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Updated: Sep 14, 2026

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AICPA REG Exam Overview:

Certification Vendor:AICPA
Exam Name:CPA Regulation (REG) Exam
Exam Number:REG
Related Certifications:CPA Auditing and Attestation (AUD)
CPA Financial Accounting and Reporting (FAR)
CPA Information Systems and Controls (ISC)
CPA Business Analysis and Reporting (BAR)
CPA Tax Compliance and Planning (TCP)
CPA Business Environment and Concepts (BEC legacy)
Certificate Validity Period:CPA exam credit valid for 18 months (rolling window); CPA license does not expire once issued
Passing Score:75 (on a 0–99 scale)
Exam Price:USD 250–350 (varies by jurisdiction and fees)
Available Languages:English
Exam Format:Multiple Choice Questions (MCQ), Task-Based Simulations (TBS)
Real Exam Qty:74 total (66 MCQs + 8 TBSs)
Exam Duration:240 minutes
Recommended Training:AICPA CPA Exam Blueprints & Prep Resources
NASBA Candidate Resources
Exam Registration:CPA Central Registration Portal
NASBA CPA Exam Services
Sample Questions:AICPA REG Sample Questions
Exam Way:Computer-based testing at authorized Prometric testing centers
Pre Condition:No formal prerequisites for taking the CPA exam, but most jurisdictions require education (typically 120–150 semester hours) and specific accounting coursework for licensure.

AICPA REG Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Federal Taxation of Property Transactions12–22%- Property transactions
  • 1. Gains and losses recognition
    • 2. Basis computation
      Topic 2: Business Law10–20%- Contracts and agency
      • 1. Agency relationships and liability
        • 2. Contract formation and enforceability
          - Business structure law
          • 1. UCC principles
            • 2. Secured transactions basics
              Topic 3: Federal Taxation of Individuals15–25%- Individual income taxation
              • 1. Gross income and exclusions
                • 2. Deductions and credits
                  Topic 4: Federal Taxation of Entities18–28%- Business entity taxation
                  • 1. S corporations taxation
                    • 2. C corporations taxation
                      • 3. Partnership taxation
                        Topic 5: Ethics, Professional Responsibilities, and Federal Tax Procedures15–25%- Ethics and professional conduct
                        • 1. Professional responsibilities and standards
                          • 2. Ethical decision-making frameworks
                            - Federal tax procedures
                            • 1. Tax return filing, penalties, and statute of limitations
                              • 2. IRS authority and procedures

                                AICPA CPA Regulation Sample Questions:

                                Question #1

                                Allen owns 100 shares of Prime Corp., a publicly-traded company, which Allen purchased on January 1,
                                2 001, for $10,000. On January 1, 2003, Prime declared a 2-for-1 stock split when the fair market value
                                (FMV) of the stock was $120 per share. Immediately following the split, the FMV of Prime stock was $62
                                per share. On February 1, 2003, Allen had his broker specifically sell the 100 shares of Prime stock
                                received in the split when the FMV of the stock was $65 per share. What amount should Allen recognize
                                as long-term capital gain income on his Form 1040, U.S. Individual Income Tax Return, for 2003?

                                • A. $750
                                • B. $300
                                • C. $2,000
                                • D. $1,500
                                Reveal Solution  Discussion  0

                                Correct Answer: D  🗳️

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                                Question #2

                                Which one of the following statements is correct with regard to an individual taxpayer who has elected to
                                amortize the premium on a bond that yields taxable interest?

                                • A. The amortization is not treated as a reduction of taxable income.
                                • B. The bond's basis is reduced by the amortization.
                                • C. The amortization is treated as an itemized deduction.
                                • D. The bond's basis is increased by the amortization.
                                Reveal Solution  Discussion  0

                                Correct Answer: B  🗳️

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                                Question #3

                                Hall, a divorced person and custodian of her 12-year old child, filed her 1990 federal income tax return as
                                head of a household. She submitted the following information to the CPA who prepared her 1990 return:
                                . In 1990, Hall sold an antique that she bought in 1980 to display in her home. Hall paid $800 for the
                                antique and sold it for $1,400, using the proceeds to pay a court ordered judgment.
                                The $600 gain that Hall realized on the sale of the antique should be treated as:

                                • A. An involuntary conversion.
                                • B. Ordinary income.
                                • C. A nontaxable antiquities transaction.
                                • D. Long-term capital gain.
                                Reveal Solution  Discussion  0

                                Correct Answer: D  🗳️

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                                Question #4

                                Fred Berk bought a plot of land with a cash payment of $40,000 and a mortgage of $50,000. In addition,
                                Berk paid $200 for a title insurance policy. Berk's basis in this land is:

                                • A. $90,000
                                • B. $90,200
                                • C. $40,000
                                • D. $40,200
                                Reveal Solution  Discussion  0

                                Correct Answer: B  🗳️

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                                Question #5

                                In the current year Jensen had the following items:

                                What is Jensen's AGI for the current year?

                                • A. $59,000
                                • B. $62,000
                                • C. $44,000
                                • D. $84,000
                                Reveal Solution  Discussion  0

                                Correct Answer: A  🗳️

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