CPA US is a 4- paper exam- Online with 50% MCQ, and 50% SIMS (Case Law based questions)
FAR - Financial accounting and reporting-
AUD - Audit
BEC - Business environment
REG - Regulation or US taxation
Exam format: MCQs, simulations, and written communications.
The student will have access to Authoritative literature when he is answering the Simulations part in all 4 papers. Authoritative literature comprises GAAP, IRS, and GAAS which a student can use to answer, but it requires a lot of practice to locate the exact answer as it is too vast to search.