On the Accounting and Audit arena, the designation of Certified Public Accountant (CPA) ranks high for accounting and audit professionals. This certificate is organized by the Institute of Certified Public Accountants (AICPA), U.S.A, that handle the CPA exam with the AICPA approved test agent as well as the CPA learning systems issued by AICPA approved publishers, along with announcing CPA exam results. The CPA exam result is approved and the designation is granted by the National American State Board of Accountancy (NASBA).
The importance of the CPA Designation stems from the rising demand for CPAs of professionals involving basically the following cadres:
Financial Accountants responsible for financial reporting in their organizations, where the top management rely thereupon in analyzing the quarterly and annual results of their businesses, which ultimately helps them take informed decisions.
Auditors working for audit firms, who take their turn to audit the financial reports prepared by their accounting peers, expressing thereby their audit opinion to state how fairly do such reports express the accuracy of their contents, hence enable investors take informed investment decisions.
When the above-mentioned professional cadres become CPAs, they are enabled to document their professionalism in their respective fields. |
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| Global Consultants' Role in the Certification Process |
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Due to the significance of the designation and the high demand by professionals in Kuwait, Global Consultants Co. W.L.L provides the CPA review Course delivered by qualified Instructors who are both CPAs and practitioners in the field, who pass, in process, to trainees the nectar of their academic and field experience. So, we provide an overall package structured to review a body of knowledge through AICPA approved curricula to help professionals sit for and successfully pass the CPA exam.
Conducting reviews for this prestigious internationally approved Certificate, we aim at providing professionals with an overall and structural package relevant to all aspects of the examinations set for qualification, in light of the fact that CPA holders rank highly amidst the accounting and auditing community as CPA qualifies them to hold leading positions in the field, as well as conferring the professional character on their performance. |
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| 1. |
Basic Program Information |
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The following points constitute the framework of the CPA Review Program with Global Consultants. |
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| Learning System Language |
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English |
| Course Review Language |
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English supported by Arabic where necessary |
| Test Location |
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United States of America (54 states) |
| No. of
Sessions |
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50 sessions held bi-weekly, 4 hours each |
| Venue |
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Fully Equipped Training Facility |
| Registration |
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For enquiry, registration & getting the registration form, please |
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Contact our training coordinators at 182 82 83, extensions 17, 18, 20 |
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Fax us at 22426532 |
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| 2. |
Value of CPA Certification |
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If you think all accountants and other business advisors are alike, think again.
Those who are able to call themselves "CPAs" have met stringent education and experience requirements, must perform their work in accordance with high quality technical and professional standards, and adhere to a strict code of professional ethics. Individuals have worked hard to obtain the "CPA" designation, and they are committed to working even harder to deliver the value that it conveys over two levels. |
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On the corporate level: |
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As advisors to businesses, |
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- In today's global, competitive and information-driven environment, CPAs' core competencies, integrity, objectivity and independence , bring new and diverse value to clients.
- Certified Public Accountants provide the technical expertise, innovative thinking and personal service that help organizations thrive.
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On the personal level: |
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- Being CPA certified means acquiring an international character in the accounting and audit field due to the market demand on CPAs in general, on the local and international levels.
- CPA designation avails its holders premium career privileges due to their high caliber skills and expertise
- The opportunity of communicating with thousands of CPAs worldwide through membership with the American Institute of Public Certified Accountants – AICPA, so getting updated with this important field latest developments on the professional level.
- CPA designation enables individuals to achieve financial security
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| 3. |
Targeted Participants |
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These include a range of professionals of the financial fields including: |
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- External and Internal Auditors
- Financial Managers and Accounting Department Heads
- Company and Bank Accountants
- Finance Managers and Specialists in Public & Private Sectors
- Faculty of Commerce graduates
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| 4. |
CPA Review Material based on WILEY Learning System |
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We conduct the CPA Review Course based on the Learning System developed by the National Association of State Boards of Accountancy (NASBA) and AICPA, using Wiley learning System, based on 4 constituent parts and skills needed to apply that knowledge, which also constitute the CPA exam, detailed as follows: |
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Part |
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Reference Name |
I |
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Auditing & Attestation |
II |
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Financial Accounting & Reporting |
III |
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Regulation |
IV |
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Business Environment & Concepts |
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| 5. |
Eligibility for Qualification against CPA |
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| 5.1 |
Eligibility to sit for CPA Exam |
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Candidates' eligibility to sit for CPA Exam is as follows: |
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If you wish to pass four-part exam called the "Uniform CPA Examination" that is prepared and administered by AICPA, you must go through one of the following alternatives |
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ALTERNATIVE 1 ( U.S. Candidates) |
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A. Meet educational requirements |
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- Baccalaureate degree.
or higher degree from a degree-granting college or university accredited by a U.S. regional institutional accrediting agency or a national accrediting agency with a core course requirement
- 24 semester units of accounting.
- 24 semester units of business-related subjects.
Courses earned in quarter units must be multiplied by a factor of 2/3 to convert to semester units.
Transcripts detailing completion of all required courses and conferral of the degree must be sent directly to the Board from the college(s) or university.
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B. Meet other requirements determined by the appropriate State Board of Accountancy specific to the State in which they intend to give the exam. |
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ALTERNATIVE 2 ( International Candidates) |
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- The equivalent of Alternative 1 at a foreign college or university. Foreign degrees must be evaluated by a Board-approved foreign credentials evaluation service.
- An evaluation detailing completion of all required courses and conferral of the equivalent of a U.S. baccalaureate or higher degree must be sent directly to the Board from a Board-approved foreign credentials evaluation service.
- Please note that evaluation is made against fees collected by NASBA. These fees are paid along with sending the original certificate for evaluation
- Here below is an example of a Board-approved foreign credentials evaluation service of California as an example.
- Candidates may choose any other State as per their convenience, taking into consideration variances among different state jurisdictions.
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California Board of Accountancy |
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Board-Approved Foreign Credentials Evaluation Services |
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Academic Credentials Evaluation Institute, Inc.
P.O. Box 6908, Beverly Hills, CA 90212
Phone: (310) 275-3530 Fax: (310) 275-3528
Email:
Website: |
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Academic and Professional International Evaluation,Inc.
P.O. Box 5787, Los Alamitos, CA 90721-5787
Phone: (562) 594-6498 Fax: (562) 594-8498
Email:
Website: |
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ACREVS Inc. (Academic & Credential
Records, Evaluation & Verification Service)
1776 Clear Lake Ave, Milipitas, CA 95035-7014
Phone: (408) 719-0015 or (866) 583-4834
Fax: (510) 252-0876
Email:
Website: |
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American Education Research Corporation, Inc.
P.O. Box 996, West Covina, CA 91793-0996
Phone: (626) 339-4404 Fax: (626) 339-9081
Email:
Website: |
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Center for Applied Research, Evaluation and
Education, Inc.
P.O. Box 18358, Anaheim, CA 92817
Phone: (714) 237-9272 Fax: (714) 237-9279
Email:
Website: |
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Educational Credential Evaluators, Inc.
P.O. Box 514070, Milwaukee, WI 53203-3470
Phone: (414) 289-3400 Fax: (414) 289-3411
Email:
Website: |
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Educational Records Evaluation Service
601 University Ave., Ste 127, Sacramento,
CA 95825-6738
Phone: (916) 921-0790 Fax: (916) 921-0793
Email:
Website: |
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Foreign Credentials Service of America
1910 Justin Lane, Austin, Texas 78757-2411
Phone: (512) 459-8428 or (512) 459-4565
Email:
Website: |
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Foreign Educational Document Services
P.O. Box 4091, Stockton, CA 95204
Phone: (209) 948-6589
Fax: (209) 937-0717 |
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Foreign Transcript Evaluation Service
P.O. Box 1948, Davis, CA 95616
Phone: (530) 758-3875
Email:
Website: |
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Global Education Group, Inc.
1205 Lincoln Rd, Ste 218, Miami Beach, FL 33139
Phone: (305) 534-8745 Fax: (305) 534-3487
Email: www.globaledu.com
Website: |
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Global Services Associates
2554 Lincoln Blvd #445, Marina del Rey,
CA 90291-5082
Phone: (310) 828-5709 Fax: (310) 828-5709
Email:
Website: |
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International Education Research Foundation, Inc.
P.O. Box 3665, Culver City, CA 90231-3665
Phone: (310) 258-9451 Fax: (310) 342-7086
Email:
Website: |
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Josef Silny & Associates
7101 SW 102 Ave, Miami, FL 33173
Phone: (305) 273-1616 Fax: (305) 273-1338
Email:
Website: |
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World Education Services
P.O. Box 5087, Bowling Green Station
New York, New York 10274-5087
Phone: (212) 966-6311 Fax: (212) 739-6100
Email:
Website:
* Current to 6/17/08 |
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| 5.2 |
Important to note for Non-US Candidates |
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- International candidates are eligible to qualify as U.S. Certified Public Accountants (CPAs) as long as they meet Board of Accountancy eligibility requirements and prepared to take the Uniform CPA Exam in English in one of 54 U.S jurisdictions. (The 55th jurisdiction, the Commonwealth of Northern Mariana Islands, is not yet ready to accept CPA applicants.)
- Applications can be submitted at any time of the year.
- Procedure differ from a state to another.
- Application and exam fees for first time candidates vary by state.
- The application process usually takes from six to eight weeks for first time candidates.
- Candidates may take the exam at any authorized test center in the United States. At present, it is not possible to take the examination outside the United States and its territories. The test center doesn't need to be located within the jurisdiction in which a candidate applies.
- Most states accept non-U.S. education credentials; however they must normally be evaluated by an agency approved by the board.
- To take the CPA exam it is not mandatory to be a member of the certifying body (NASBA) or the curriculum or exam provider (AICPA). Yet, it is optional to register for AICPA membership, against 185 US Dollars
- Those who wish to apply for AICPA membership are required to fill out the form accessible through their website .
- When applying for the CPA exam, it is important to know that Prometric organization is the testing agent approved by AICPA, therefore, the exam is set through their link , accessible through AICPA website.
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| 5.3 |
How To Register for CPA Exam |
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To register for the CPA Exam, candidates should follow the following instructions cited from a reliable source, i.e. the certifying body. |
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- Log on to the website:
- Go to: Exams
- Click on CPA exam to show the jurisdiction map and select the state you wish to sit for the exam. For example CA "California" . then click : Go
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Step 1 |
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- Click on : How to apply or go directly to the website:
- On the left margin menu, click : "Online Exam application"
- Choose : "Establish an account" selection to create a new account
- Go through the information and click: "continue"
- Fill in the required information, then click “ create an account”
- You will receive an email with your account ID and password.
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Step 2 |
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- Log out and relog on with your user name and password,
- Change password if you prefer to.
- Complete your account details.
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* For more information about applying for the CPA exam for the first time, to download CPA-Apply for First exam Guide. |
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| 5.4 |
CPA Examination Structure & Format |
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EXAM STRUCTURE |
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The four parts of the examination are: |
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Part I: Auditing & Attestation |
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Plan the engagement and enter agreement. |
(22%-28%). |
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Evaluate Internal Control. |
(12%-18%). |
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Obtain and Document Evidence. |
(32%-38%). |
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Review the engagement to provide reasonable assurance that objectives are achieved and evaluate
information obtained to reach and to document engagement conclusions |
(8%-12%%). |
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Prepare communications (reports and letters) to satisfy engagement objectives |
(12%-18%). |
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Part II: Financial Accounting & Reporting
(business enterprises, not-for-profit organizations, and governmental entities) |
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Concepts and standards for financial statements |
(17%-23%). |
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Typical items in financial statements in conformity with generally accepted accounting principles |
(27%-33%). |
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Specific types of transactions and events in financial statements |
(27%-33%). |
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Governmental Entities. |
(8%-12%). |
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Nongovernmental not-for-profit organizations. |
(8%-12%). |
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Part III: Regulation
(professional responsibilities, business law, and taxation) |
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Ethics and professional and legal responsibilities |
(15%-20%). |
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Business Law |
(20%-25%). |
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Federal tax procedures |
(8%-12%). |
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Federal taxation - property transactions |
(8%-12%). |
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Federal taxation - individuals |
(12%-18%). |
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Federal taxation - entities |
(22%-28%). |
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Part IV: Business Environment & Concepts |
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Business Structure |
(17%-23%). |
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Economics |
(8%-12%). |
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Financial Management |
(17%-23%). |
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Information Technology |
(22%-28%). |
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Planning and Measurement |
(22%-28%). |
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QUESTION FORMAT |
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| BUSINESS ENVIRONMENT |
is 100% multiple choice. |
| AUDITING |
includes multiple choice questions and simulations |
| REGULATION |
includes multiple choice questions and simulations |
| FAR |
includes multiple choice questions and simulations |
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| 5.5 |
Other Important Facts About The CPA Exam |
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A. DURATION of the CPA Exam: |
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- The examination (4 parts) takes two days.
- Each of the four parts of the examination is graded on a scale of 0 to 100.
- Choose : Establish an account selection to create a new account
- The minimum passing score is 75.
- This duration is broken down as follows.
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Auditing |
(AUD) |
4.5 hours |
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Financial Accounting & Reporting |
(FAR) |
4 hours |
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Regulation |
(REG) |
3 hours |
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Business Environment and Concepts |
(BEC) |
2.5 hours |
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B. TESTING WINDOWS |
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January & February
Test Available |
Not Available
During March |
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April & May
Test Available |
Not Available
During June |
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July & August
Test Available |
Not Available
During September |
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October & November
Test Available |
Not Available
During December |
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| 6. |
Exam Retake Policy |
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The NASBA CPA Exam retake policy involves a large literature we summarize as follows: |
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- Previously Met Educational Requirements
- Access (or Create) Your Personal Client Account
- Complete Application – Using Personal Client Account (Print Application Remittance Form)
- Submit Signed Application Remittance Form and Fee to CA Board
- Receive CA Board Approval and Select Exam Section(s)
- Receive Payment Coupon from NASBA. If you do not receive the Payment Coupon within 10 business days after section, visit NASBA’s Web site at www.nasba.org to pay online
- Pay NASBA Exam Section Fee(s). Refer to: NASBA’s Online Credit Card Payment Form. Answer only the required fields when paying online.
- To fill in the Mother’s Maiden Name field on NASBA’s form. Please enter the word UNKNOWN in the Mother’s Maiden Name field. This will allow you to continue processing your online payment. For additional payment information, telephone 1-866-696-2722
- Receive Notice to Schedule (NTS) from NASBA
- Schedule with Prometric ()
- Take CPA Exam at Prometric Testing Center
- Receive Score Report from CA Board
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* For full details, please to upload the Repeat Exam Guide
* For more information about CPA license, click here to upload CPA license handbook |
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| 7. |
Additional Services Provided By Global Consultants Upon Participants’ Request |
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Based on our participants’ request, we provide additional services related to CPA Certificate Review Course, e.g. registering participants for AICPA Membership and the CPA after collecting the due fees from them. The following table represents AICPA credit Policy. The following data represent the Membership & Exam Fees relevant to the CPA designation of, as stated by the AICPA. |
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TEST FEES |
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Subject |
US Dollars |
Kuwaiti Dinar |
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Initial Application or Transfer of Credit |
USD 100 |
KD. 30 |
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Part I: Auditing & Attestation |
USD 226.28 |
KD. 68 |
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Part II: Financial Accounting & Reporting |
USD 214.35 |
KD. 64 |
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Part III: Regulation |
USD 190.50 |
KD. 57 |
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Part IV: Business Environment & Concepts |
USD 178.58 |
KD. 54 |
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Re-examination Application |
USD 50 |
KD. 15 |
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* Any changes to the above credit policy is the responsibility of AICPA & NASBA. |
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* As stated early, the CPA exam is set in the US. So, we provide our participants with a Certificate to Whom It May Concern to state that a certain participant is enrolled at our end for the CPA Review, to help him apply for an entry visa to the States to sit for the CPA Exam. |
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