The Regulation portion of the CPA exam is broken up into 5 components according to the AICPA blueprint. (1) Ethics, Professional Responsibilities and Federal Tax Procedures. Business Law. (2) Federal Taxation of Property Transactions. (3) Federal Taxation of Individuals. (4) Federal Taxation of Entities. (5) Business Law.   Like all CPA exam sections, a strategy should be in place when attacking regulation. Remember that although REG is a tax heavy exam, the conceptual components (e.g. ethics & business law) should not be disregarded. Often students find themselves disappointed with their 71% come score release day, and the first question I ask them is “how much did you study for business law?” […]