Certified Public Accountants of India

Certified Public Accountants

Accounting and finance experts are very famous for their expertise. What is next is to present, in considerable detail, considerable information about this noble profession. Some general information provided includes general education, a brief overview of the examination process, responsibilities, and continuing professional education.

What Is a CPA?
A Certified Public Accountant is a registered professional who meets some government standards to engage in public accounting activities. The recognition is given to the accountants who clear the tough examination while meeting the academic and experience requirements stipulated by the state licensing bureau. The training provided to CPAs in the different practices in accounting, preparation of taxes, and auditing of financial statements bestows an importance that will impart more transparency in financial reporting. The certification also allows them to be legally empowered in representing clients on tax affairs, including the Internal Revenue Service (IRS).

Educational Requirements for CPAs
To become a CPA, one begins with an education that equips candidates with the necessary skills to carry out their tasks. The education process usually consists of:

1. Bachelor's Degree: Academic training exposes them to fundamental accounting principles, financial management, and economic theory.
2. Other courses—In order to achieve the requirement of 150 hours instituted by most states, most students receive additional training through either a master's in accounting or finance or additional undergraduate coursework. The additional training simply adds specialized knowledge in advanced taxation, audit procedures, and financial reporting.

3. Experience: Experience under a licensed CPA is necessary. Experience required may vary state to state, but mostly it is in public accounting firms or corporate accounting departments where the candidates can put their knowledge in practice, enhance professio