Certified Public Accountant is basically the name of highly qualified accountants in several countries in the English speaking world. Usually, it’s equivalent to the name of a chartered accountant in other English speaking countries. Generally, a CPA is authorized by the government to offer professional accounting services to the general public. The role of a certified public accountant (CPA) is similar to that of an auditor. They have the ability to carry out independent auditing and they closely observe a business’s financial activities to ensure that the company’s financial records are in order and in accordance with the law. Why not try this out Jones CPA Group
There are several organizations in the United States, which set a standard for CPA designation and registration. These include Association to Advance Collegiate Schools of Business (AACSB) which is responsible for regulating and overseeing accounting colleges in the US, Association of Certified Public Accountants (ACPA) which is responsible for overseeing accountancy practices within the US and National Association of Legal Assistants (NALA). In Canada, there is also the Chartered Professional Accountant (CPA) designation which is closely followed by the Certified Public Accountant (CPA) designation. The two professional bodies in the US have their own governing boards and each has specific requirements that accountants must meet before being eligible to become a CPA. While some accountants are self-regulating, most of them are members of one or more professional organizations.
There are four levels of CPA designation. The first three levels require candidates to have a four year undergraduate degree in accounting, or at least a four year degree in an area of accounting that closely mirrors what a CPA would specialize in. Once these requirements are met, candidates can apply for the designation of Certified Public Accountant through their state board of accountants. Candidates who successfully earned their CPA designation will then need to pass the CPA exam. To sit for the exam, candidates must pass with a passing grade of at least 80% for the specific state board exams.