CPA - certified public accountant
Certified Public Accountant (CPA), highest standard of competence in the field of Accountancy over the globe.Certification is regulated by the American Institute of Certified Public Accountants (AICPA), world's biggest accounting body.
CPAs are internationally perceived as premier accountants, and are recruited across ventures all through the world.
CPA accreditation, image of trust and capability in the realm of business.
Accomplishing CPA certification affirms and separates you from different business performers – the advantages are expanded expectation, prospect, and financial reward.
To be CPA candidate needs to successfully complete Uniform CPA Examination and then subsequently be licensed by Board of Accountancy in one of the 55 USA jurisdictions.
Some of the other accounting bodies for certification in CPA:
STATE BOARD OF ACCOUNTANCY
The State Board of Accountancy are regulatory organizations that are responsible for administering the uniform CPA Examination, licensing of certified public accountants (CPAs) and CPA firms, regulating the public accounting practice, continuing professional education, and peer review.
NATIONAL ASSOCIATION OF THE STATE BOARDS OF ACCOUNTANCY
The National Association of State Boards of Accountancy (NASBA) takes the job of a central clearinghouse where all jurisdictions submit data on eligible candidates from which all jurisdictions receive advisory scores and other examination data.
AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
The American Institute of Certified Public Accountants (AICPA) determines the content of the examination, prepares the examination questions, determines the method of scoring, prepares advisory scores and conducts statistical analyses of examination results for the Uniform CPA Examination.
Eligibility
For composing CPA Exams one needs 120 Credits.
For getting CPA License one needs 150 Credits.
In India, every year of education from recognised university equals 30 semester credits of US instruction.
So for example:
Standalone B.Com = 3 years x 30 credits = 90 credits. (Non-Eligible)
However, combination of university courses can make you eligible for CPA as below:
B.Com + M.Com/MBA = 90/120 credits + 60 credits = 150/180 credits (Eligible)
B.Com + CA/CS/CWA = 90/120 credits + 60 credits = 150/180 credits. (Eligible)
Note: Illustration purpose ONLY, for details please reach out us
As expressed above, different states of USA have various Eligibility criteria of qualification and a CPA exam prospect needs to satisfy the qualification models of a given state.
The qualification of eligibility assessed by CPA evaluating offices/agencies
Subjects
- Financial Accounting and Reporting
- Regulation
- Auditing and Attestation
- Business environment and concepts
Exam Centers
The Uniform CPA Examination is administered in Allocated exam locations in USA and designated international locations, whether or not the exam locations are within the borders of the jurisdiction where you are seeking your initial license.
Citizens and long-term residents of the countries in which the examination is administered may sit for the examination in international locations. Effective October 2014, Indian citizens can take the exam in UAE. However, candidates taking the exam in international locations have to pay additional fee of approx. US$1,300 in addition to regular examination fee of US$955.
NASBA we from September 2020 will administer the CPA Exam in India at eight Prometric test centers (Ahmedabad, Bangalore, Calcutta, Chennai, Hyderabad, Mumbai, New Delhi and Trivandrum).
Indian candidates can schedule and take CPA Exam section during the months of June and September 2020.
Candidates testing at any international testing center must pay an examination administration fee before scheduling with Prometric. To do so, please log into your NASBA CPA Candidate Account portal and select "International Administration." The international administration process for the India region is now available.
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