A new version of the CPA Exam is on its way. Why change up the exam? In early 2014, the American Institute of Certified Public Accountants (AICPA) launched a research project to identify the knowledge and skills required for newly licensed CPAs, and included in the next version of the CPA Exam. The AICPA found that in order to protect the public interest, those seeking licensure as a CPA must demonstrate the following: