What to Do If You Fail the CPA Exam: Retake Rules and Tips

Failing the CPA exam can feel overwhelming, but it’s a common experience among candidates. So you may have just failed the CPA exam. Now what? You’re not alone. Most people who take the CPA exam fail at least one section. Approximately 50% of candidates fail at least one section in each testing window. This guide will provide you with essential insights into the retake process, effective strategies for improvement, and tips for maintaining motivation through this challenging journey.

Understanding the CPA Exam Retake Process

The CPA exam is rigorous by design, testing your knowledge and skills across various areas. Understanding the retake process is of course essential to prepare you for your success.

What to Do After Failing a CPA Exam Section

1. Acknowledge Your Feelings: Accept that failure is a natural part of the learning process. Don’t internalize failure as a measure of your intelligence or potential.
2. Review Your Scores: After failing, you will receive a scorecard from NASBA. This document highlights your performance in each area, allowing you to identify strengths and weaknesses. Focus on the areas that need improvement.
3. Take a Mental Break: Allow yourself time to decompress. Reflect on the experience without judgment, and think about how you can approach your studies differently.
4. Seek Feedback: If possible, talk to a mentor or fellow candidate about your experience. They may offer valuable insights or alternative study strategies that worked for them.

Retaking the CPA Exam: Eligibility and Scheduling

When Can You Retake the CPA Exam?

• Unlimited Attempts: You can retake each section of the CPA exam as many times as you need.
• Score Reports: After a failure, the NASBA score report provides a high-level overview of your performance, pinpointing areas for further study.
• Reapplication Fees: The reapplication process can incur fees that you must pay, which vary by state. Familiarize yourself with these costs to plan your budget accordingly.

Understanding the CPA Exam Structure

To enhance your study efforts, it’s of course crucial to review and comprehend the structure of the CPA exam:

1. Four Sections: The exam now consists of four sections—AUD (Auditing and Attestation), FAR (Financial Accounting and Reporting), REG (Regulation), and a new discipline section. The discipline section allows candidates to choose one of the three following options: BAR (Business Analysis and Reporting), ISC (Information Systems and Controls), or TCP (Tax Compliance and Planning). This structure reflects the latest changes in the CPA exam to better align with evolving professional requirements.
2. Exam Format: Each section includes multiple-choice questions (MCQs), task-based simulations (TBSs), and written communication tasks (in BEC). Knowing the format will help tailor your study strategies.
3. Testing Windows: The CPA exam is no longer available during designated testing windows throughout the year.

Continuous Testing vs. Testing Windows

Understanding the Shift to Continuous Testing

The CPA Exam has transitioned from a traditional testing and review window model to a continuous testing and review format, offering greater flexibility for candidates. This change significantly impacts how candidates review and approach retaking failed exam sections.

Testing Windows

Under the old model, CPA exam candidates had to work within designated testing windows, which typically spanned several weeks to several months. Candidates could only take each exam section during these specific periods, often leading to long waits after a failed CPA exam section. If a candidate, in one testing event, failed an exam section, they would need to wait until the next testing window, meaning outside of the current/same testing window, to attempt it again. This delay between testing event could create added stress, disrupt study plans, and prolong the overall timeline for passing the CPA exam.

Continuous Testing

With the introduction of continuous testing, candidates can take the CPA exam year-round without being limited by testing windows. This change offers several benefits for those who need to retake the test after a failed section:

1. Immediate Retakes: Candidates can retake a failed exam section as soon as they receive their score, which is typically provided shortly after the exam. This immediacy allows for quicker feedback and the opportunity to address weaknesses without prolonged delays.
2. Flexible Scheduling: Continuous testing allows candidates to schedule their exam at their convenience. This flexibility enables candidates to choose a date and time that best fits their study schedules and personal commitments, reducing stress.
3. Enhanced Study Plans: Knowing they can retake an exam section more quickly, candidates can adjust their study plans based on performance feedback from the previous attempt. This agility helps them focus on areas needing improvement rather than feeling rushed to prepare for the next testing window.
4. Reduced Anxiety: The pressure of a limited testing window can be overwhelming. Continuous testing alleviates some of this anxiety, as candidates no longer have to worry about timing their retakes within a set period. They can focus on mastering the material at their own pace.

Preparing for Your CPA Exam Retake

Effective preparation is key to overcoming failure and achieving success on your next attempt.

How to Study for a Retake

1. Analyze Previous Mistakes: Spend time reviewing what went wrong on your previous attempt. Identify specific areas or question types where you struggled.
2. Focus on Understanding: Shift your mindset from rote memorization to understanding the concepts behind the questions. This deeper comprehension will help you tackle similar questions more effectively.
3. Create a Study Plan: Develop a detailed study plan that includes daily or weekly goals, taking into account your weak areas. This structure will keep you focused and accountable.
4. Utilize a Study Funnel Plan: Implement an adaptive study funnel plan to help you concentrate on the areas that require the most attention. This personalized approach can maximize your study time.
5. Enroll in a CPA Review Course: Opt for a review course that provides fresh questions, coaching, and personalized feedback. Look for options that cater to your learning style and preferences.

Common Mistakes to Avoid When Retaking the CPA Exam

Identifying and avoiding common pitfalls can significantly enhance your chances of success:

1. Ignoring the Feedback: Failing to analyze the feedback from your previous exam can lead to repeating the same mistakes. Take your scorecard seriously and use it as a roadmap for improvement.
2. Underestimating Study Time: Ensure you allocate enough time to prepare. Many candidates fail because they underestimate the time required to study thoroughly.
3. Neglecting Practice Questions: Regularly practicing MCQs and TBSs can help reinforce your knowledge. Use a variety of question types to gain a well-rounded understanding.
4. Avoiding Study Groups: Collaborating with peers can provide motivation and accountability. Engaging in discussions can help clarify complex concepts and solidify your understanding.
5. Giving Up Too Soon: If you feel discouraged, remember that many successful CPAs faced challenges before passing the exam. Perseverance is key!

Staying Motivated and Focused

Staying positive and motivated during the course of your retake journey is of course crucial for success.

Overcoming Failure and Staying Positive

1. Shift Your Mindset: Reframe failure as an opportunity to learn and grow. Each setback can lead to valuable insights that enhance your future performance.
2. Set Small Goals: Break your study plan into smaller, manageable goals. Celebrate your achievements along the way, no matter how small, to maintain motivation.
3. Seek Support: Engage with a mentor, join a study group, or participate in online forums. Connecting with others who understand your challenges can provide encouragement and guidance.

Reapplying for the CPA Exam

What is the Process for Reapplication?

1. Filling Out Forms: Reapplication is generally straightforward. Complete the required forms, ensuring all details are accurate.
2. Paying Exam Fees: What fees you must pay for reapplication for CPA exams can vary by state. Make sure to confirm the exact amount to budget your money appropriately.
3. No Limits on Reapplications: There is no limit on the number of times you can reapply for an exam section, so use this to your advantage.

Preparing the Week Before the Exam

The week leading up to the CPA exam is crucial for your performance. This period should focus on final preparations, confidence-building, and maintaining your mental health.

Study Strategy for the Week Before

1. Review Key Concepts: Instead of cramming new material, spend the week reviewing key concepts and areas you’ve identified as weaknesses. Focus on understanding rather than memorization.
2. Practice Exam Questions: Take a few practice exams to simulate the test environment. This will help you familiarize yourself with the exam format and timing.
3. Use Active Recall: Engage in active recall techniques by quizzing yourself on important topics. Teaching the material to someone else can also reinforce your understanding.
4. Limit New Material: Avoid introducing new concepts or topics in the last week. This can create unnecessary stress and confusion.
5. Create a Study Schedule: Organize your time effectively by setting specific goals for each study session. Ensure you allocate time for breaks to avoid burnout.

Mental and Physical Preparation

1. Practice Relaxation Techniques: Engage in relaxation techniques, such as mindfulness or yoga, to reduce anxiety and maintain focus. Incorporate these practices into your daily routine.
2. Prioritize Sleep: Aim for consistent, quality sleep each night leading up to the exam. Good sleep helps consolidate memory and enhances cognitive function.
3. Eat Well: Maintain a balanced diet rich in nutrients. Focus on whole foods, such as fruits, vegetables, whole grains, and lean proteins. Stay hydrated to keep your mind sharp.
4. Limit Caffeine and Sugar: While it might be tempting to rely on caffeine and sugary snacks, too much can lead to energy crashes and increased anxiety. Opt for healthier snacks that provide sustained energy.

Tips for Exam Day

The day of the CPA exam can be nerve-wracking, for example, but preparation and self-care can help you perform and pass the test at your best.

Morning Routine

1. Eat a Nutritious Breakfast: Have a healthy breakfast that includes protein, whole grains, and fruits. Foods like oatmeal with fruit, yogurt with granola, or eggs with whole-grain toast provide lasting energy and help you stay focused.
2. Avoid Overthinking: Try not to review too much in the morning. Instead, do a quick mental recap of key concepts or strategies but avoid cramming.
3. Dress Comfortably: Wear comfortable clothes that make you feel confident and relaxed. Dress in layers to accommodate the exam room temperature.

Getting to the Exam

1. Arrive Early: Plan to arrive at the prometric testing center at least 30 minutes before your scheduled exam time. This allows you to check in calmly and reduces last-minute stress.
2. Know the Location: Familiarize yourself with the testing center’s location beforehand. If possible, do a practice run to know exactly how long it takes to get there.
3. Bring Necessary Items: Ensure you have all required materials, such as identification, your NTS (Notice to Schedule), and any permitted items (e.g., a calculator). Check the testing center’s guidelines for specifics.

During the CPA Exam

1. Stay Calm and Focused: Take deep breaths to calm any nerves before starting. If you feel anxious during the exam, pause for a moment, close your eyes, and take a few deep breaths to regain focus.
2. Manage Your Time Wisely: Keep an eye on the clock. If you get stuck on a question, move on and come back to it later if time permits. This approach helps ensure you answer all questions.
3. Read Questions Carefully: Take the time to read each question and its instructions thoroughly. Look for keywords and understand what the question is asking before selecting your answer.
4. Stay Hydrated: If allowed, take sips of water during the exam. Staying hydrated helps maintain focus and cognitive function.
5. Positive Affirmations: Use positive self-talk to reinforce your confidence. Remind yourself of your preparation and ability to succeed.

Getting Help and Support

Finding the right resources can make all the difference in your CPA exam journey.

Resources to Help You Pass the CPA Exam

1. Coaching and Community Support: Seek out review courses that offer coaching elements. Having a mentor or study partner can provide accountability and encouragement.
2. Utilize Online Tools: Explore online resources designed to support CPA candidates. Tools like the CPA Exam Retake Study Personality Quiz, Kesler CPA Review, and strategy sessions can help you refine your approach.
3. Join Online Forums and Groups: Engaging in online communities where candidates share experiences, tips, and resources can be incredibly beneficial. Platforms like Reddit, Facebook, or specialized CPA forums can be excellent places to connect with others.

Professional Help and Counseling

If you’re struggling emotionally or feeling anxious about retaking the course and passing the CPA exam, consider speaking with a mental health professional. They can provide you advice and strategies to help you manage stress and stay focused on your goals.

Conclusion: You Got This!

Facing failure in the CPA exam is challenging, but it doesn’t define your potential for success. Embrace the learning opportunities from this experience, review your performance, and adjust your study strategies as needed.

Remember, you’re not alone on this journey. Many candidates have faced similar setbacks and emerged victorious. With perseverance, determination, and the right support, you can turn setbacks into stepping stones toward becoming a CPA. You got this!