A CPA or a Certified Public Accountant in someone who holds at least a Bachelor’s Degree in Accounting and has passed the Uniform Certified Public Accountants’ Exam. The biggest responsibility of any CPA is to ensure that any organization that he or she is assigned to adheres strictly to the Generally Accepted Accounting Practices, rules, regulations, and guidelines. This applies to both public and private organizations.
Many factors such as the Enron incident, dubious financial practices in major financial centers such as Wall Street, and the current economic mayhem have led to a sharp increase in demand for Certified Public Accountants.
The Uniform Certified Public Accountants’ Exam was designed by the American Institute of Certified Public Accountants. As its name suggests, this exam was designed to ensure that all candidates fulfill a uniform set of benchmarking requirements before receiving their certification in forensic accounting and regulatory reporting.
The UCPAE is administered through the sponsorship of the National Association of State Boards of Accountancy in conjunction with other relevant state bodies. The entire exam is divided into four progressive segments. This means that anyone sitting for it is required to pass each section or attain an acceptable score before proceeding to the next. All states, with the exception of
All states, with the exception of California conform to a 150-hour guideline. This means that every candidate is required to study for a period of at least one year after obtaining his or her bachelor’s or master’s degree before sitting for the exam. Either the 150-hour requirement can be fulfilled online or offline at any certified college or business school.
Either the 150-hour requirement can be fulfilled online or offline at any certified college or business school. All UCPAE candidates are required to fulfill the Three “Es” before they become certified. The Three Es here stand for Education, Experience, and Examination. The experience portion of these three Es includes at least two years of working experience in taxation and/or auditing training under the sponsorship and guidance of a qualified Certified Public Accountant. Forty out of the 50 US states require the candidates to pass a further ethics exam in addition to all the above.
When candidates receive their license to practice as a CPAs, they are required to go through re-certification exam after every three years. This process must include 20 credits for every year and between two and eight hours of ethics instruction.
All candidates for the certificate are advised to register for a review course in order to gain review materials to assist them in their studies wherever possible. Candidates can also acquire useful apps and study aids over the internet. These apps are designed to allow them to study at their own pace. All candidates are also advised to focus most of their time in areas where they performed, or they believed they performed poorly in the classroom. The American Institute of Certified Public Accountants provides practice test materials to all candidates of the exam. Almost all the candidates find the practice tests very useful when they are preparing for the exam.
The American Institute of Certified Public Accountants provides practice test materials to all candidates of the exam. Almost all the candidates find the practice tests very useful when they are preparing for the exam.
The exam organizers also advise the candidates to research and familiarize themselves with all the exam centre requirements. Candidates should arrive on time to utilize the 30-minute sign-in time so that they can be properly seated and go through the exam center policies. Candidates who arrive at the exam centre on time also get ample time to complete any necessary identification procedures before the exam begins.
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