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AICPA CPA-Regulation, also known as the Certified Public Accountant CPA Regulation exam, is one of the four exams required for those who want to become certified public accountants in the United States. CPA-Regulation exam is designed to assess a candidate’s knowledge of federal taxation, business law, ethics, and professional responsibilities. The CPA-Regulation exam is an essential test that every person aspiring to become a CPA must take and pass to get certified as a professional accountant.

Reference: http://www.aicpa.org/BecomeACPA/CPAExam/ForCandidates/FAQ/Pages/computer_faqs_2.aspx

The CPA-Regulation Exam comprises 60 multiple-choice questions and two task-based simulations, which measure a candidate's ability to apply technical knowledge to real-world business scenarios. CPA-Regulation exam tests candidates' knowledge on topics such as taxation, ethics, professional responsibilities, and business law. Candidates are allowed four hours to complete the exam, and they must have a minimum score of 75 to pass.

The CPA Regulation Exam covers a wide range of topics, including ethical and professional responsibilities, business law, federal taxation of individuals, federal taxation of entities, and federal taxation of property transactions. Candidates are also tested on their knowledge of the regulatory environment, including the rules and regulations that govern financial statements, audits, and attestation engagements.

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AICPA CPA-Regulation Certification Exam is a professional certification exam designed to test the knowledge and skills of individuals who wish to become Certified Public Accountants (CPAs). CPA-Regulation exam covers a wide range of topics, including business law and ethics, taxation, and financial accounting and reporting. It is a comprehensive and challenging exam that requires a significant amount of preparation and study to pass.

AICPA CPA-Regulation Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Federal Taxation of Individuals22-32%- Tax credits and alternative minimum tax
- Loss limitations and carryovers
- Adjustments, deductions, and exemptions
- Filing status and dependency rules
- Gross income inclusions and exclusions
Topic 2: Business Law15-25%- Employment and federal business regulations
- Contract formation and performance
- Business structure legal characteristics
- Agency relationships and authority
- Debtor-creditor relationships and bankruptcy
- Uniform Commercial Code (UCC) articles
Topic 3: Federal Taxation of Property Transactions12-22%- Capital vs ordinary asset classification
- Asset basis and holding periods
- Recognition of gains and losses
- Like-kind exchanges and involuntary conversions
- Cost recovery: depreciation, amortization, depletion
Topic 4: Ethics, Professional Responsibilities, and Federal Tax Procedures10-20%- Ethics and responsibilities in tax practice
- Federal tax audit and appeal procedures
- Treasury Department Circular 230
- Tax preparer penalties and due diligence
- Privileged communications and disclosure rules
Topic 5: Federal Taxation of Entities23-33%- Tax-exempt organizations
- Gift, estate, and trust taxation
- C corporations and S corporations
- Partnerships and LLCs
- Book-tax differences

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