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AICPA REG Actual Tests : CPA Regulation

About Best AICPA REG Exam Practice Material

Walking into the REG exam cold is a risk you do not need to take. The Actual4test test engine simulates the real exam environment, letting you rehearse the AICPA CPA Regulation experience with 70 timed practice questions.

AICPA REG Exam Overview:

Certification Vendor:AICPA
Exam Name:CPA Regulation (REG) Exam
Exam Number:REG
Real Exam Qty:74 total (66 MCQs + 8 TBSs)
Exam Duration:240 minutes
Exam Price:USD 250–350 (varies by jurisdiction and fees)
Exam Format:Multiple Choice Questions (MCQ), Task-Based Simulations (TBS)
Related Certifications:CPA Auditing and Attestation (AUD)
CPA Business Analysis and Reporting (BAR)
CPA Business Environment and Concepts (BEC legacy)
CPA Tax Compliance and Planning (TCP)
CPA Financial Accounting and Reporting (FAR)
CPA Information Systems and Controls (ISC)
Certificate Validity Period:CPA exam credit valid for 18 months (rolling window); CPA license does not expire once issued
Passing Score:75 (on a 0–99 scale)
Available Languages:English
Recommended Training:AICPA CPA Exam Blueprints & Prep Resources
NASBA Candidate Resources
Exam Registration:NASBA CPA Exam Services
CPA Central Registration Portal
Sample Questions:AICPA REG Sample Questions
Exam Way:Computer-based testing at authorized Prometric testing centers
Pre Condition:No formal prerequisites for taking the CPA exam, but most jurisdictions require education (typically 120–150 semester hours) and specific accounting coursework for licensure.

AICPA REG Exam Syllabus Topics:

SectionWeightObjectives
Federal Taxation of Property Transactions12–22%- Property transactions
  • 1. Gains and losses recognition
    • 2. Basis computation
      Federal Taxation of Individuals15–25%- Individual income taxation
      • 1. Gross income and exclusions
        • 2. Deductions and credits
          Federal Taxation of Entities18–28%- Business entity taxation
          • 1. C corporations taxation
            • 2. S corporations taxation
              • 3. Partnership taxation
                Ethics, Professional Responsibilities, and Federal Tax Procedures15–25%- Federal tax procedures
                • 1. Tax return filing, penalties, and statute of limitations
                  • 2. IRS authority and procedures
                    - Ethics and professional conduct
                    • 1. Professional responsibilities and standards
                      • 2. Ethical decision-making frameworks
                        Business Law10–20%- Business structure law
                        • 1. Secured transactions basics
                          • 2. UCC principles
                            - Contracts and agency
                            • 1. Agency relationships and liability
                              • 2. Contract formation and enforceability

                                Everything You Want to Know About the AICPA REG Exam

                                The REG exam (CPA Regulation) is the official AICPA exam that leads to the Certified Public Accountant (CPA) certification, a credential at the Professional level. Related certifications include CPA Auditing and Attestation (AUD), CPA Financial Accounting and Reporting (FAR), CPA Business Environment and Concepts (BEC legacy), CPA Business Analysis and Reporting (BAR), CPA Information Systems and Controls (ISC), CPA Tax Compliance and Planning (TCP). Actual4test provides 70 practice questions to help you prepare for it with confidence.

                                The REG exam contains 74 total (66 MCQs + 8 TBSs) questions and gives you 240 minutes to finish them. Before exam day, divide the total time by the question count so you know the pace you need to keep, and flag difficult items instead of getting stuck on them. Running at least one full timed session in the Actual4test test engine is the best way to make that time pressure feel familiar.

                                You need 75 (on a 0–99 scale) to pass, and the official registration fee is USD 250–350 (varies by jurisdiction and fees). Keep in mind that a failed attempt means paying that fee in full again, so it pays to test yourself first. When your scores on the Actual4test timed practice tests stay consistently above the passing line, you are ready to book the exam.

                                No formal prerequisites for taking the CPA exam, but most jurisdictions require education (typically 120–150 semester hours) and specific accounting coursework for licensure. Requirements can change over time, so always double-check the latest eligibility rules before you register.

                                You can book your exam through the official registration channels:

                                The exam is delivered in the following way: Computer-based testing at authorized Prometric testing centers.

                                AICPA recommends the following training options for this exam:

                                Official courses build the foundation, and the 70 REG practice questions from Actual4test help you turn that knowledge into exam-day performance.

                                Yes. Actual4test offers a free REG PDF demo so you can check the quality of the practice questions before purchasing. After you buy, your product comes with 365 days of free updates, and if it expires you can renew the update service at a 50% discount from your member zone.

                                Your purchase is protected by our 100% Money Back Guarantee. If you take the corresponding REG exam within 60 days of purchase and do not pass, send us a scan of your enrollment slip and the official Score Report PDF within two days of the exam, and the full refund will be processed within seven days. The candidate name must match the payer name; exams taken within three days of purchase, free materials, and expired orders are not eligible. If you would rather not refund, you can exchange your product for two free products of equal value and keep the update service on your original purchase. Delivery itself is instant: your material is available for download and is emailed to you within one minute of payment. If nothing arrives within two hours, contact our support team. There is no limit on how many computers you may install it on.

                                The REG syllabus is organized into 5 exam domains. Among the first three are Federal Taxation of Individuals (15–25%), Federal Taxation of Property Transactions (12–22%), Federal Taxation of Entities (18–28%). For the complete breakdown of topics and subtopics, see the Exam Topics section above.

                                AICPA CPA Regulation Sample Questions:

                                Question 1

                                Wallace purchased 500 shares of Kingpin, Inc. 15 years ago for $25,000. Wallace has worked as an
                                owner/employee and owned 40% of the company throughout this time. This year, Kingpin, which is not an
                                S corporation, redeemed 100% of Wallace's stock for $200,000. What is the treatment and amount of
                                income or gain that Wallace should report?

                                A. $175,000 ordinary income.
                                B. $200,000 long-term capital gain.
                                C. $0
                                D. $175,000 long-term capital gain.


                                Question 2

                                Porter was unemployed for part of the year. Porter received $35,000 of wages, $4,000 from a state
                                unemployment compensation plan, and $2,000 from his former employer's company-paid supplemental
                                unemployment benefit plan. What is the amount of Porter's gross income?

                                A. $37,000
                                B. $35,000
                                C. $41,000
                                D. $39,000


                                Question 3

                                A cash basis taxpayer should report gross income:

                                A. Only for the year in which income is actually received in cash.
                                B. For the year in which income is either actually or constructively received in cash only.
                                C. For the year in which income is either actually or constructively received, whether in cash or in
                                property.
                                D. Only for the year in which income is actually received whether in cash or in property.


                                Question 4

                                Rich is a cash basis self-employed air-conditioning repairman with 1993 gross business receipts of
                                $ 20,000. Rich's cash disbursements were as follows:

                                What amount should Rich report as net self-employment income?

                                A. $15,100
                                B. $14,100
                                C. $13,900
                                D. $14,900


                                Question 5

                                Tom and Joan Moore, both CPAs, filed a joint 1994 federal income tax return showing $70,000 in taxable
                                income. During 1994, Tom's daughter Laura, age 16, resided with Tom. Laura had no income of her own
                                and was Tom's dependent.
                                Determine the amount of income or loss, if any that should be included on page one of the Moores' 1994
                                Form 1040.
                                Tom's 1994 wages were $53,000. In addition, Tom's employer provided group-term life insurance on
                                Tom's life in excess of $50,000. The value of such excess coverage was $2,000.

                                A. $2,000
                                B. $1,500
                                C. $10,000
                                D. $25,000
                                E. $1,000
                                F. $900
                                G. $1,250
                                H. $50,000
                                I. $0
                                J. $75,000
                                K. $1,300
                                L. $2,500
                                M. $3,000
                                N. $500
                                O. $55,000


                                Solutions:

                                Question 1
                                Answer: D
                                Question 2
                                Answer: C
                                Question 3
                                Answer: C
                                Question 4
                                Answer: A
                                Question 5
                                Answer: I

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