Computerized CPA Exam launched Apr. 5; online professional literature offered to candidates.

• Position: Disciplinary actions - Membership Terminated - Joint Ethics Enforcement Program

The computerized Uniform CPA Examination launched successfully on Apr. 5, thanks to joint efforts by the AICPA, the National Association of State Boards of Accountancy and Thomson Prometric. The computer-based exam is more closely aligned with the real-world requirements of entry-level CPAs, explained AICPA Vice President of Professional Standards and Services Arleen Thomas. "The exam now enables us to evaluate a candidate's research, analytical, judgment and communications skills, which are essential to a CPA's daily work," she said.

With the computerized format, the exam is available almost year-round, and candidates in most jurisdictions may choose to take the exam sections individually or at different times. In return for this flexibility, candidates must pass all four exam sections within 18 months in most jurisdictions to retain credit.

Separately, the AICPA announced it is offering CPA exam candidates an online package of professional literature to help them prepare for the exam. The package includes AICPA Professional Standards, FASB Current Text and FASB Original Pronouncements. Candidates may subscribe at www.cpa-exam.org. Only candidates who have applied to take the exam and have been deemed eligible by state boards of accountancy may have access to this specially priced package of professional literature.

As a result of an investigation of alleged violations of the Code of Professional Conduct of the AICPA, the following ethics case has been resolved by settlement agreement under the Joint Ethics Enforcement Program:

* Ivan...