AICPA CPA-Regulation Exam Questions : Certified Public Accountant CPA Regulation

  • Exam Code: CPA-Regulation
  • Exam Name: Certified Public Accountant CPA Regulation
  • Updated: Oct 08, 2026
  • Q&As: 70 Questions and Answers

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Introduction to CPA Regulation Exam

Certified Public Accountant consists of four-part, 16-hour CPA Exam is a masters-level professional certification. Candidates are supposed to pass all four-part assessment with in time frame of 18 months in order to qualify for a CPA license.

The four parts are

  • Business Environment and Concepts (BEC)
  • Financial Accounting and Reporting (FAR)
  • Regulation (REG)
  • Auditing and Attestation (AUD)

This exam is designed to test the minimum knowledge and skills required of a CPA. The Exam is managed by three main partners:

  • Pro metric is the company that delivers the Exam at its authorized test centers.
  • The Exam is provided on behalf of Boards of Accountancy, which issue CPA licenses.
  • The National Association of State Boards of Accountancy (NASBA) manages the National Candidate Database
  • The AICPA develops, maintains, and scores the Exam.

Before taking this exam, candidates should have a solid knowledge of the topics outlined in this preparation guide.

The Certified Business Manager (CPA) is a global, competency-based credential that is designed to validate the skills and knowledge of accountancy candidate who can operates at a global market.

After passing this exam, candidates get a certificate from AICPA that helps them to demonstrate their proficiency in managing Business to their clients and employers.

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

AICPA CPA-Regulation Exam Syllabus Topics:

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

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