Busting the Crazy Myths for CPA

By IIC Lakshya

03 Feb 2026

The CPA exam is one of the most respected professional examinations in the finance and accounting world, but it is also surrounded by many exaggerated and misleading myths. These myths often create unnecessary fear, confusion, and self-doubt among aspirants, especially those just beginning their CPA journey.

Believing the wrong information can discourage capable students or push them into poor preparation strategies. It is important to separate facts from fiction and approach the CPA exam with clarity and confidence.

Myth 1: The CPA Exam Is Impossible to Clear

One of the most common myths is that the CPA exam is nearly impossible to pass. While the exam is undeniably challenging, it is designed to test competence, not perfection.

Thousands of candidates across the world clear CPA exams every year. With structured preparation, consistent practice, and smart exam strategies, clearing the CPA exam is absolutely achievable.

Myth 2: You Must Study 10–12 Hours Every Day

Many aspirants believe that clearing CPA requires studying all day, every day. In reality, quality of study matters far more than the number of hours.

Well-planned study sessions, focused revision, and regular mock tests are far more effective than long, exhausting study days. Many working professionals clear CPA with balanced schedules and disciplined planning.

Myth 3: Only Toppers and Rank Holders Can Clear CPA

The CPA exam does not require you to be a topper or a genius. It requires conceptual understanding, application skills, and consistency.

Students from diverse academic backgrounds—including average scorers—have successfully cleared CPA exams by following the right preparation approach and staying consistent.

Myth 4: Failing Once Means You Are Not CPA Material

Failing an exam section can feel discouraging, but it is not a reflection of your ability or intelligence. The CPA exam has a learning curve, and many successful CPAs have cleared one or more sections after retakes.

A failed attempt often provides valuable insights that help candidates perform better in subsequent attempts.

Myth 5: CPA Is Only Useful Abroad

Another common misconception is that CPA has value only outside India. In reality, CPA-qualified professionals are in demand globally, including in India.

With the rise of multinational companies, Big 4 firms, global shared service centers, and international consulting roles, CPA has strong relevance across borders.

Myth 6: CPA Exams Are Purely Theoretical

The CPA exam is highly application-oriented. It tests how well you can apply accounting knowledge to real-world business scenarios rather than just memorizing rules and standards.

Understanding concepts and practicing simulations are far more important than rote learning.

Myth 7: You Must Clear All CPA Papers Back-to-Back

Many aspirants believe they must clear all CPA sections consecutively without breaks. While consistency is helpful, flexibility is allowed and often necessary, especially for working professionals.

Candidates can plan their exams strategically based on readiness, workload, and personal commitments.