The Regulation (REG) section of the Uniform CPA Examination (the Exam) tests the
knowledge and skills that a newly licensed CPA must demonstrate with respect to:
Ethics and professional responsibilities related to tax practice
A listing of reference materials relevant to the REG section of the Exam are included
under References at the conclusion of this Introduction.
Content Organization and Tasks
The REG section blueprint is organized by content AREA, content GROUP and content TOPIC. Each topic includes one or more representative TASKS that a newly licensed CPA may be expected to complete when performing tax preparation services, tax advisory services or other responsibilities of a CPA.
The tasks are not necessarily questions on the Exam. The knowledge or skill required to perform the tasks form the basis of the exam questions. For example, the REG section of the Exam will not specifically ask a candidate to “Calculate taxpayer penalties relating to federal tax returns.” However, identifying situations where it is appropriate to calculate those penalties might be asked. Additionally, tasks are to be inclusive, not exclusive of exam content. For example, the task, “Calculate tax depreciation for tangible business property …” could include the calculation of bonus depreciation.
The tasks in the blueprint are representative. They are not intended to be (nor should they be viewed as) an all-inclusive list of tasks that may be tested in the REG section of the Exam. Additionally, it should be noted that the number of tasks associated with a particular content group or topic is not indicative of the extent such content group, topic or related skill level will be assessed on the Exam.
The following table summarizes the content areas and the allocation of content tested in the REG section of the Exam:
Overview of Content Areas
Area I of the REG section blueprint covers several topics, including the following:
Ethics and Responsibilities in Tax Practice – Requirements based on Treasury
Department Circular 230 and the rules and regulations for tax return preparers
Licensing and Disciplinary Systems – Requirements of state boards of accountancy to obtain and maintain the CPA license
Federal Tax Procedures – Understanding federal tax processes and procedures, including appropriate disclosures, substantiation, penalties and authoritative hierarchy
Legal Duties and Responsibilities – Understanding legal issues that affect the CPA and his or her practice