a self-regulatory organization (SRO). [4]
There are four stages of examinations with the CPA Institute; Formation 1 and 2 and Professional 1 and 2. Students must complete three years of training to apply for membership of the CPA. Training can take place in practice, industry or both. Students may first study for the CPA exams and obtain the required training at a later date.
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