The American Institute of CPAs (AICPA) Foundation is offering a scholarship to help CPA Exam candidates cover the cost of exam fees or preparatory courses.

The CPA Exam Scholarship will offer up to $1,500 to at least 50 AICPA Student Affiliate members or AICPA CPA Exam Candidate Affiliate members in the US to reimburse fees for taking the CPA Exam as well as exam preparatory courses and materials.

The AICPA scholarship is available to US citizens or permanent residents who are pursuing licensure and who have some financial need.

The CPA Exam consists of four parts taken over about 18 months, and individuals must take and pass all four to become licensed CPAs.

AICPA Foundation president Ernie Almonte said: “One of the core missions of the AICPA Foundation is to advance the accounting profession. This scholarship helps us achieve that objective by helping to defray the costs of becoming a licensed CPA.” 

AICPA vice president of exams Mike Decker said: “The CPA Exam is a doorway to all of the opportunities a career in accounting provides. We are pleased the AICPA Foundations is making this scholarship available to help those in financial need make that career leap.”

Scholarship applications will be accepted until 31 July 2020.