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Exam Code: CPA-Regulation
Exam Name: Certified Public Accountant CPA Regulation
Updated: Sep 12, 2026
Q & A: 70 Questions and Answers
CPA-Regulation Free Demo download
There is no such prerequisite, anyone can go ahead and write Global Professional Human Resource certification just they need to fulfill the eligibility criteria.
Reference: http://www.aicpa.org/BecomeACPA/CPAExam/ForCandidates/FAQ/Pages/computer_faqs_2.aspx
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The Regulation (REG) section of the CPA Exam tests a CPA candidate's knowledge and skill level on federal taxation, business law, business ethics and professional and legal responsibilities. In order to take an CPA Exam, anyone who is interested in making their career in business management then they can go ahead and appear to all the 4 segments of this exam.
All the candidates appearing exam must have security number.
CPA exam is excellent opportunity for all below professionals to validate their skills in accountancy. As this exam is administered by the AICPA, which is the world's largest accounting body.
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| Section | Weight | Objectives |
|---|---|---|
| Federal Taxation of Individuals | 22-32% | - Gross income inclusions and exclusions - Adjustments, deductions, and exemptions - Filing status and dependency rules - Tax credits and alternative minimum tax - Loss limitations and carryovers |
| Federal Taxation of Entities | 23-33% | - Gift, estate, and trust taxation - Book-tax differences - Partnerships and LLCs - C corporations and S corporations - Tax-exempt organizations |
| Federal Taxation of Property Transactions | 12-22% | - Like-kind exchanges and involuntary conversions - Recognition of gains and losses - Cost recovery: depreciation, amortization, depletion - Asset basis and holding periods - Capital vs ordinary asset classification |
| Business Law | 15-25% | - Business structure legal characteristics - Uniform Commercial Code (UCC) articles - Employment and federal business regulations - Agency relationships and authority - Contract formation and performance - Debtor-creditor relationships and bankruptcy |
| Ethics, Professional Responsibilities, and Federal Tax Procedures | 10-20% | - Tax preparer penalties and due diligence - Ethics and responsibilities in tax practice - Treasury Department Circular 230 - Federal tax audit and appeal procedures - Privileged communications and disclosure rules |
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