We often read about how tough it is to become Certified Public Accountant (CPA), various tips on the CPA exam preparations, review courses and tutors. However, information on the costs associated with becoming a CPA is hardly available anywhere.

In this blog, we will cover the various costs you may have to pay while taking the journey of the CPA exam. It will cover everything- from registration to exam fees and the best CPA tutor rate.

Cost of a CPA Review Course

The CPA exam includes an assessment of four different sections, which is extremely rigorous even for a professional accountant. As a result, the average pass rate accounts for 50%. Perhaps this is the reason people are given an 18-month window to pass the CPA exam. Therefore, signing up for a review course becomes essential for every candidate.

Therefore, you should include preparation fees together with the CPA exam costs. But when choosing your review course, you must consider that it provides flexible learning and payment methods. Andrew Katz Tutoring offers the best and most flexible CPA tutor rates. Based on your learning preference you may choose between private and group sessions. Further, considering your budget, you can opt for 60 or 90 minutes private sessions. Similarly, for group sessions, you get a choice of the number of people in the group. 

CPA Exam Application Fees

Although it’s tough to provide an exact number, you should be ready to spend somewhere between $50 and $200 on your CPA exam application. The cost is determined by each state board, paying which entitles you to submit your application and take the CPA exam. 

As you may already be aware, you must fulfil a number of requirements in order to be authorized to sit for the CPA test. Again, these terms and conditions may differ from state to state. However, the majority of states mandate that you hold a bachelor’s degree or higher in accounting. Once your application for the CPA exam is accepted, you will be notified through an Authorization to Test (ATT) notification.

However, you must keep in mind that if your application gets rejected you will be required to pay the fee again. Therefore, apply only when you are sure that you match the requirements.

CPA Exam Fees

Typically, the average cost of a CPA exam comes to about $200 for each section. Like other CPA exam fees, the price to take each section of the CPA exam depends on the state where you want to work. This may lead to ambiguity; you may check the National Association of State Boards of Accountancy (NASBA) website to find your state’s fees. You will also need to make the payment there. 

You must also decide the CPA test section you want to take and pay the related cost. Most individuals take the CPA exam in stages, you may choose to only pay for one or two examinations at once. Only remember that there is no discount for retaking the CPA examinations, and there are rescheduling fees ($25–$83).

Registration CPA Exam Fee

When paying your CPA test fee, you will also have to pay a registration fee, which varies by state. Again, the NASBA website offers a useful overview of the cost of the CPA exam. In states that use a tiered fee structure for the CPA exam, it is less expensive to register for more than one exam at once. For instance, paying for all four at once may cut the cost of each exam in half.

After paying the registration fee and the cost of the CPA exam, you will receive a Notice to Schedule (NTS) with a validity of six months. This implies that you may be required to pay the costs again if you do not take the examinations within that time. Again, this is the reason it’s crucial to spend money on the best CPA tutor that offers efficient learning at reasonable rates. It enables you to pass as quickly as possible and prevents you from having to pay again and again.

CPA Ethics Exam Fee

Contrary to its name, the CPA Ethics Exam can be taken either before or after the CPA exam. Although not all states demand it, the majority do in order to obtain a full license. The expense of the CPA ethics exam, which is administered by the Association of International Certified Professional Accountants (AICPA), ranges from $150 to $200.  

Final Thoughts

The fees associated with the CPA exam might seem costlier to many but remember how rewarding the license could be for your career. Becoming a CPA will definitely bring a thriving future for you. However, for the best CPA tutor rates, you can go with Andrew Katz Tutoring.