Objective: The Committee oversees the REG Core section and the Tax Compliance and Planning (TCP) Discipline section of the Exam under CPA Evolution.
The REG Core section of the Exam will assess the knowledge and skills that nlCPAs must demonstrate with respect to U.S. ethics and professional responsibilities related to tax practice, U.S. business law, U.S. federal tax compliance for individuals and entities with a focus on recurring and routine transactions.
The TCP Discipline section of the Exam will assess the knowledge and skills that nlCPAs must demonstrate with respect to: U.S. federal tax compliance for individuals and entities with a focus on nonroutine and higher complexity transactions, U.S. federal tax planning for individuals and entities, and personal financial planning.
Members of the Committee are responsible for:
● Reviewing and approving the multiple-choice questions (MCQs) and task-based simulations (TBSs) included in the Exam for technical accuracy, appropriateness for nlCPAs, and conformity with content blueprints.
● Setting the strategic direction of the section based on standard-setting developments and other trends in the accounting profession
● Monitoring the overall health of the inventory of MCQs and TBSs to ensure that the Exam can be assembled based on the requirements set forth in the content blueprints
Qualifications/requirements:
● Licensed CPA
● AICPA member
● Cannot be engaged in CPA Examination review or preparation activities
● Cannot have an immediate family member who is currently taking or preparing to take the Exam
● Meets one of the volunteer needs for the upcoming year described below
○ Tax professional. Volunteer who currently has a position of Manager or above and is employed by an international/national public accounting firm.
○ Tax professional. Volunteer who currently has a position of Manager or above and is employed by a regional public accounting firm.
○ Professor in Tax. Volunteer who currently teaches tax in an academic setting.
Meeting format: Combination of in-person and web meetings per year (mostly web meetings):
○ In-person meetings are two days
○ Web meetings are two to four hours
● There is about one hour of preparation time for each hour of meeting time