Over the last few weeks, updates have been posted for the BEC, FAR, and REG Textbooks and the latest files are available for current students in My Studies. We recommend that all CPA students continue their studies using these latest versions.

If you have any questions about the changes, please contact us and we will be glad to assist you.

BEC had two significant additions:

  • In Volume 1, added a discussion of Types of Controls, see pages 5-7.
  • In Volume 2, added a discussion of COBIT, see pages 42-44.

FAR had several significant changes:

  • In Volume 1, updated the discussion of Acquisition and Disposal by Exchange, see pages 134-144.
  • In Volume 1, updated the discussion of Notes Receivable, see pages 166-177 and 201-209.
  • In Volume 1, updated the discussion of Deferred Income Taxes, see pages 337-366.
  • In Volume 2, updated the discussion of Leases, see pages 59-113.
  • In Volume 2, updated the discussion of Postemployment Benefits, see pages 178-187.
  • In Volume 2, updated the discussion of the Comprehensive Annual Financial Report, see pages 187-205.

In addition, minor corrections were made throughout both Volumes.

REG had several changes:

  • In Area I, updated the discussion of Ethics and Responsibilities in Tax Practice, see pages 1-7.
  • In Area II, updated the discussion of Bankruptcy, see pages 83-97.
  • Areas III, IV, and V were updated for the latest changes to tax laws and regulations.

In addition, minor corrections were made throughout both Volumes.

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