OK, here's the deal.....my original plan was to take REG, FAR, and BEC in 2010, and AUD in Jan 2011 as I figured that the actual material covered would not change drastically.   I am not nervous about the change in the structure, but the change in the material tested.  I would REALLY prefer to not have to buy 2011 materials just to take AUD in Jan of 2011.  Do you think that current AUD Becker materials would be sufficient?  I won't be able to request new 2011 materials by then because of an expired license.

I guess I could technically take all 4 this year, but I am not sure I would have sufficient time to study to pass all 4 parts by the end of 2010, especially as I am already working full time as a staff accountant with a CPA firm.

• International Financial Reporting Standards (IFRS)

• Corporate Governance

• Project Management

• Multi-Jurisdictional Tax issues and

• Financial Instruments will be tested for the first time.

• Ethics, as it pertains to tax returns, legislation, and industry-driven ethics remains in the Regulation (REG) exam.

• New Professional Responsibilities section in AUD will focus on ethics and independence for AUD-related items, such as audits, reviews, compilations, compliance, etc. This amounts to a doubling of the Ethics coverage on the CPA Exam.

• After a seven year hiatus, the personal financial statement and tax exempt entities will be back on the exam.

• REG will not have IFRS testing in 2011 so it will change the least in terms of content. It's structure will change: simulations will double, MCQs reduced by 10% and written communications will become extinct.

The Auditing section will also include questions on International Auditing Standards.