Certified Public Accountant (CPA)

A CPA is an accountant who:

• Is registered and licensed in a particular state, with each state’s Board of Accountancy having different       requirements.

• Has completed a study in accounting at a college or university –150 hours of study is recommended.

• Has passed a 2-day uniform CPA exam administered by the national CPA organization, which is the American Institute of Certified Public Accountants (AICPA).

• Meets high professional business experience, education and ethical standards.

• Must take continuing professional education (CPE) courses each year to keep their license. Each state’s CPE requirements differ, but the basic requirement for an AICPA member is 120 hours, from January 1, 2001, forward and for each three-year reporting period after that.

CPA work varies widely and there are different areas of expertise, such as:

• Public practice
• Private industry, managerial or corporate
• Education
• Non-profit such as government

A CPA follows standard accounting rules and regulations and CPA firms go through a comprehensive review of their accounting and auditing practice every three years. Also, reviews by other CPAs are essential. Individuals work hard to obtain the CPA license, and are committed to delivering the high value it conveys.