The Certified Public Accountant (CPA) is the highest accounting credential in the U.S. and is similar to the CA Qualification in India. The CPA title is awarded by the American Institute of Certified Public Accountant. U.S.
CPA is an individual with thorough and complete knowledge of Accounting principles of the U.S. So, if you want to work in or for U.S. firms, understanding its accounting laws is essential.
The services of U.S. CPA are required in all areas of the business world:
- Assurance and Attest Services
- Financial Accounting
- Management Consulting and Performance Management
- Information Technology (especially as applied to accounting and auditing)
- Corporate Finance (Merger & Acquisition, initial public offerings, share and debt issuing)
- Financial Planning
- Financial Analysis
- Venture Capital
- Forensic Accounting (preventing, detecting, and investigating financial frauds)
- Tax Preparation and Planning
- Estate Planning
- Corporate Governance
- Income Tax
The Uniform CPA Examination consists of four sections where each section challenges your understanding of fundamental principles and how to apply them in real-life situations
- Auditing and Attestation (AUD)
- Business Environment & Concepts (BEC)
- Financial Accounting & Reporting (FAR)
- Regulation (REG)
Exams are offered at prometric Testing Centers in US. The CPA Examination is offered two out of every three months of each quarter.
- Minimum 15 years of education
- Graduates and Postgraduates
- CA, CS, CWA
- Qualifications required to sit for CPA Exam in USA vary between state boards of accountancy.