Certified Public Account (CPA) is the statutory title of qualified accountants in the United States who have passed the Uniform Certified Public Accountant Examination and have met additional state education and experience requirements for certification as a CPA. The requirements for licensure as a CPA, which are set by each state board of accountancy, include:

  • Completing a program of study in accounting at a college or university.
  • Passing the Uniform CPA exam.
  • Obtaining a specific amount of professional work experience in public accounting (the required amount and type of experience varies according to licensing jurisdiction).

One of the world’s leading licensing examinations, the Uniform CPA examination, serves to protect the public Interest by helping to ensure that only qualified individuals become licensed as CPAs. The Uniform CPA Exam is set by the American Institute of Certified Public Accountants and administered by the National Association of State Boards of Accountancy. Eligibility to sit for the Uniform CPA Exam is determined by individual state boards of accountancy. Typically, the requirement is a U.S. bachelor’s degree including a minimum number of qualifying credit hours in accounting and business administration with an additional one year of study.

  • Business Environment and Concepts – Business structures, economic concepts, financial management, Information technology and planning and measurement.
  • Financial Accounting and Reporting – Concepts and standards for financial statements, typical items in financial statements, specific types of transactions and events, accounting and reporting for governmental agencies, and accounting and reporting for non-governmental and not-for-profit organizations.
  • Auditing and Attestation – Planning the engagement, internal controls, obtaining and documenting Information, reviewing engagements and evaluating information and preparing communications.
  • Regulation – Ethics and professional responsibility, business law, Federal tax procedures and accounting Issues, Federal taxation of property transactions, Federal taxation – individuals, and Federal taxation- entities.

Individuals who become certified must complete ongoing education and ethics requirements in order to maintain their CPA license.

Even though Bob’s CPA license is current, he does not do tax or accounting work for clients. Bob works with several highly qualified tax and accounting CPAs as Strategic resources and would be happy to refer to the best match given your needs.

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