For other meanings of "CPA" see CPA (disambiguation)

Certified Public Accountants (CPAs) are accounting professionals of the United States who have passed the Uniform CPA exam, which was developed and is maintained by the American Institute of Certified Public Accountants (AICPA), and have subsequently met additional state requirements for licensure as a CPA. Only CPAs are professionally licensed to provide to the public, attestation (including auditing) opinions on publicly disseminated financial statements. Many states prohibit those without a CPA license to call themselves a "public accountant". According to National Society of Accountants, "public accountant" do exist nationwide subject to certain exceptions. Also, consumers should check with individual state boards of accountancy for conditions under which a CPA certificate is granted such as required full-time auditing experience or none.

CPA exam

The Uniform CPA exam was developed and is maintained by the American Institute of Certified Public Accountants, and is administered by the National Association of State Boards of Accountancy. Although the exam is uniform, licensing requirements are formed individually by each state's own laws, but vary only slightly by each state. States typically require:

• Completion of accounting program at a university/college with 150 credit hours. Required courses are also defined.
• Pass the CPA exam.
• Working experience of public accounting for certain period of time (for example, one year).
• Take certain courses annually to keep the license.

Because of different requirements in each state one has to meet the requirement of the state if s/he wants to practice in another state. Some states also require an additional exam before being licensed in the state.

Before November 2003, exams were offered twice a year, in May and November. The four sections were given in a two-day period.

• Business Law & Professional Responsibilities
• Auditing
• Accounting & Reporting - Taxation, Managerial, and Governmental and Not-for-Profit Organizations
• Financial Accounting & Reporting - Business Enterprises

Since April 5, 2004 the exam has been entirely computer based. Research skill as well as use of word processing and database software is required.

The year is divided into four windows. In each three-month window the candidates can take any number of the sections, once for each section on a window, in the first two months (January and February, April and May, and so on).

The sections have been reorganized as follows:

• Auditing & Attestation (4.5 hours)
• Financial Accounting & Reporting (4.0 hours)
• Regulation (3.0 hours)
• Business Environment & Concepts (2.5 hours)

The results are available within 60 days taking the exam. The credits for the passed sections are valid for 18 months. If the candidate does not pass all the four sections in the period each section will expire in 18 months.

External links

• CPA exam (http://www.cpa-exam.org/) (AICPA)
• Becoming a CPA (http://www.aicpa.org/nolimits/become/index.htm) (AICPA)
• A historical article on how account certification was first organized (http://www.nysscpa.org/cpajournal/1996/0496/features/f14.htm) in the U.S.

de: Certified Public Accountant