How Much Does the CPA Test Really Cost?

Becoming a Certified Public Accountant (CPA) is a significant professional achievement, opening doors to diverse career opportunities and increased earning potential. The path to this designation involves various financial commitments beyond the examination itself. Understanding these costs upfront is important for effective financial planning. This article details the expenses aspiring CPAs can expect throughout their journey.

Core Examination Fees

The CPA examination has four sections, and a fee is assessed for each. While the National Association of State Boards of Accountancy (NASBA) recommends approximately $262.64 per section, these costs vary by jurisdiction. Some states might charge around $344.80 per section.

Assuming a candidate passes all four sections on the first attempt, total examination fees could range from $1,050 to $1,380. These fees cover NASBA, AICPA, Prometric testing center fees, and security measures. Payment is generally made through the NASBA portal after receiving a Notice to Schedule (NTS) from the state board.

Application and Administrative Fees

Before taking the CPA exam, candidates incur application and administrative fees. State boards of accountancy charge an initial application fee, ranging from $20 to $200, to determine eligibility. This is typically a one-time fee for verifying academic credentials and prerequisites.

Once deemed eligible, candidates receive a Notice to Schedule (NTS), authorizing them to schedule exam sections with Prometric. Some states may charge an additional registration fee per section, ranging from $40 to $200, or a flat NTS application fee around $100. If an NTS expires or needs re-application, re-issuance fees around $50 may apply. Individuals with foreign academic credentials often require an academic transcript evaluation to ensure their education meets U.S. standards. This service typically costs $90 to $400, depending on the evaluating agency.

CPA Review Material Expenses

While not mandatory, investing in a CPA review course is a widespread practice and represents a substantial financial outlay. These courses provide structured study plans, practice questions, and expert guidance to enhance the likelihood of passing the rigorous exam. Review courses offer various packages, from basic self-study to comprehensive programs with live instruction and personalized coaching.

Costs vary significantly based on the provider, features, and duration of access. A comprehensive CPA review course can range from $1,000 to over $5,000. Some premium packages, offering extensive resources and support, may reach up to $5,999. This investment is often considered worthwhile as it can reduce costly re-takes and accelerate licensure. Many review course companies offer payment plans or discounts to help manage this expense.

Other Potential Expenses

Beyond the core exam and review materials, other variable costs can arise during the CPA licensure process. If a candidate fails a section, re-examination fees range from $50 to $200 per section, in addition to potential registration and exam section fees. Rescheduling an exam appointment may also incur fees: around $35 for 6-29 days’ notice, or $85 for less than 5 days’ notice.

Many jurisdictions require candidates to pass a state-specific ethics exam. This ethics exam can range from $150 to $320, with some states offering their own versions while others require the AICPA’s comprehensive ethics course. After successfully passing all exam sections and meeting experience requirements, initial CPA licensing fees typically range from $50 to $500, and ongoing annual license renewal fees often range from $60 to $110. Candidates should also consider travel and accommodation costs if their testing center is not local.