Saturday 17 September 2016

Certification And Licensing For A Certified Public Accountant

By Richard Davis


A certified accountant is a term for those who are being qualified as accountants. They need to pass the accountant examination and they will need to meet the additional education and experiences as requirements for their membership and for them to get their certification as a CPA. For those who have not passed the exam and were not being able to have an on the job experience are requested to have a CPA inactive status.

A lot of states have prohibited the usage of certified accountant terms to people who are not yet verified to be a CPA of state. And this would literally mean that they cannot be called like that until such time that they can obtain their certificate or their license. Certified public accountant San Luis Obispo is related to the assurance services or financial audit services as it is usually called as.

Being certified means that you have to pass all necessary examinations especially the exam for the Uniform CPA. The board of accountancy in a place is going to determine a students eligibility in taking the exam. Almost all places are adopting to the 150 rule where in students need to accomplish 150 units of the college semester.

This rule usually is requiring another one year of education after the four years college degree or masters degree. Most of the universities are already offering the 5 years bachelors degree or masters degree program, thus, allowing the students in earning both of the degrees. And also it allows them to receive right away the 150 hours which is needed for the exam eligibility.

Certification requirements and as well as for licensing are needed also, but it will depend on the state. The requirements are experience, education, and examination. Requirements for education must be accomplished for the students to take uniform examination. For the states which are two tier, when students will pass the exam, they will be given the certificate immediately. And when they can fulfill the working experience given amount, they will be given the license.

In some states, they are making use of the one tier system where an individual can be both certified and licensed, if both the work experience and exam are met. Not like other professionals, one important requirement for accountants is to have continuing education of courses for developing continuous professionalism. This requirements may vary in different states.

Some places may require 40 hours of the general professional ethics every year. This can be fulfilled by attending seminars or by self studying through online courses, textbooks, or videos. So this means that the boards may accept internet based credits for the requirements and there are also states that accepts credits from the self study format.

There are many people who are appointed in many lower tier states regarding the qualifications. Some are appointed as public accountant and also as licensed public accountant. Some might also be appointed as an accounting practitioner or registered accounting practitioner.

These terms are often appointed for accountants who are non CPA. These type of accountants are still practicing before the law. In most cases, it is prohibited to appoint them as such since they are not yet verified as PA or LPA.




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