AICPA Practice Test PDF (Free Printable 2026 June)
📗 Prepare for the AICPA certification. Practice questions with answer explanations covering all exam domains.
AICPA Practice Test PDF – Free Printable CPA Exam Prep
Preparing for the AICPA CPA Exam? A printable AICPA practice test PDF gives you an offline format to review auditing standards, financial accounting principles, tax regulations, and business environment concepts across the CPA Exam sections. Working through CPA-style multiple-choice questions and task-based simulations on paper reinforces the technical accounting knowledge and professional standards that the CPA Exam demands. This page provides a free PDF download and a guide to each CPA Exam section.
The CPA Exam is administered by the AICPA (American Institute of Certified Public Accountants) and the NASBA (National Association of State Boards of Accountancy). It is required for CPA licensure in all US jurisdictions and is one of the most rigorous professional licensing exams in the United States. The exam was restructured in 2024 into a Core + Discipline model.
Important: The AICPA exam covers multiple domains. Allocate more study time to unfamiliar topics while maintaining review of strong areas.
CPA Exam Section Breakdown
The 2024 CPA Evolution restructured the exam into three Core sections (all candidates must pass) and one Discipline section (candidate's choice of specialty). Your AICPA practice test PDF covers all core content areas.
AUD – Auditing and Attestation
AUD covers the entire audit process and professional standards. Key topics: AICPA auditing standards (GAAS) for non-public companies vs. PCAOB standards for public companies, audit planning (risk assessment — inherent risk, control risk, detection risk, audit risk = IR × CR × DR), internal controls (COSO framework — 5 components), audit evidence (types, sufficiency, appropriateness), audit reports (unmodified, qualified, adverse, disclaimer), attest engagements (reviews, compilations, agreed-upon procedures), and ethics/professional responsibilities (independence — appearance and fact, confidentiality, conflicts of interest). Audit risk calculation and the risk of material misstatement are the most calculation-heavy AUD topics.
FAR – Financial Accounting and Reporting
FAR is the widest-breadth section, covering US GAAP financial reporting for multiple entity types. Core topics: financial statement preparation (balance sheet, income statement, cash flow — indirect method), revenue recognition (ASC 606 — 5-step model), lease accounting (ASC 842 — right-of-use assets, finance vs. operating leases), income taxes (deferred tax assets/liabilities, temporary vs. permanent differences), pensions (defined benefit — PBO, service cost, interest cost), governmental accounting (modified accrual basis, fund types — general, special revenue, debt service, capital projects), and not-for-profit accounting (net assets with/without donor restrictions). Government and NFP accounting together represent 25-30% of FAR questions.
REG – Regulation
REG covers federal taxation (about 70% of the exam) and business law (30%). Tax topics: individual income taxation (filing status, gross income inclusions/exclusions, deductions — above-the-line and below-the-line, credits), business entity taxation (C-corps, S-corps, partnerships — basis, at-risk rules, passive activity), property transactions (capital gains/losses, depreciation recapture, like-kind exchanges), estate and gift taxation, and tax procedures. Business law covers contracts, agency, commercial paper (UCC Articles 3 and 4), secured transactions (UCC Article 9), and federal bankruptcy law.
Discipline Sections (Choose One)
BAR (Business Analysis and Reporting) covers advanced financial reporting, managerial accounting, and business analysis — appropriate for auditors and financial reporting specialists. TCP (Tax Compliance and Planning) covers advanced individual and business tax planning, including research tax credits, estate planning, and international taxation — ideal for tax practitioners. ISC (Information Systems and Controls) covers IT general controls, cybersecurity, and data analytics — suited for auditors working in technology-intensive environments.
How to Use This PDF
Start with your weakest core section based on your accounting background. FAR takes most candidates the longest to prepare — start there if you're early in study. After this PDF, take online CPA practice tests at aicpa for instant section-level scoring.
- ✓Study audit risk formula: AR = IR × CR × DR — understand how each risk component affects audit procedures
- ✓Memorize COSO internal control components: Control Environment, Risk Assessment, Control Activities, Information/Communication, Monitoring
- ✓Review ASC 606 five-step revenue recognition: identify contract → performance obligations → transaction price → allocate → recognize
- ✓Study ASC 842 lease accounting: distinguish finance leases (balance sheet + income statement impact) from operating leases
- ✓Know governmental fund accounting: modified accrual basis, fund types, GASB vs. GAAP differences
- ✓Review individual tax brackets, standard deduction, child tax credit, and schedule of adjustments (above-the-line)
- ✓Study partnership tax: inside vs. outside basis, hot assets (IRC 751), at-risk rules, passive activity loss limits
- ✓Know S-corp requirements: 100-shareholder limit, one class of stock, eligible shareholders, built-in gains tax
- ✓Review UCC Article 9: perfection of security interests (filing vs. possession), priority rules, proceeds
- ✓Practice TBS simulations: CPA TBS questions require applying rules to specific fact patterns — practice document review
Free AICPA CPA Practice Tests Online
After completing this PDF, take full online CPA exam practice tests at aicpa — instant scoring across AUD, FAR, REG, and discipline section content with explanations for every answer. Use both formats: PDF for offline technical accounting review, online for timed MCQ simulation and tracking your progress toward the 75-point passing score in each section.
AICPA Study Tips
What's the best study strategy for AICPA?
Focus on weak areas first. Use practice tests to identify gaps, then study those topics intensively.
How far in advance should I start studying?
Most successful candidates begin 4-8 weeks before the exam. Create a structured study schedule.
Should I retake practice tests?
Yes! Take each practice test 2-3 times. Focus on understanding why answers are correct, not memorizing.
What should I do on exam day?
Arrive 30 min early, bring required ID, read questions carefully, flag difficult ones, and review before submitting.
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