The computer-based test is scheduled for implementation in early 2004. A final paper-based version of the examination will be delivered in November 2003. When the computerized version is introduced, candidates will be able to sit for the exam up to four times a year, as opposed to the current two times per year. Under computer-based testing, the exam will be available up to six days a week.

"All three parties are firmly committed to working together to bring the revised CPA examination to fruition," said Barry C. Melancon, AICPA President and CEO. "The computerized exam will better assess the skills that new CPAs must possess in order to carry out their essential charge: safeguarding the public interest."

The AICPA will continue to create and grade the computerized CPA examination, and NASBA and the State Boards of Accountancy will be responsible for the overall administration of the exam to the more than 100,000 candidates who sit for the exam each year. Prometric, a technology-based testing company, will deliver the exam to the candidates through more than 300 testing centers in the United States and U.S. territories.