Risks, uncertainties & going concern on the FAR CPA Exam
Risks, uncertainties & going concern is tested on the FAR section of the CPA Exam. It is a named topic of blueprint group FAR.I.C, Public-company & periodic reporting, which sits in FAR Area I, Financial Reporting, at 30 to 40% of the section.
- Section
- FAR, Financial Accounting and Reporting
- Area
- FAR.I, Financial Reporting, 30 to 40% of the section
- Group
- FAR.I.C, Public-company & periodic reporting
- Authoritative literature
- ASC 275, ASC 205
- Skill levels tested
- Remembering, Application
Which standard covers Risks, uncertainties & going concern on the CPA Exam?
Risks, uncertainties & going concern is tested against ASC 275 and ASC 205. The wider group FAR.I.C also reaches ASC 270, ASC 280, ASC 740.
At what skill level is Risks, uncertainties & going concern tested?
Risks, uncertainties & going concern is tested at 2 skill levels: Remembering (recall and understanding, which is multiple choice territory), Application (applying a rule to a fact pattern, which is where most simulations sit).
Is Risks, uncertainties & going concern tested outside FAR?
Yes. The same literature is tested outside FAR: ASC 275 in FAR.I.A (General-purpose financial statements: for-profit entities); ASC 205 in FAR.I.A (General-purpose financial statements: for-profit entities); ASC 205 in FAR.III.I (Subsequent events).
Area, group, topic, standard and skill levels are the AICPA published blueprint. Pass rates are the AICPA published candidate pass rates for 2026 through Q2, read from AICPA & CIMA on 2026-08-17. The AICPA publishes them quarterly. Where the same standard is tested outside FAR is PocketCPA's own mapping.
Every FAR blueprint area, group and topic · Which standards the CPA Exam tests · FAR pass rate and format
Common questions
Is Risks, uncertainties & going concern tested on the CPA Exam?
Risks, uncertainties & going concern is tested on the FAR section of the CPA Exam. It is a named topic of blueprint group FAR.I.C, Public-company & periodic reporting, which sits in FAR Area I, Financial Reporting, at 30 to 40% of the section.