Various countries in the world have various designations used to refer to those individuals qualified as to work as accountants. The title CPA is normally used to refer to local public accountants. In the United States for a CPA accountant must have sat and passed a certified public accountant examination that is normally uniform besides having all the requisite education and experience to be certified as a CPA and a member of professional accounting bodies.
Designation CPA can only be used by an individual certified in that particular state. Out of state accountants have to be licensed in other states before they are allowed to use the designation. In the states there exists other designations for low tier accountants such as PA (public accountants) and LPA (licensed public accountants)Certified public accountants can work in the private as well as public sector. They may occupy positions such as chief executive officers, chief financing officers or head finance departments depending on their business knowledge and practice. They have a responsibility to ensure that accepted accounting principles that are applicable are adhered to.
CPAs play various functions. They may work as chief operations officers, chief executive officers or even as heads of financial departments subject to their business practice and knowledge. In the delivery of their services, they ensure adherence to generally accepted accounting principles which are applicable. Their primary roles entail financial audit services or what is commonly referred to as assurance services.
Accountants may opt to be business consultants. However this line of work limits the scope of jobs an individual can do since professional standards and the law provide that those people carrying out business audits must maintain a certain level of independence from those an attestation is being carried on. Therefore most accountants who are consultants are bound not to provide auditing services.
Though CPA examinations may be the same for all students in the country, in others like the US, state governments greatly influence the licensing and certification since they hold the final verdict on the various licensing requirements that are outlined in the laws enacted by the state.
State requirements for an individual to qualify as a certified public accountant can be generally viewed as examinational, experience and education requirements. Some of these such as educational requirements are achieved as one seeks to realize the requirements to be eligible for certified public accountant examination. After one has had the stipulated experience, they are considered eligible for licensing.
Examinations primary concentrate on four key areas; Regulation (tests candidates on federal or national tax procedures, business law and tax and ethics in business) audit and attestation ( covers issues like evaluating evidence, performing audits, communicating audit findings, professional responsibilities) Financial accounting and reporting and Business environment and concepts(tests on corporate governance, strategic planning and information systems).
Ethics remain a critical area of study for an accounting student. In fact before one is a certified public accountant, he or she must sit a special ethics examination which evaluates ones understanding of professional ethics and might be a mandatory requirement when joining accounting professional bodies.
Designation CPA can only be used by an individual certified in that particular state. Out of state accountants have to be licensed in other states before they are allowed to use the designation. In the states there exists other designations for low tier accountants such as PA (public accountants) and LPA (licensed public accountants)Certified public accountants can work in the private as well as public sector. They may occupy positions such as chief executive officers, chief financing officers or head finance departments depending on their business knowledge and practice. They have a responsibility to ensure that accepted accounting principles that are applicable are adhered to.
CPAs play various functions. They may work as chief operations officers, chief executive officers or even as heads of financial departments subject to their business practice and knowledge. In the delivery of their services, they ensure adherence to generally accepted accounting principles which are applicable. Their primary roles entail financial audit services or what is commonly referred to as assurance services.
Accountants may opt to be business consultants. However this line of work limits the scope of jobs an individual can do since professional standards and the law provide that those people carrying out business audits must maintain a certain level of independence from those an attestation is being carried on. Therefore most accountants who are consultants are bound not to provide auditing services.
Though CPA examinations may be the same for all students in the country, in others like the US, state governments greatly influence the licensing and certification since they hold the final verdict on the various licensing requirements that are outlined in the laws enacted by the state.
State requirements for an individual to qualify as a certified public accountant can be generally viewed as examinational, experience and education requirements. Some of these such as educational requirements are achieved as one seeks to realize the requirements to be eligible for certified public accountant examination. After one has had the stipulated experience, they are considered eligible for licensing.
Examinations primary concentrate on four key areas; Regulation (tests candidates on federal or national tax procedures, business law and tax and ethics in business) audit and attestation ( covers issues like evaluating evidence, performing audits, communicating audit findings, professional responsibilities) Financial accounting and reporting and Business environment and concepts(tests on corporate governance, strategic planning and information systems).
Ethics remain a critical area of study for an accounting student. In fact before one is a certified public accountant, he or she must sit a special ethics examination which evaluates ones understanding of professional ethics and might be a mandatory requirement when joining accounting professional bodies.
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