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Last Updated: Sep 06, 2026
No. of Questions: 70 Questions & Answers with Testing Engine
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The ethics and professional responsibilities section of the exam covers the AICPA Code of Professional Conduct, which outlines the ethical standards that all CPAs must adhere to. Candidates will be tested on their knowledge of the code as well as their ability to apply it to various scenarios.
Reference: http://www.aicpa.org/BecomeACPA/CPAExam/ForCandidates/FAQ/Pages/computer_faqs_2.aspx
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The CPA-Regulation exam is a computer-based test that consists of 76 multiple-choice questions and eight task-based simulations. CPA-Regulation exam is divided into two sections, each lasting four hours. Candidates are given a 15-minute break between the two sections. CPA-Regulation exam is administered by the American Institute of Certified Public Accountants (AICPA), and candidates must register with the National Association of State Boards of Accountancy (NASBA) to take the exam.
The CPA-Regulation Exam is an essential part of becoming a Certified Public Accountant (CPA). CPAs are highly respected professionals who provide valuable services to businesses, individuals, and organizations. To become a CPA, a candidate must pass all four CPA exams within 18 months, including the CPA-Regulation Exam. CPA-Regulation exam is administered at Prometric testing centers, and candidates can register for the exam through the AICPA website.
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Federal Taxation of Property Transactions | 5–15% | - Property disposition and recognition of gain/loss - Basis calculations |
| Topic 2: Federal Taxation of Individuals | 15–25% | - Individual tax computations - Deductions and credits - Gross income inclusions and exclusions |
| Topic 3: Ethics, Professional Responsibilities and Federal Tax Procedures | 15–25% | - Ethical and professional responsibilities - Federal tax procedures |
| Topic 4: Business Law | 20–30% | - Agency - Business structure and regulation - Commercial transactions (UCC) - Contracts |
| Topic 5: Federal Taxation of Entities | 15–25% | - Estate and trust taxation basics - S corporations - C corporations taxation - Partnerships |
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