Chapter 5: Exam Content Overview

Preparing for the Regulation Exam

Regulation is a section of the exam that includes both business law and taxation topics. In preparing for the Regulation exam, you should take a systematic approach such as the one detailed in Chapter 1.

First, in approaching your study, you should become acquainted with the nature of the Regulation exam itself. The content specification outlines are printed below.

Relatedly, you should evaluate your competence by working 10 to 20 multiple-choice questions from each of the modules (23–30). This diagnostic routine will acquaint you with the specific nature of the questions tested on each topic as well as indicate the amount of study required per topic. You should work toward an 80% correct response rate as a minimum on each topic.

Second, study the content of modules 23–39 emphasizing the concepts of each topic such as legal liability of accountants, elements of a contract, and taxable income. You may have to refer to your textbooks, etc., for topics to which you have had no previous exposure.

Third, work the multiple-choice and task-based simulations under examination conditions.


The AICPA Content and Skills Specifications for the Uniform CPA Exam sets forth the coverage of topics on the Regulation exam. This outline was issued by the AICPA and is effective beginning in 2014. The first part of the outline describes the topical coverage of the Regulation exam, and the second ...

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