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Regulations (REG)

The regulations portion of the CPA exam is focused on testing candidates understanding of taxation at the federal level, law and legal matters in a business context, as well as the ethical and legal standards and entity and professional should be responsible for.

In many ways REG is focused around the business law and federal taxation topics. This area of the exam is most difficult for those who have difficulty memorizing tax codes and data, as well as those who have little exposure to taxation. The five areas of coverage on the exam are Federal tax procedures and professional ethics and responsibility, business law, property transaction taxation, federal individual taxation, and entity taxation.

The Exam consists of: reg

Federal Tax Procedures and Professional Ethics & Responsibilities	15-25%
Business Law	20-30%
Property Transaction Taxation	30-40%
Federal Individual Taxation	15-25%
Entity Taxation	28-38%

4 hours are given to complete all parts of the exam which includes 76 multiple chose questions, 8 task-based simulations.
Of the 8 task-based simulations 1 is a pretest question meaning it doesn't count towards your score. the remaining 7 are operational and do count towards the exam score, however the pretest and operational questions are identical in difficulty.

Made Fall 2019
by myself.